Covid-19, inflation again sink consumer sentiment
Covid-19 variants and high inflation dropped consumer sentiment near its lowest mark in a decade, according to January’s University of Michigan Survey of Consumers. [Continue]
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ABA committee predicts high inflation into 2023
The American Bankers Association Economic Advisory Committee predicts inflation will move closer to historical norms as supply chain challenges ease but will remain high in 2022. [Continue]
Illinois community banks to merge
Midwest Community Bancshares is buying fellow Southern Illinois community bank holding company Carbondale Investment Corp. [Continue]
Regional banks launch stablecoin consortium
A group of regional banks has launched a consortium to spur the development of the bank-minted stablecoin USDF. [Continue]
Ag lending limited by smaller loans
An influx of smaller loans limited total ag lending dollars at the end of 2021, according to Kansas City Fed economists. [Continue]
Iowa Trust and Savings promotes Scott
Iowa Trust and Savings Bank has promoted Xaviera Scott to assistant vice president of lending. Scott began her banking career with Iowa Trust in October 2014 and was most recently a loan officer. A graduate of the American Institute of Business with a Bachelor of Science degree in business administration, Scott successfully completed Iowa Bankers … Read more
Park Bank promotes 2 to executive VP
Madison, Wis.-based Park Bank promoted Ken Lammersfeld to executive vice president, chief operations officer; and Josh Marron to executive VP, chief banking officer. Lammersfeld joined Park Bank in 2016 as senior VP of retail banking “and has consistently taken on additional responsibilities throughout the organization,” according to the bank. Since 2018, Lammersfeld has facilitated strategic … Read more
Economic growth remains modest
The U.S. expanded “at a modest pace” during the final stages of last year as ongoing supply chain disruptions and labor shortages hampered further growth. [Continue]
Study: Banks should ‘review and innovate’ overdraft policies
Community banks should “review and innovate” overdraft policies and pricing as pressure to do so increases, according to tech and data company Curinos. [Continue]
Despite optimism, bankers concerned about profits, regulation
Community bankers are a little more optimistic about future business conditions than at the end of 2020 but remain concerned over profit and regulatory outlooks. [Continue]