Leaders succeed by identifying important goals, and they articulate powerful reasons for pursuing those goals. They set high expectations and take the actions necessary to accomplish them. Finally, they track results intensely. [Continue]
With bitcoin being the currency of choice for cyber criminals, perhaps the time has come for community bankers to set up a bitcoin account and keep a small balance of bitcoin on hand to pay ransom. [Continue]
The Independent Community Bankers of Minnesota recognized six bankers with its Legacy of Community Banking Award at its annual convention, held August 9-11 at Mystic Event Center in Prior Lake, Minn. The award recognizes bankers with 50 years or more of service to their institutions and the industry. [Continue]
Preston Steele is chairman of the $840 million American Bank & Trust, Huron, which has 13 locations in eastern South Dakota. [Continue]
Thomas Bates, CEO of County Bank, Sigourney, and Michael Geiger, vice president of County Bank, Deep River, were honored by the Community Bankers of Iowa. [Continue]
Will community bankers in subchapter S corporations be allowed to take a deduction designed to reduce their income tax obligation to a rate closer to what C corporations pay? Jerry Kissell, tax partner with RSM US, LLP, told bankers gathered for an event in St. Louis Park, Minn., the answer is uncertain. [Continue]
Gretchen Carlson addressed ICBA bankers on March 16, where she shared her story of growing up in Anoka, Minn., learning to play the violin, watching her father lose the family car dealership and her mother win it back. The 1989 Miss America pageant winner became a television news reporter for CBS, a news anchor in Cincinnati, and eventually a Fox News contributor. [Continue]
The old adage that credit quality is king is as true as ever. And while fewer banks these days are failing (three failed in the United States in 2017) and fewer turn up on regulators’ lists of troubled banks, there has been a slight uptick in the issuance of MOUs and board resolutions. That’s according to David Kemp, president of Atlanta-based Bankers Management Inc. [Continue]
Dave Dannehl, president and CEO of First State Bank of Loomis, Neb., was elected chairman of the Nebraska Bankers Association during the association’s annual convention, held May 3 in Omaha. Dannehl succeeds Kristie Holoch, president and CEO of Cornerstone Bank in York, Neb. [Continue]
Satisfied customers are loyalty neutral and will leave one bank for another when offered an elevated customer experience, said C. Richard Weylman, author of “The Power of Why” and “Start with Why.” Weylman, speaking at the Nebraska Bankers Association’s annual convention May 3 in Omaha, Neb., offered bankers practical steps to connect with customers they way top retailers do. [Continue]