Despite the boom-bust cycles of the ag economy, a Walmart-driven retail migration from Main Street to the edge of town, factory closings and a devastating fire in the dead of winter, Maquoketa and DeWitt remain vibrant towns in eastern Iowa, largely due to engaged community leadership, including the bankers at Ohnward Bancshares. Leveraging local expertise and resources, the 11,000-some area residents sustain a hopeful future. [Continue]
When Colorado became the first state to legalize recreational marijuana in 2012, the plant was (and continues to be) illegal at the federal level. Yet several Colorado banks jumped in, quickly opening accounts. Many of those banks were promptly swarmed with U.S. Drug Enforcement Agents. Everyone from tellers to bank presidents were warned that by servicing the cannabis industry, they could be arrested and held criminally liable under federal law. Most banks quickly backed away. [Continue]
When Kelly Skalicky was in elementary school, she wanted to play basketball. But the town’s youth league was only open to boys. The restriction didn’t make sense to her. Why, she wondered, could the boys and girls play kickball together and have gym class together but only the boys had access to the league and the tournaments and the “cool” trophies? There was an inherent unfairness about the whole situation, which didn’t sit well with the scrappy fourth grader. [Continue]
Even before the pandemic, bank customers had increasingly migrated toward online and mobile banking products to conduct simple banking functions. The widespread temporary closure of bank lobbies in 2020, which linger in some areas today, has called into question the relevance of the brick-and-mortar branch, especially after banks successfully migrated much of their workforce to remote home offices. As the industry ponders its “new normal,” BankBeat reached out to bank architects around the Midwest to get their input. Here, Sean Raboin, partner at HTG Architects in Eden Prairie, Minn., gives his thoughts on how the last year might influence a bank’s use of space. [Continue]
Call 2020 the year of the drive-up. Ken Organ, vice president and manager of the Northfield, Minn., branch of Heritage Bank would certainly concur. Organ is a long-time resident of the vibrant college town, situated 45 miles straight south of Minneapolis, where the bank opened a de novo branch 16 months ago. [Continue]
Even before the pandemic, bank customers had increasingly migrated toward online and mobile banking products to conduct simple banking functions. The widespread temporary closure of bank lobbies in 2020, which linger in some areas today, has called into question the relevance of the brick-and-mortar branch, especially after banks successfully migrated much of their workforce to remote home offices. As the industry ponders its “new normal,” BankBeat reached out to bank architects around the Midwest to get their input. Here, Adam Holmes, CEO of Vanman Architects in Minneapolis, gives his thoughts on how the last year might influence a bank’s use of space. [Continue]
Even before the pandemic, bank customers had increasingly migrated toward online and mobile banking products to conduct simple banking functions. The widespread temporary closure of bank lobbies in 2020, which linger in some areas today, has called into question the relevance of the brick-and-mortar branch, especially after banks successfully migrated much of their workforce to remote home offices. As the industry ponders its “new normal,” BankBeat reached out to bank architects around the Midwest to get their input. Here, CEO Scott Voight and Sales Manager Joe Moorman of TurnKey Architects in Waterloo, Iowa, give their thoughts on how the last year might influence a bank’s use of space. [Continue]
When State Nebraska Bank & Trust in Wayne first looked at rebuilding its Campus Branch on the north side of town, CEO Matt Ley knew it was an opportunity to do more than update the 1980s structure. The bank bought some adjacent lots and decided to add leasable Class A office space to the building — plus something extra. [Continue]
Even before the pandemic, bank customers had increasingly migrated toward online and mobile banking products to conduct simple banking functions. The widespread temporary closure of bank lobbies in 2020, which linger in some areas today, has called into question the relevance of the brick-and-mortar branch, especially after banks successfully migrated much of their workforce to remote home offices. [Continue]
Enebak Construction Company started in 1905. Tip Enebak is a third generation leader, shepherding his sons as the fourth. He’s being recognized as one of BankBeat magazine’s 2021 Amazing Outside Directors. Tradition Capital Bank was founded in 2005, when Enebak, his son Jake, and his son-in-law, Erik Hendrickson, began to etch the blueprint of the de novo. [Continue]