Opportunity Bank of Montana, Helena, will acquire Ruby Valley Bank, Twin Bridges, Mont. According to FDIC records the acquisition of the $90 million Ruby Valley will make Opportunity the fifth-largest Montana-based bank with $800 million in assets. Ruby Valley has two branches — Twin Bridges and Sheridan — and the combined company will have 16 branches. [Continue]
In a big shift from a few years ago, deposits are again coveted by most banks. For a while, many banks were so flush with cash they actually turned away customers who had large sums of money to deposit. But today loan demand is up and other investments are competing for those deposit dollars. Note the Dow Jones Industrial Average recently topped 23,000. [Continue]
The Chicago Blackhawks announced the team’s new, privately funded, $65 million facility will be known as the MB Ice Arena – Chicago Blackhawks Community Rink, reflecting sponsorship by MB Financial Bank. In addition to serving as the practice home for the Blackhawks and visiting National Hockey League teams, approximately 94 percent of the 125,000-square-foot facility’s use will be for the community, youth and adult hockey leagues. [Continue]
Associated Bank, Green Bay, Wis., is offering Packers fans an exclusive opportunity to keep celebrating throughout the football season, “Get Closer to the Packers,” and meet players Jordy Nelson and Randall Cobb. [Continue]
Pine Country Bank of Little Falls, Minn., is celebrating its 90-year anniversary by giving $100 to a lucky customer every week until the end of the year. Formerly known as Royalton State Bank, it has been a locally owned and operated financial institution since 1927. Every year through its Hometown Pledge program, Pine Country Bank gives 5 percent of profits back to community organizations, and employees are allowed to volunteer during work hours to local nonprofits. [Continue]
Two banks in the NorthWestern Financial Review coverage area are among the banks recognized by the American Bankers Association as leaders in corporate social responsibility. The Community Commitment award winners were honored at the ABA convention in Chicago on Oct. 17. [Continue]
Illinois bankers helped raise money for the Girl Scouts of Central Illinois at the 17th annual Women in Banking conference hosted by the Illinois Bankers Association and the Illinois League in September. [Continue]
MBT Bank, Forest City, Iowa, has been awarded a 2017 Top Workplaces honor by the Des Moines Register. The Top Workplaces list is based solely on the results of an employee feedback survey. Several aspects of the workplace culture are measured in the survey, including alignment, execution and connection. [Continue]
Leaders of the Iowa Bankers Association articulated the group’s top priority: gaining tax parity with credit unions. David Nelson, CEO of West Bank, West Des Moines, and Kurt Herbrechtsmeyer, president and CEO of First Security Bank & Trust, Charles City, focused on credit union taxation during their respective speeches at the 131st annual IBA convention. The meeting, which attracted nearly 600 bankers, vendors and guests, took place Sept. 17-19 at the Veteran’s Memorial Auditorium in Des Moines. [Continue]
