Performance Trust to merge with Atlanta M&A firm
Performance Trust Capital Partners, LLC of Chicago announced March 25 it is purchasing Banks Street Partners, LLC, an investment banking firm based in Atlanta. [Continue]
Rural Mainstreet Index moves positive on growth
The overall index expanded to 52.9 from 50.2, the highest reading since December 2018 and the eleventh time in the past year it’s been above growth neutral. [Continue]
University acquires lending team
A subsidiary of Ann Arbor, Mich.-based University Bank has bought a local mortgage banking division from Huron Valley Financial. [Continue]
Deal pushes Michigan’s ChoiceOne past $1 billion
Sparta, Mich.-based ChoiceOne Financial Services, Inc., parent of ChoiceOne Bank, has signed an agreement with County Bank Corp., to acquire its Lakestone Bank & Trust. Lapeer, Mich.-based County will combine with ChoiceOne in a “strategic merger of equals” creating a $1.3 billion bank. [Continue]
First Premier to build new downtown Sioux Falls HQ
South Dakota’s First PREMIER Bank broke ground on a new main office and corporate headquarters at the northeast corner of Minnesota Avenue and 14th Street in downtown Sioux Falls. [Continue]
Bankers’ Bank to offer new credit card origination service
Madison, Wis.-based Bankers’ Bank is collaborating with MK Decision to bring the firm’s Credit Card Origination System™ to over 100 community bank partners throughout the Midwest. [Continue]
Bank confidence slips, survey says
Bank confidence has continued its year-long decline, and overall economic optimism is not high among bankers, according to a survey from Promontory Interfinancial Network. [Continue]
Iowa HC’s two brands post mixed market results
Iowa First Bancshares Corp., Muscatine, reported mixed results for 2018. The holding company’s net income of $2,311,000 for the year was $87,000 less than in 2017. [Continue]
Pella to acquire Iowa State Savings Bank
Iowa’s Pella Financial Group, parent of Marion County State Bank of Pella, signed a deal with Duclarkee, Inc., to acquire its Iowa State Savings Bank, Knox. [Continue]
UMB buys corporate trust business
Missouri’s UMB Bank is a buying the corporate trust division from Des Moines-based Bankers Trust. [Continue]