The sometimes painful process of bank ownership succession planning was highlighted at the recent Nebraska Bankers Association annual convention by a panel of CEOs who became new owners when presented with the opportunity by previous owners. [Continue]
Colorado Points West Community Bank, Windsor, Colo., authorized to establish a branch in Greeley, Colo. Iowa State Bank, New Hampton, filed to merge into Fidelity Bank & Trust, Dubuque. Farmers and Traders Savings Bank, Douds, filed to merge into Libertyville Savings Bank, Fairfield. City State Bank, Norwalk, authorized to establish a branch in Mesa, Ariz. … Read more
As the incumbent provider of financial services, banks are well positioned to keep customers despite behavioral preferences which trend digital. This is true even for community banks that have struggled to afford digital solutions. The community banking model is, after all, built on relationships first. [Continue]
Liquidity, particularly in banks dependent upon ag loans, and security issues top the list of concerns among regulators who spoke at a recent event hosted by the Bank Holding Company Association in Kansas City, Mo. [Continue]
Spring flooding was on the minds of Gov. Kim Reynolds and Secretary of Agriculture Mike Naig as they updated bankers on conditions on the ground in southwestern Iowa during the 26th annual “Day with the Superintendent,” held April 18 in Des Moines. The event was hosted by the Iowa Division of Banking. [Continue]
The banking industry’s financial performance is generally strengthening at a time when regulatory demands seem to be lightening [Continue]
FDIC Chair Jelena McWilliams offers commentary on the Trust through Transparency initiative, the FDIC’s increased focus on cybersecurity, her listening tour of bankers and efforts to streamline regulations at the agency, even though “it’s not the nature of a regulatory agency to declutter.” [Continue]
The future, as they say, is here. Here being Nashville, Tenn., where on the second day of ICBA Live, the future was carried onto a stage in the form of Sophia, a robot draped in haute couture in the style of Audrey Hepburn, a female gendered artificial intelligence who listened and was capable of engaging … Read more
The problem with community banks, according to a much criticized article in the Wall Street Journal, is that their ability to deliver the tech tools customers supposedly want pales when compared to the nation’s largest banks. And though core providers and fintech startups scramble to deliver feature after feature as bankers try to compete, it’s … Read more
The economy has a lot of influence on the de novo market, which might be picking up, albeit tepidly. James LaPierre, FDIC Kansas City Regional Director, shared at a seminar hosted by the Eide Bailly accounting firm that as of Nov. 1, that the FDIC has approved nine applications for FDIC insurance so far this year and the agency currently is considering 12 pending applications. [Continue]