Wisconsin bank sells branch to CU
CCF Bank, a subsidiary of Citizens Community Bancorp, Inc., is selling its Rochester Hills, Mich., branch to Lake Michigan Credit Union, Grand Rapids. [Continue]
CCF Bank, a subsidiary of Citizens Community Bancorp, Inc., is selling its Rochester Hills, Mich., branch to Lake Michigan Credit Union, Grand Rapids. [Continue]
FreedomBank of Elkader, Iowa announced Nov. 20 that it will purchase and merge with Farmers & Merchants Savings Bank of Waukon, Iowa. [Continue]
Michigan-based Range Bank is fortifying its move into Wisconsin with the opening of its first full-service office in the state. [Continue]
The nation’s community banks had net income of $6.8 billion while all FDIC-insured institutions pulled in a total of $62 billion in the third quarter. [Continue]
The $1.7 billion credit union announced Nov. 14 that it is buying the $155 million Golden Eagle Community Bank, Woodstock, Ill. The deal is expected to close in the second quarter of 2019. [Continue]
Heartland has hosted more than 15 such farm-focused seminars in the past decade. The purpose initially was to offer help with marketing tactics and tech challenges but the event has evolved in recent years toward broader economic trends and crop prices. [Continue]
Kansas banking regulator Michelle Bowman has been confirmed to a seat on the Federal Reserve Board of Governors.
With the Senate confirmation, Bowman fills one of three vacancies on the board, bringing the total members to five for the first time in more than a year. Remaining nominees Nellie Liang, a former Fed staff economist, and Carnegie Mellon University professor Marvin Goodfriend, still await confirmation.
Bowman’s presence satisfies a clause added to the Federal Reserve Act in 2015 requiring the Fed’s leadership include at least one governor with community banking experience. [Continue]
A dozen community and regional banks have joined to collaborate on developing fintech solutions, forming Alliance Alloy Labs. [Continue]
Cedar Falls, Iowa-based Lincoln Savings Bank broke ground on a new Des Moines office and honored local nonprofits in doing so. [Continue]
Chicago’s First Midwest Bancorp, Inc., is beefing up its wealth management division by buying Wisconsin’s Northern Oak Wealth Management, Inc. [Continue]