MainSource to buy MBT
MainSource Financial Group, Inc., Greensburg, Ind., has agreed to purchase MBT Bancorp, West Harrison, Ind., in a cash and stock transaction. [Continue]
Skovgard named CEO of Lincoln Savings Bank, Cedar Falls, Iowa; Tscherter to retire
Eric Skovgard has been promoted to chief executive officer of Lincoln Savings Bank, Cedar Falls, Iowa. Steve Tscherter, who joined LSB as CEO in 1979, will retire but remain in transition leadership through 2014 as the company’s president. [Continue]
Wisconsin bank names CFO
Bank of Wisconsin Dells, Wis., has named Tracey Pierce as chief financial officer and senior vice president. [Continue]
First Midwest to buy Popular’s Chicago branches
First Midwest Bancorp, Inc., Itasca, Ill., will buy the Chicago banking operations of Popular Community Bank, a subsidiary of Popular, Inc., San Juan, Puerto Rico. [Continue]
Nebraska banking official to retire
Nebraska Director of Banking and Finance John Munn is retiring. Gov. Dave Heineman named Deputy Director Ray Pont as acting director. [Continue]
Wells Fargo, US Bank report Q1 results
Wells Fargo reported a record first quarter while U.S. Bank’s revenue dropped slightly from a year ago. [Continue]
Midwest bankers join ABA to promote financial literacy
Bankers from more than 500 bank offices across the Upper Midwest teamed up with the American Bankers Association in an effort to boost childhood financial literacy. [Continue]
Merchants names new regional president
Merchants Bank, Winona, Minn., has named Daniel Massett as its new regional president for Cannon Falls, Red Wing and Hampton, Minn. [Continue]
SHAZAM and VISA connect their rails for EMV migration
The SHAZAM Network and VISA reached an agreement to allow banks to issue SHAZAM branded cards with access to VISA’s payment rails on April 16. SHAZAM branded cards can now route over Visa’s network for transactions at retailers or at domestic ATMs. [Continue]
Starion founder receives Greater North Dakotan Award
Frank Larson, founder of Starion Financial, received the Greater North Dakotan Award on April 15 at the Governor’s Business Forum in Grand Forks, N.D. [Continue]