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]
Fidelity Company will acquire State Bank of New Hampton, Iowa, expanding into a desirable corner of the state. [Continue]
Bassett, Neb.-based Sandhills State Bank is buying a trio of branches from Western States Bank, which is based in Laramie, Wyo. [Continue]
St. Louis-based Enterprise Financial Services Corp will acquire Trinity Capital Corporation, the holding company of Los Alamos National Bank, for $213 million. [Continue]
Recently posted documents on the Securities and Exchange website provide background regarding MidWestOne Financial Group’s Aug. 22 announcement it will purchase ATBancorp, a $1.4 billion holding company for American Trust of Dubuque, Iowa and American Bank & Trust of Cuba City, Wis. [Continue]
Peoples Bancorp, Marietta, Ohio, has signed a deal to acquire First Prestonsburg Bancshares, and its subsidiary First Commonwealth Bank of Prestonsburg, Ky., for $45.4 million. [Continue]