Chicago’s Byline Bancorp to acquire local bank
Chicago-based Byline Bancorp is expanding in the region by acquiring First Security Bancorp and subsidiary First Security Trust and Savings Bank for $41 million in cash and stock. [Continue]
Minneapolis holding company to merge charters
First State Bank of Sauk Centre, Minn., is merging into its sister charter, Little Falls, Minn.-based Pine Country Bank. [Continue]
Bowman describes opposition to half-point rate cut
Federal Reserve Gov. Michelle Bowman outlined her opposition to the Fed’s half percentage-point interest rate cut earlier this month. [Continue]
Justice Department updates bank merger guidelines
The Justice Department recently updated its nearly 30-year-old bank merger guidelines. [Continue]
Bank CEO sentiments reach 4 1/2 year low
Bank CEO sentiments in the central states reached their lowest level since the start of the pandemic in September, according to Creighton University’s September Rural Mainstreet Index. [Continue]
Builder confidence rises as interest rates fall
Builder confidence in the market for new single-family homes improved last month as mortgage rates fell by more than half of a percentage point in recent weeks. [Continue]
Industrial production increased in August
Industrial production increased 0.8 percent in August amid a comeback in motor vehicle output, according to the Federal Reserve. [Continue]
Wisconsin banker, marketing president to receive ABA awards
The American Bankers Association will recognize Dave Coggins as the recipient of its Bruning Award at its National Agricultural Bankers Conference in November. The organization is also honoring Carroll Merry, president of Germantown, Wis.-based Countryside Marketing, Inc., with its Blanchfield Award. [Continue]
Former KC Fed Prez: Rules unfairly burden community banks
Bankers should fight for meaningful regulatory reform, seek changes to capital rules, and stay engaged in the payments system despite risks, said former Federal Reserve Bank of Kansas City President Esther George.
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Denver’s InBank expands health care banking program
Denver-based InBank recently expanded its health care banking program by adding four health care bankers, including Jim Conley, Jeff Kachel, Joanna Vosburg and Nick Davis. [Continue]