Eagle Bancorp to buy Western Holding Company of Wolf Point
Helena, Mont.-based Eagle Bancorp is buying Western Holding Company of Wolf Point, Mont., in a half-and-half cash and stock deal worth $13 million. [Continue]
Fed to develop faster payments infrastructure
Ending years of will-they-or-won’t-they speculation, particularly from smaller banks, the Federal Reserve announced on Monday, Aug. 5, that it will begin developing a faster payments system. Dubbed FedNow, the project is expected to be completed in 2023 or 2024. [Continue]
Ames National to acquire Creston bank
Iowa State Savings Bank will be sold to Ames National Corp later this year through a stock purchase agreement. [Continue]
First Option buying Pony Express
First Option Bank in Osawatomie, Kan., has inked a deal to acquire Pony Express Community Bank in St. Joseph, Mo. [Continue]
Indiana CU makes bank buy
Three Rivers Federal Credit Union has agreed to purchase West End Bank, Richmond, Ind., the latest in a string of CU acquisitions of banks. [Continue]
Community bank-focused P2P app launched
ExcheQ, the peer-to-peer payment app developed by Twin Cities-based North American Banking Company, launched August 1. The app, which had been under development for several years, got a significant boost in February when North American teamed with United Bankers’ Bank, Bloomington, Minn., to offer ExcheQ to UBB clients. ExcheQ LLC., is jointly owned by NABC, … Read more
Wintrust to acquire Chicago bank
Rosemount, Ill.-based Wintrust Bank is going to acquire Countryside, Ill.-based SBC, Incorporated, and its subsidiary Countryside Bank. [Continue]
Associated to acquire Illinois bank
Green Bay’s Associated Bank is acquiring The First National Bank in Staunton, Ill., in an all-cash deal worth $76.3 million. Founded in 1934, First National has $543 million in assets and $439 million in deposits. It has nine offices in the Metro East region of the St. Louis Metropolitan Area. [Continue]
Citizens Alliance to merge with Sacred Heart bank
Clara City, Minn.-based Citizens Alliance Bank will acquire the $26 million Farmers & Merchants State Bank of Sacred Heart, Minn. [Continue]
Rural bankers see tariff impacts
Rural bankers are seeing negative impacts from tariffs despite positive growth in the area, according to the Creighton University Rural Mainstreet Index. [Continue]