Ames, Iowa, banker honored with Leach Award
Tom Pohlman has been selected as the 2024 recipient of the James A. Leach Leadership Award, presented by the Iowa Bankers Association at its annual convention on Sept. 16.
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More banks are adopting FedNow
Bankers and industry experts see FedNow as an expanding service with room to grow 14 months after it launched. [Continue]
Clarkson targets regulation, rural credit access as SDBA chair
Dylan Clarkson, President and CEO of Pioneer Bank & Trust in Spearfish, S.D., was recently named chair of the South Dakota Bankers Association. [Continue]
Farren strives to mold UMACHA to meet members’ needs
Though she’s been involved with the Upper Midwest Automated Clearing House Association for 16 of the organization’s 50 years, President and CEO Angi Farren has stood at the helm only for the last five. [Continue]
Community bank income grows amid interest income rise
FDIC-insured community banks made $6.4 billion in net income in the second quarter, a 1.1 percent or $72.6 million increase from the previous quarter, according to the Quarterly Bank Profile. [Continue]
BankIn Minnesota’s new chair looks to educate
BankBeat recently interviewed Tiffany Baer Paine, president and co-CEO of Security Bank USA in Bemidji, Minn., who was recently named chair of BankIn Minnesota. [Continue]
Iowa Bankers Association names Lt. Gov. Gregg president, CEO
The Iowa Bankers Association named former Iowa Lt. Gov. Adam Gregg president and CEO. [Continue]
Speaker: Pace of interest rate cuts will beat projections
The Federal Reserve will likely need to reduce interest rates at a faster pace than policymakers expect, said BHG Financial Chair and CEO Al Crawford on Aug. 27 during a regional company conference at the Lofton Hotel in downtown Minneapolis. [Continue]
Powell calls for September interest rate cut
Federal Reserve Chair Jerome Powell supports an interest rate cut during next month’s Federal Open Market Committee meeting. [Continue]
Former CEO of failed Kansas bank sentenced to 24 years in prison
Former Heartland Tri-State Bank CEO Shan Hanes was sentenced to more than 24 years in prison for embezzling $47.1 million from the Kansas bank. [Continue]