Richard named vice chair, CRO at U.S. Bank
Jodi Richard will become the new vice chairman and chief risk officer at U.S. Bank, succeeding P.W. (Bill) Parker, who previously announced his intention to retire this fall. [Continue]
More News
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Reciprocal deposits hot again, thanks to reg reform
With funding challenges becoming pervasive for community bankers, a provision inside of recently passed reg relief is prompting renewed enthusiasm for reciprocal deposits. [Continue]
Cybersecurity expert: Compliance doesn’t equal security
With bitcoin being the currency of choice for cyber criminals, perhaps the time has come for community bankers to set up a bitcoin account and keep a small balance of bitcoin on hand to pay ransom. [Continue]
Iowa banks will merge
Farmers Savings Bank in Victor and Keystone Savings Bank in Marengo will merge later this year. [Continue]
Peoples announces new Washington lenders
Bellingham, Wash.-based Peoples Bank announced a slate of new lenders at its Washington branches in Snohomish and Whatcom counties. [Continue]
Michigan CUs join to form trust bank
Seven credit unions in Michigan have joined forces to create a limited-purpose trust bank, the first of its kind in the state, sparking objections from bankers. [Continue]
Wisconsin bank partners with local college for higher purpose
Community State Bank, Union Grove, Wis., resurrected its Union Grove office on July 23 with a sweet addition, Shepherds Community Cafe. [Continue]
Cleveland Fed names Kaglic Cincinnati head
Rick Kaglic replaces Gary Wagner as vice president and senior regional officer of the Cincinnati branch of the Federal Reserve Bank of Cleveland. [Continue]
Wintrust acquiring American Enterprise Bank
The Rosemount, Ill.-based Wintrust will acquire substantially all of AEB’s loans, investment securities and customer deposits, as well as specified OREO properties, through its subsidiary Northbrook Bank & Trust Company, Northbrook, Ill. [Continue]
NorthWest Indiana Bancorp to acquire Illinois bank
Munster-based NorthWest Indiana Bancorp will acquire AJS Bancorp, Inc., Midlothian, Ill., in a stock and cash transaction worth $34.6 million. [Continue]