Items with tag will appear in the news ticker at the top of the page
Oregon, Wis.-based One Community Bank is offering $3,000 in scholarships through its 2023 Scholarship Program. The program grants $1,000 scholarships to three graduating high school seniors. Recipients must be in good academic standing and plan to attend either a two- or four-year institution, trade school, technical school or apprenticeship program. Participants must also submit an … Read more
Congress has scrutinized the work of financial regulators for their work in supervising Silicon Valley Bank and Signature Bank. In a March 20 letter, House Committee on Financial Services Chair Patrick McHenry (R-N.C.) and Senate Banking Committee Ranking Member Tim Scott (R-S.C.) requested Federal Reserve Chair Jerome Powell provide a timeline of events of the … Read more
Treasury Secretary Janet Yellen said the government is willing to expand FDIC insurance to regional and community banks in distress. Her comments came March 21 during the American Bankers Association’s Washington Summit, according to the ABA Banking Journal. [Continue]
Central Illinois-based First Mid Bancshares, Inc., is acquiring Beloit, Wis.-based Blackhawk Bancorp, Inc., in a $90 million, all-stock deal. [Continue]
In times of volatility, it is critical to know how to interpret aggregated cost of funds data and correctly understand the pricing marketplace today. You may be familiar with Mark Twain’s opinion of statistics — “There are three kinds of lies: Lies, damned lies and statistics.” [Continue]
Merrillville, Ind.-based Centier Bank donated $2,500 to the Fay Biccard Glick Neighborhood Center. The Indianapolis-based facility provides assistance by offering basic needs and financial education in neighborhoods deemed ethnically and socio-economically diverse. The donation is expected to directly fund a homeownership program that helps clients looking to buy a home by providing credit reports, credit … Read more
Green Bay, Wis.-based Associated Bank hired Peter Malmstrom as senior vice president and regional senior credit officer. Malmstrom, who is based in St. Paul, has more than 20 years of banking experience. “Most recently, he held the position of chief credit officer at a local community bank in Minneapolis,” the bank stated. “Prior to that, … Read more
Iowa-based Northwest Bank donated $50,000 to Humboldt Community School District for a new multi-purpose athletic training facility. The addition, expected to be completed in September, will include a practice gym, weight room, turf area and additional space for wrestling. Humboldt Superintendent Jim Murray accepted the donation on behalf of the school district. “Northwest Bank is … Read more
The Midwestern economy slowed in March after hovering around growth-neutral for the last three months, according to Creighton University’s Rural Mainstreet Survey. [Continue]
Wisconsin-based Port Washington State Bank named Joe Loebl vice president and bank secrecy officer. Loebl has 17 years of experience in financial services, including 13 as a Bank Secrecy Act and Anti-Money Laundering compliance professional. Loebl has a Bachelor of Arts degree from Denison University, Granville, Ohio. Loebl, who is certified by the Association of … Read more