Pioneer finalizes deal, starts branch build
Minnesota’s Pioneer Bank finalized its acquisition of the one-branch Nicollet County Bank, St. Peter, Minn., earlier this month and broke ground on a new Mankato branch this week. [Continue]
NEB Corp to buy Waupun bank
A pair of Wisconsin banks will be merging later this year. NEB Corp, parent company of National Exchange Bank & Trust, has agreed to acquire NBW Bank. [Continue]
mBank picks up SBA award
Manistique, Mich.-based mBank was named 2018 Diversity Community Lender of the Year by the Michigan District Office of the Small Business Administration. [Continue]
Elder exploitation at heart of Illinois legislation
Legislation this season in Illinois has brought to light new concerns regarding consumer protection and elder financial abuse. During last year’s Illinois General Assembly, bill SB2385 as originally written would have allowed nursing homes to require residents to give them power of attorney over their bank accounts so the nursing homes could check on residents’ eligibility for Medicaid. [Continue]
Nebraska bankers tackle weather, competition as convention convenes
The devastation caused by spring flooding in Nebraska will take months to fully calculate. For farmers, the challenges include accounting for the loss of an entire inventory, and the largest losses have been livestock. There is some farmland covered so deeply in sand and gravel, however, that it may never be useful for farming again. [Continue]
Wisconsin banks merging
First State Bank, New London, Wis., has signed a deal to acquire Pioneer Bank, Auburndale, Wis., and its seven offices in north central Wisconsin. [Continue]
SNB to construct new branch
State Nebraska Bank & Trust, Wayne, is building a new 14,000-square-foot building at its 10th and Main Street location. [Continue]
Heartland selling mortgage servicing rights
Iowa holding company Heartland Financial USA is parting ways with the mortgage servicing rights of its subsidiary Dubuque Bank and Trust Company. [Continue]
Indiana Bankers launches new insurance agency
The Indiana Bankers Association announced IBA Insurance Solutions, a full-service, independent insurance agency created to serve the needs of Indiana banks. [Continue]
Ag lending hits $108 billion in 2018
America’s farm banks increased agricultural lending by 5.3 percent, or $5.5 billion, to $108 billion in 2018, according to the American Bankers Association’s annual Farm Bank Performance Report. [Continue]