BaaS will be worth $7 trillion by 2030, survey says
Banking-as-a-service will be a $7 trillion industry by 2030, according to a report from the core technology provider Finastra. [Continue]
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FDIC seeking information on bank mergers
The FDIC is seeking public comment on current bank merger policies, a strong signal that regulators are interested in more closely scrutinizing M&A activity. [Continue]
Mississippi law would halt bank-CU mergers
A new Mississippi law signed by Gov. Tate Reeves effectively bans bank-credit union mergers within the state. [Continue]
WaterStone Bank hires 2 VPs
Wauwatosa, Wis.-based WaterStone Bank hired Michael Danielson as vice president of business banking and Nicole DeAngelis as VP, director of loan servicing. Danielson has 16 years of experience in business banking, most recently at Waukesha State Bank. He originated nearly 600 Paycheck Protection Program loans from 2020-21. DeAngelis has more than 20 years of experience … Read more
Burns promoted to EVP at Midwest BankCentre
St. Louis-based Midwest BankCentre promoted Wes Burns to executive vice president of community and economic development. Burns has led the community and economic development team as senior VP for the past year. Midwest BankCentre has committed $200 million for CED loans over five years to revitalize the St. Louis region and grown its team with … Read more
Range Bank promotes 8 employees
Marquette, Mich.-based Range Bank promoted eight employees to executive roles, including Benjamin Wood to executive vice president; Rachel Simonsen to chief operations officer; Angie Knauss to senior VP, mortgage loan officer; Chris Gobert to VP, mortgage loan officer; and Brian Syrjala to chief home mortgage officer. The bank also promoted Christy Smith to mortgage loan … Read more
Northwest Bank opens new Ames office
Iowa-based Northwest Bank announced March 14 that it opened a new facility in Ames. The $2.2 billion, Spencer-based bank, a division of Northwest Financial Corp., offers full banking services, including a drive-up, along with ATM and live banker ATMS. “We are excited to open the doors to our new facility in the Ames community,” said … Read more
Bank commits $50,000 to financial literacy program
The Lincoln Savings Bank Foundation has committed $50,000 to a financial literacy program at the University of Northern Iowa, Cedar Falls. The program, Financial Skills for Smart Living, is intended to allow high school students the chance to earn college credit while gaining knowledge of personal finance basics. According to the foundation, that’s similar to … Read more
Fidelity Bank & Trust offering $14,500 in scholarships
Dubuque, Iowa-based Fidelity Bank & Trust is offering $14,500 in scholarships this year to high school seniors as part of its annual scholarship program. This year, 29 $500 scholarships will be given to area high school seniors who plan to attend either a two- or four-year college or vocational school. Scholarships are being awarded based … Read more
JCBank to open new banking center
Greenwood, Ind.-based JCBank plans to open a new banking center later this year in the city. The location is the bank’s 12th center in south central Indiana and the fourth to open since 2017. The nearly 4,800-square-foot building will also include space for commercial and mortgage lending and wealth management services. “We are excited about … Read more