ICBSD names Megan Olson to replace McCurry as president
“We are very lucky to have Megan join our team” said ICBSD Chairman Hugh Bartels, who is also a director of Reliabank Dakota, Watertown. [Continue]
Print Issue: 2017 - September Edition
Minnesota banks sponsors film screening
Cattail Bancshares, Inc., the holding company for Harvest Bank, Atwater, Minn., and Citizens State Bank of Waverly, Minn., sponsored a private screening of the movie “Abacus: Small Enough to Jail” at the Aug. 10-12 annual convention of the Independent Community Bankers of Minnesota. The showing took place on Aug. 11. [Continue]
Minnesota’s Anchor Bank sells to Indiana-based Old National
Just more than a year after acquiring Wisconsin-based AnchorBank, Old National Bank, Evansville, Ind., has agreed to purchase Anchor Bank, St. Paul, Minn. The acquisition was announced Aug. 8. [Continue]
Winona National Bank holds second fundraising concert of the summer
Winona National Bank, Winona, Minn., recently held its second fundraising concert of the summer. Sales from the July 14 concert totaled $654.75 which was donated to Ready Set School. [Continue]
Wis. flood destroys cash
Flooding in July destroyed all the cash in the vault of a southeastern Wisconsin bank. [Continue]
Mpls Fed official reflects as he transfers to new role
The danger of the status quo; the power of diversity [Continue]
Brightening days for Lakeview Bank
Lakeville bank weathers crisis, growing with service-focused business model [Continue]
South Dakota bank expands in Minnesota
First Bank & Trust, Brookings, S.D., is buying two Minnesota banks operating under one holding company: Peoples Bank of Commerce, and State Bank of New Prague, both owned by the Duke Financial Group, Minneapolis. The $296 million Peoples Bank of Commerce is based in Cambridge and has branches in Princeton, East Bethel, Edina and Roseville. State Bank of New Prague has one location and assets of $112 million. The name of both banks will change to First Bank & Trust. [Continue]
Faster payments: Industry seeks modernization
Why can’t consumers and business managers send and receive payments as easily as they can send and receive email messages?
That’s a question Kevin Christensen has been pondering for some time. Christensen is vice president, risk and financial services, for SHAZAM, the Johnston, Iowa-based electronic funds transfer company. Along with Bob Steen, CEO of Bridge Community Bank, Mechanicsville, Iowa, and Tina Giorgio, president/CEO of ICBA Bancard & TCM Bank, Christensen participated in a panel discussion on payments at the annual convention of the Community Bankers of Iowa in Okoboji on July 21, one day prior to the long awaited release of the final report from the Federal Reserve’s Faster Payments Task Force.
Christensen highlighted the interoperability of the email system. Regardless of the company behind the email – Gmail, AOL, Yahoo and others – users can send and receive messages to and from each other without delay. Christensen said that level of “functional interoperability” is what he is seeking in payments. He said the technology already exists; the hurdles are mainly political. “Transferring payments from one organization to the next can occur easily if we just agree to do it,” he said. [Continue]
Capital plan directs MBT Financial to generously pay dividends
You run a bank. You do well enough that some profits accumulate. Now what? [Continue]