MetaBank changing name to Pathward NA
Sioux Falls, S.D.-based MetaBank announced March 29 that it is changing its name to Pathward NA after Facebook (now Meta) bought exclusive rights to the name. [Continue]
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Forward Bank hires Lindeman as VP
Marshfield, Wis.-based Forward Bank hired Jason Lindeman as vice president/senior ag and commercial loan officer serving the Wisconsin communities of Colby and Abbotsford along with the surrounding area. Lindeman has a Bachelor of Science degree in general business administration from the University of Wisconsin-Stout and completed the Graduate School of Banking in Madison, Wis. “I’m … Read more
Nebraska banks to merge
McCook, Neb.-based MNB Financial Services, Inc., is acquiring The Bank of Doniphan, Neb., and its holding company Doniphan Bancshares, Inc. [Continue]
Bill would create digital Treasury U.S. dollar
A recently unveiled bill would allow the U.S. Treasury to issue a digital version of the dollar. [Continue]
Nordquist stepping down as Wells Fargo Minnesota CEO
Wells Fargo Minnesota CEO Laurie Nordquist is retiring, according to the Minneapolis/St. Paul Business Journal. Her last day in the position will be April 8. Nordquist, Wells Fargo’s lead region president for the Upper Midwest, started her career with the bank in 1990, when it was still Norwest. She was previously the head of the … Read more
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]
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