Bank Iowa will prioritize an employee-centric culture with a plethora of perks at its new corporate headquarters in West Des Moines, Iowa. “It can be tempting to build a space for the work, but we wanted to build for the people who do the work,” said Bank Iowa CEO Jim Plagge, who kicked off the June 27 open house, which will be hosted in partnership with the West Des Moines Chamber of Commerce, with remarks at 4:15 p.m. [Continue]
Twenty-three states have committed to a multistate agreement that standardizes key elements of the licensing process for money transmitters and other money services businesses. [Continue]
Wisconsin’s Nicolet Bankshares is solidifying its presence in the Oshkosh market by acquisition of Choice Bank for $72.4 million. The $441 million Choice Bank has two branches in Oshkosh. Based on the financial results as of March 31, the combined company, based in Green Bay, would have assets of $3.5 billion, deposits of $2.8 billion and loans of $2.5 billion. [Continue]
As a follow-up to its acquisition of Guaranty Bank and Trust Company, Texas’ Independent Bank is selling Guaranty’s trust assets to Great Western Bank, Sioux Falls. [Continue]
Frandsen Financial Corporation is continuing its acquisition spree with a deal to buy Peoples Bank Midwest, Hayward, Wis. Founded as Peoples National Bank in 1925, Peoples Bank Midwest has $360 million in assets. [Continue]
Michael Bilski, CEO and chair of North American Banking Company, Roseville, Minn., was named chair of the U.S. Faster Payments Council. [Continue]
Ohio’s First Financial Corp signed a deal to acquire Bannockburn Global Forex, LLC, a capital markets firm. Both are based in Cincinnati. [Continue]
FDIC Chair Jelena McWilliams stressed the importance of reg relief for community banks, saying she doesn’t think Basel should apply to them. [Continue]
Mark Meloy, CEO of First Business Bank, Madison, has been elected to serve as the 2019-2020 chair of the Wisconsin Bankers Association. [Continue]
Chicago’s Wintrust bank is adding to its footprint in the area with its acquisition of a bank on the western edge of the area. [Continue]