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]
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]
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]
Manistique, Mich.-based mBank was named 2018 Diversity Community Lender of the Year by the Michigan District Office of the Small Business Administration. [Continue]
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]
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]
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]
State Nebraska Bank & Trust, Wayne, is building a new 14,000-square-foot building at its 10th and Main Street location. [Continue]
Iowa holding company Heartland Financial USA is parting ways with the mortgage servicing rights of its subsidiary Dubuque Bank and Trust Company. [Continue]
The Indiana Bankers Association announced IBA Insurance Solutions, a full-service, independent insurance agency created to serve the needs of Indiana banks. [Continue]
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]