Economists: Regional economy remains strong
The Midwest economy remains strong despite lingering shortages of workers and workforce housing, according to a pair of recent economic meetings. [Continue]
00 Home Feature – Single
Single featured article at top of home page.
Outstanding Women 2023: Nancy Rosentrater
Rosentrater, Oxford Bank’s chief operating officer, is one of several women honored this month as an “Outstanding Woman in Banking.”
[Continue]
Rising Stars 2023: Randy Dorn
Randy Dorn was thrust into an unforeseen position.
A youth basketball coach since arriving in Battle Lake, Minn., 14 years ago, Dorn accepted an offer to coach the Battle Lake High School varsity boys’ basketball team during the 2021-22 season, following the resignation of the school’s previous coach. [Continue]
Rising Stars 2023: Luke Donnenwerth
Bank Midwest Market President Luke Donnenwerth is being honored as a BankBeat magazine 2023 “Rising Star in Banking.” [Continue]
Rising Stars 2023: Charlie Bauman
In the waning days of 2021, Charlie Bauman was asked to consider the following proposition: Leave his position at a profitable and respected banking organization to join what organizers hoped would soon be the first de novo bank to open in the region in 14 years. [Continue]
Rising Stars 2023: Josh Hogue
For his leadership at Reliabank and beyond, Josh Hogue is being honored by BankBeat magazine as a 2023 “Rising Star in Banking.” [Continue]
Oversized deposit spreads aren’t compensating for undersized volumes
Executives who focus single-mindedly on cost of funds have missed the exit ramp, and it does not bode well for their organizations. With some art and some science, banks can de-commoditize deposits by segmenting deposit offers in more robust and differentiated ways than those deployed decades ago. Improved sales processes — and training for frontline staff that has not been imperative since 2009 — can differentiate a bank and bring in profitable funding, though higher-priced, without the detrimental impact of repricing the entire book with across-the-board rate increases. [Continue]
What banks need to know following Kentucky mass shooting
The April 10 shooting that killed five employees at an Old National Bank branch in Louisville, Ky., shocked banks across the country and raised difficult yet necessary questions of how to recognize the signs of a potential shooter. [Continue]
Iowa-based Lincoln Savings Bank uses measured approach to grow BaaS program
Iowa-based Lincoln Savings Bank’s banking-as-a-service program proves that community banks can successfully build fintech partnerships by properly scaling the offering and hiring experienced risk compliance executives. [Continue]
What recent failures mean for community banking
Community banking experts say the industry remains strong in the wake of the failures of Silicon Valley Bank and Signature Bank. [Continue]