“We have to be accommodative to their beliefs and honestly examine ourselves as a business to determine what is really core to our relationship needs,” explains Iowa banker Dan Thompson of the business his bank has built with the local Amish community. [Continue]
What price the Durbin Amendment? Well, if you’re First Interstate BancSystem Inc., about $3.3 million per quarter from a reduction in payment services revenue. That calculation by the Billings, Mont.-based operator of First Interstate Bank comes as the impact of Durbin kicked in at the bank starting in July. [Continue]
Because of the impact Rosacker has had on UBB, his many customers and the community banking industry across the country, BankBeat magazine is honoring him with its first-ever Lifetime Achievement Award. [Continue]
Increasingly, banks in areas affected by these crimes have started to lock their lobby doors during business hours; robbers have responded by moving their nefarious activities to surrounding communities. [Continue]
Kurt Yost’s belief in community banking has served him well through 34 years of advocacy that commenced during contentious times and concludes as the industry grapples with the rapid pace of change. [Continue]
Online lender Social Finance stomped onto the banking scene last year when it announced its application for a banking charter. The banking industry vowed to stop the Silicon Valley company — then led by CEO and co-founder Mike Cagney — from cutting into its turf, yet nothing seemed to stand in the path of Cagney and his SoFi juggernaut. [Continue]
The digital spectrum for brick-and-mortar community banks seems to range from the mobile app-less to the smartwatch banking-capable with most banks in the migratory middle. [Continue]
Equity Bancshares, which operates the Equity Bank franchise from its base in Wichita, Kan., is a relatively young holding company, formed in 2002. Since then it has completed nearly 20 mergers and acquisitions, and sees little point in slowing down. [Continue]
The call for public banking is both resurgent and pervasive across the United States, and may actually be gaining momentum outside of its core sponsor groups. Interest in public banking is widespread. Reasons vary, but often come down to unmet need and disparity. [Continue]
“Robotics is huge,” said Curtis Drozd, a third-generation corn, soybean and sorghum farmer in the southwestern Michigan town of Allegan. Drozd has invested in unmanned aerial vehicles, or UAVs, and GPS-integrated auto-steering computers on his tractors. Lest you think Drozd’s auto-steer system is rugged and reliable enough to allow his tractor to autonomously start itself in the barn, drive to the field, and complete plowing or planting all while he attends to other tasks on the farm, Drozd is quick to clarify: We still need the farmer. [Continue]