NFR Communications, Inc., publisher of BankBeat magazine and provider of communications services to the commercial banking industry, has acquired Bank News Media in a deal that brings together two media companies that each have more than a century of history. The deal closed May 28. [Continue]
Farmers & Merchants Savings Bank, Manchester, Iowa, will sell its three branches operating as Security Savings Bank in Eagle Grove, Goldfield, and Clarion, Iowa, to First National Bank, Waverly, Iowa. [Continue]
Glencoe, Minn.-based Security Bank & Trust has agreed to acquire the State Bank of Hamburg, Minn. The deal will close in the third quarter. [Continue]
Fargo, N.D.-based Eide Bailly has signed an agreement to acquire California CPA firm Vavrinek, Trine, Day & Company. The deal is set to close July 22. [Continue]
Chicago’s First Midwest Bank is beefing up its presence in Milwaukee with the addition of a commercial banking center. [Continue]
Minnesota’s Pioneer Bank finalized its acquisition of the one-branch Nicollet County Bank, St. Peter, Minn., earlier this month and broke ground on a new Mankato branch this week. [Continue]
A pair of Wisconsin banks will be merging later this year. NEB Corp, parent company of National Exchange Bank & Trust, has agreed to acquire NBW Bank. [Continue]
Manistique, Mich.-based mBank was named 2018 Diversity Community Lender of the Year by the Michigan District Office of the Small Business Administration. [Continue]
Legislation this season in Illinois has brought to light new concerns regarding consumer protection and elder financial abuse. During last year’s Illinois General Assembly, bill SB2385 as originally written would have allowed nursing homes to require residents to give them power of attorney over their bank accounts so the nursing homes could check on residents’ eligibility for Medicaid. [Continue]
The devastation caused by spring flooding in Nebraska will take months to fully calculate. For farmers, the challenges include accounting for the loss of an entire inventory, and the largest losses have been livestock. There is some farmland covered so deeply in sand and gravel, however, that it may never be useful for farming again. [Continue]