Nearly half of the community banks intentionally reach out to serve consumer groups in underserved markets or those who may bank outside of the financial mainstream of a federally insured depository institution. [Continue]
The Independent Community Bankers of Minnesota has developed a new logo and brand, as it prepares to meet for its annual convention, August 7-10 in Alexandria. [Continue]
Fed Chairman gloomy on economic outlookFederal Reserve Chairman Ben Bernanke gave lawmakers a gloomy economic forecast for the remainder of the year in July 15 testimony before the Senate Banking Committee. “The economy continues to face numerous difficulties, including ongoing strains in financial markets, declining house prices, a softening labor market, and rising prices of … Read more
Rosenbrook joins American National BankAfter 22 years with Norwest and Wells Fargo, Troy Rosenbrook has joined American Bank of St. Paul, Minn., as senior vice president and director of commercial banking. He took up his new post at the $612 million bank in April. American Bank President John Kimball courted Rosenbrook over a period of months … Read more
Leadership changes at Elk River bankEdmund Babcock has retired as chairman of the board of The Bank of Elk River, Minn., a bank founded by his great grandfather in 1885. Babcock, 85, will remain on the bank’s board. The attorney had been chairman since 1979.Babcock retired from the chairmanship on July 1 and the Elk River … Read more
Wisconsin bank eyes greater Milwaukee, S.D. family-owned banks combine and Illinois holding company adjusts for net loss. [Continue]
Shari Weber, the president and CEO of the Community Bankers Association of Kansas, has filed to run for state senate. [Continue]
Faegre & Benson, one of the nation’s largest law firms, has combined expertise from its securities practice and financial services practice to form a new specialty group called the Financial Services Litigation Team. [Continue]
Is ethanol a boon or drain on our economy? [Continue]
Continued stress in the housing market combined with general weakness in the overall economy contributed to an increase in the delinquency rates for home equity lines of credit and bank cards during the first quarter of 2008. [Continue]