MidWestOne to acquire Iowa First
Iowa’s MidWestOne Financial Group, Inc., is buying Iowa First Bancshares Corp., Muscatine, for $47.6 million. [Continue]
Iowa’s MidWestOne Financial Group, Inc., is buying Iowa First Bancshares Corp., Muscatine, for $47.6 million. [Continue]
Fifty-three percent of community bank leaders said they would not sell to a credit union in any circumstances, according to a recent IntraFi Network survey. [Continue]
Democrats have dropped a controversial proposal requiring financial institutions to report transaction information to the IRS. [Continue]
Increased livestock loan demand boosted commercial bank ag lending during the third quarter, according to Kansas City Fed economists Nathan Kauffman and Ty Kreitman. [Continue]
Advisory firm Hovde Group LLC and the Independent Community Bankers of America expect to reach more than 150 community banks through a recently launched financial technology-focused venture capital fund. [Continue]
Bitcoin Latinum is partnering with Arizona-based OSO ATMs to help install 100,000 Bitcoin and Bitcoin Latinum ATMS across the United States. [Continue]
Kansas’ based Equity Bancshares, Inc., is selling three recently-acquired branches in the northern part of the state to United Bank & Trust in Marysville, Kan. [Continue]
Twenty years after the Patriot Act was passed, banking experts say the landmark law brings many security benefits but also potentially permanent, time-consuming responsibilities. The Patriot Act, enacted Oct. 26, 2001, following the Sept. 11 terrorist attacks and anthrax scare, has required banks to obtain, verify and record information identifying everyone who opens an account or changes an existing account. Banks are also expected to check customer names against a number of federal wanted criminal lists. In passing the legislation, the U.S. government found those it holds responsible for 9/11 were able to open bank accounts within the United States by completing applications with fraudulent Social Security numbers. [Continue]
Iowa-based GreenState Credit Union is purchasing Midwest Community Bank in Freeport, Ill. [Continue]
Banker confidence remains strong but is at its lowest level in nearly a year, according to the monthly Creighton University Main Street Economy survey. [Continue]