Wintrust eliminates consumer overdraft fees
Rosemont, Ill.-based Wintrust Financial recently ended all consumer overdrafts and item return fees. [Continue]
Farm real estate values remain strong
Farm real estate values continued to grow in the fourth quarter of last year but showed signs of easing amid higher interest rates. [Continue]
Credit card fraud increasing as demand grows
Credit card fraud has tripled over the last five years, according to travel advisory company UpgradedPoints. [Continue]
Two small Illinois banks to merge
Mount Pulaski, Ill.-based Longview Community Bank is buying Bank of Chestnut. [Continue]
House committee passes bill creating data privacy standard
The House Financial Services Committee recently passed a bill which would create a national consumer data privacy standard. [Continue]
Business conditions measure expands, indicating expansion
The Midwestern economy is growing despite stubbornly high inflation and a workforce shortage, according to Creighton University’s February Mid-America Business Conditions Index. [Continue]
Wisconsin’s IncredibleBank to open Florida branch
Wausau, Wis.-based IncredibleBank will soon break ground on a new branch in Cape Coral, Fla. [Continue]
FinCEN warns banks of surge in check fraud mail schemes
The Financial Crimes Enforcement Network is warning banks of a surge in check fraud schemes targeting the U.S. Mail since the pandemic. [Continue]
KC Fed regional manufacturing flat
Tenth District manufacturing was flat this month as expectations for future activity remain modest, according to Kansas City Fed survey. [Continue]
Fourth-quarter earnings slide to $68.4 billion
FDIC-insured institutions made $68.4 billion in the fourth quarter, a 4.6 percent decrease from the previous quarter. That lower number was caused by a drop in noninterest income and a large increase in provision expenses offsetting an increase in net interest income, according to the agency’s Quarterly Banking Profile. [Continue]