IBMC and Iowa banks honored for home lending

The Iowa Finance Authority has recognized top lenders from throughout the state for their efforts in advancing affordable homeownership through IFA’s programs in 2016, and Iowa Bankers Mortgage Corporation (IBMC) was named the top lender. [Continue]

New KleinBank product offers convenience, security

KleinBank of Chaska, Minn., is one of the first community banks in Minnesota to offer a new mobile service to debit card users that helps defend against fraud and better manage spending. KleinBank’s new CardControl mobile app enables customers to turn their debit cards on or off, set spending limits, approve where and how the card can be used, and receive real time notifications. [Continue]

South Dakota bank expands in Minnesota

First Bank & Trust, Brookings, S.D., is buying two Minnesota banks operating under one holding company: Peoples Bank of Commerce, and State Bank of New Prague, both owned by the Duke Financial Group, Minneapolis. The $296 million Peoples Bank of Commerce is based in Cambridge and has branches in Princeton, East Bethel, Edina and Roseville. State Bank of New Prague has one location and assets of $112 million. The name of both banks will change to First Bank & Trust. [Continue]

Bankers form core processor co-op

Waldorf Computer Systems of West Des Moines, Iowa, has entered into an agreement to transition ownership of its core banking software product to the Community Bankers Cooperative, a not-for-profit, member-owned-and-controlled cooperative that is being formed by banks that use the company’s software, BANCADO. [Continue]