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]
Chicagoland CU buying local bank
Elgin, Ill.-based Corporate America Family Credit Union is buying Ben Franklin Financial, Inc., and its subsidiary Ben Franklin Bank of Illinois in Arlington Heights. [Continue]
WaterStone to open new branches
Wisconsin’s WaterStone Bank is adding a pair of branches in the Milwaukee market later this year in Oak Creek and West Allis. [Continue]
Fidelity buys factoring firm
Minnesota’s Fidelity Bank has agreed to purchase a local factoring services firm working in the Midwest. [Continue]
North Dakota banks will merge
Westbrand, Inc., based in Minot, N.D., is set to acquire BlackRidgeBANK in Fargo, N.D., later this year for an undisclosed amount. [Continue]