Alan Tubbs to receive ABA’s Bruning Award
Alan “Al” Tubbs, chair of Ohnward Bancshares, Inc., Maquoketa, Iowa, is the 2020 recipient of the American Bankers Association’s Bruning Award. [Continue]
First Mid, LINCO merging
Illinois-based First Mid Bancshares has inked a deal to acquire LINCO Bancshares, Inc., and its subsidiary Providence Bank for $144.9 million in a cash and stock transaction. Providence, Columbia, Mo., has $1.2 billion in assets, $909 million in deposits and offices in Missouri, Texas and Illinois as well as an LPO in Indianapolis. [Continue]
Wisconsin CU buying Associated branch
Summit Credit Union in Madison, Wis., is buying a branch in Monroe, Wis., from Associated Bank which comes with $37.7 million in deposits. [Continue]
Wyoming shoots ahead in digital asset industry
The state of Wyoming is on the brink of becoming a trailblazer in the world of cryptocurrency now that it has awarded its first special purpose bank charter allowing institutions to receive deposits and serve as custodians of digital assets. The Wyoming Division of Banking granted San Francisco-based Kraken Digital Asset Exchange its first-ever Special Purpose Depository Institution charter on Sep. 16. [Continue]
Investors Community opening Fox Valley branch
Manitowoc, Wis.-based Investors Community Bank has broken ground on a new 23,986-square-foot banking center in Appleton, Wis. [Continue]
Charter Bank buying branch
Wisconsin’s Charter Bank is buying a branch from Bank First, Manitowoc, Wis., which will retain loans from the Chetek, Wis., office. [Continue]
Bridgewater opens doors to new corporate center
Bridgewater Bank, Bloomington, Minn., has opened the doors to its new corporate center in the Minneapolis suburb of St. Louis Park, after three years of planning. The four-story headquarters, situated on the northwest corner of Excelsior Boulevard and Monterey Drive, is allowing roughly 80 employees at a time to work in-house on a rotating schedule. Despite … Read more
Quarter of RMI respondents report economic recovery
America’s ag- and energy-dependent central states are reporting better economic numbers, but overall stats remain below normal, according to the Rural Mainstreet Index. September’s 46.9 (up from August’s 44.7) was the seventh straight month with a reading in a recessionary economic zone despite increases from April’s historic lows. [Continue]
FNBM to open Lansing branch
First National Bank of Michigan will open a branch in Lansing, Mich., and relocate its Lansing LPO, which opened in 2017, to that office. The location will become the sixth branch for First National Bank of Michigan, which has three branches in Kalamazoo County, one in downtown Grand Rapids and one in Holland. [Continue]
WaterStone opening Milwaukee branch
Wauwatosa, Wis.-based WaterStone Bank announced that it will open a new branch location in Milwaukee, its first in the city. [Continue]