State regulators watching farm situation; conditions changed greatly during MBA chairmanship; North Dakota bankers focus on future at convention; SDBA leaders want more involvement from young bankers; Illinois bankers inching toward lawsuit resolution. [Continue]
The Federal Reserve Bank of Minneapolis promoted:Ron Feldman to senior vice president, supervision, regulation and credit.Cheryl Venable to senior vice president, FedACH and information technology.Barb Coyle to vice president, supervision, regulation and credit.Tim Devaney to assistant vice president, financial management.Forrest Peiper to assistant vice president, information technology.Darian Vietzke to assistant vice president, treasury retail services.In addition, the bank hired Mark Vukelich as assistant … Read more
Minneapolis start-up eyes a perceived niche; Wyoming holding company sells to Wells Fargo. [Continue]
Whether you believe it or not, reaction could have big impact on banking. [Continue]
The Lieberman-Warner Act didn’t go anywhere, but you can bet that climate change will be the subject of congressional debate for years to come. (See this issue’s feature.) That’s why bankers should take former Iowa Gov. Tom Vilsak’s advice and get involved in the climate change discussion. There will be a lot of money in … Read more
Jon Schmaderer’s first jobs in banking involved shredding documents and mowing the lawn. By junior high, he’d been promoted to behind-the-counter work with customers. At 36, Scmaderer admits he’s “kind of one-dimensional” since he’s been around banking his whole life. “It intrigued me from the start and fit my personality. I always liked being around … Read more
He says his 15 minutes of fame is winding down, but Michael Solberg will likely never be far from the limelight. As the chief operating officer of State Bank & Trust, headquartered in Fargo, N.D., Solberg has appeared on the CBS Evening News and ABC’s Good Morning America. He’s been interviewed by reporters from the … Read more
“Never, never — in nothing great or small, large or petty — never give in,” Winston Churchill said. Lynn Olson attributes her success to Churchill’s philosophy, which was instilled in her by her mother. “My parents just really taught us about hard work and dedication. It really is the reason why I’m successful now,” Olson … Read more
One question that doesn’t keep the Kout family in Iowa up at night is who will take over the family bank. Bruce Kout, a 2008 NorthWestern Financial Review Rising Star, took the reins to Farmers & Merchants Savings Bank, Iowa City, from his father Don. While few things in life are guaranteed, no one was … Read more
Minnesota bank failsFirst Integrity Bank, N.A., a $54.7 million national bank in Staples, Minn., was closed by the Office of the Comptroller of the Currency on May 30. It was the fourth bank failure of the year and the first in Minnesota since 2000. First International Bank and Trust of Watford City, N.D., is purchasing … Read more