PNC supports IRS tax prep program
PNC Bank, Pittsburgh, will again support the Internal Revenue Service’s Volunteer Income Tax Assistance (VITA) program, which provides free tax assistance to low- and moderate-income taxpayers. [Continue]
Editor’s Picks
Michigan banks to merge
Eaton Federal Savings Bank, Charlotte, Mich., and SSBBank, Stockbridge, Mich., have agreed to merge. The deal, expected to be completed in the second quarter, is subject to regulatory approval and the approval of Stockbridge Bancorporation’s shareholders. Stockbridge Bancorporation is the holding company for SSBBank. [Continue]
Net lending up at Wisconsin banks
Net lending at Wisconsin’s state-chartered banks grew by nearly 10 percent in 2017 according to data released by the Wisconsin Department of Financial Institutions. [Continue]
Futurist jars bankers with ideas about tomorrow’s customers
The future is an invitation to think in an entirely new way, commented Mike Walsh, a futurist who made a dramatic presentation Feb 27 at the National Conference for Community Bankers hosted by the American Bankers Association in Honolulu. Walsh encouraged bankers to “Think big, think new, think quick,” as he declared, “The future is now.” [Continue]
Net income slips at community banks in fourth quarter
Net income for the nation’s community banks dropped 14.2 percent in the fourth quarter of 2017, to $4.1 billion, down $681 million from fourth quarter 2016. A reduction in corporate tax rates under the new tax law prompted one-time write-downs on deferred tax assets, which contributed to a $1.8 billion increase in income tax expense compared with the same period last year, according to the FDIC. [Continue]
Michigan DIFS places Ukrainian Future CU into conservatorship
The Michigan Department of Insurance and Financial Services placed the Ukrainian Future Credit Union, Warren, Mich., into conservatorship and appointed the National Credit Union Administration as conservator on Feb. 23. [Continue]
Blackhawk Bank celebrates branch opening in Janesville, Wis.
Bankers cut the ceremonial red and Ben Franklin-studded ribbon at the grand opening of Blackhawk Bank’s Janesville, Wis., location late January. Janesville’s Economic Director declared the day “Blackhawk Bank Day,” honoring the bank’s ongoing commitment to the community. [Continue]
UFMD: A way to build industry connections and support charity
It’s not often that bank and credit union executives break bread together. One might question whether it’s even a good idea to put them in the same room. But come together they did, more than forty of them along with a dozen representatives of the vendor community, for the February kickoff of United Financials Making a Difference. [Continue]
Wisconsin’s Grand Marsh to merge with Oregon Community Bank
Oregon Community Bank, Oregon, Wis., announced Feb. 17 its plans to merge with Grand Marsh State Bank, Grand Marsh, Wis. When the merger is complete, Grand Marsh State Bank, with two locations operating roughly an one hour’s drive north of Madison, will be renamed Adams Community Bank. [Continue]
First National Bank of Omaha drops NRA branded Visa card
First National Bank of Omaha, Neb., announced Feb. 22 it will no longer issue an NRA branded Visa card. The company declined to say when its contract with the NRA expired, but said it would not renew its licensing agreement at that time. “Customer feedback has caused us to review our relationship with the NRA. … Read more