Where have all the de novos gone?

Between the year 2000 and 2008, the FDIC approved 1,042 new bank charters, leading those in the industry to dub that near-decade the “go go” years. Observers of the industry would just as soon forget what happened then. One consequence of the Great Recession is the rapid net decline in total banks, exacerbated by anemic de novo activity. [Continue]

ChoiceOne Bank promotes 7

Sparta, Mich.-based ChoiceOne Bank recently promoted seven employees, including: Walter Bargen to vice president, municipal and public funds officer. Bargen has been with the bank for 12 years. He began his banking career in 1978 at a local bank and has worked for several other community banks in his career. Bargen received his Bachelor of … Read more

State Bank names Kutz VP

Lebanon, Ind.-based State Bank has hired Corey Kutz as vice president, Lebanon market manager.  Kutz has more than 10 years of banking experience, most recently at Huntington Bank. He was a branch manager at JP Morgan Chase from 2012-14 and held the same role at KeyBank from 2014-16. He has a Bachelor of Science degree … Read more

FIBT hires Walsh as VP, commercial lender

First International Bank & Trust has hired Adam Walsh as vice president and commercial lender. Walsh has 15 years of banking experience, including 11 spent helping local businesses in commercial lending. Walsh has been named as an Emerging Leader by the South Dakota Bankers Association. “Adam’s reputation of building strong relationships and as a community … Read more

January 2019 Magazine

January 2019 Magazine – Digital Edition Please contact us today if you’d like to advertise or contribute editorial content. Please email [email protected] or call 952-835-2275.