U.S. Bank hires head of AI
U.S. Bank, Minneapolis, hired Tanushree Luke to lead artificial intelligence efforts at the company, where she will drive tech development within the bank’s innovation group and overall AI strategies. [Continue]
Writer: Anna Cushing
FinLit program spreads change throughout Upper Midwest
TS Institute, the non-profit arm of TS Bank, Treynor, Iowa, dedicated to financial literacy, celebrates its 10th anniversary this year by taking stock of its community impact. [Continue]
Illinois banks to merge
Tri-County Financial Group, Mendota, Ill., holding company to First State Bank, agreed to acquire H.F. Gehant Bancorp, Inc., Brooklyn, Ill., the holding company for H.F. Gehant Banking Co. [Continue]
Wisconsin banker joins USDA ag committee,
Tony Gudajtes of Choice Bank, Oshkosh, Wis., has begun his two-year term on the USDA Beginning Farmers and Ranchers Advisory Committee. [Continue]
Pennsylvania bank expands to Midwest by acquisition
Northwest Bancshares Inc., Warren, Pa., will acquire MutualFirst Financial, Muncie, Ind., the holding company parent of Mutual Bank. [Continue]
Battle for Bremer ensues
The Otto Bremer Trust, which owns 92 percent of Bremer Financial Corp., announced Monday its intention to sell the corporation. The transaction, said Co-CEO and Otto Bremer Trustee Daniel Reardon in a statement, would increase philanthropic reach in surrounding states. [Continue]
Regulators close Ohio bank
Regulators shuttered Resolute Bank, Maumee, Ohio, after finding that the bank had experienced substantial dissipation of assets and earnings. [Continue]
Farm lending is strong, but confidence droops, survey says
The October Rural Mainstreet Index climbed above 50, indicating expansion, to 51.4, which is the highest it’s been since June. [Continue]
Minnesota, Michigan banks appoint board members
Independent Bank, Grand Rapids, Mich., named Ronia Kruse to its board, and Pine Country Bank, Little Falls, Minn., named Rosi Przybilla to its board. [Continue]
Mortgage company and clients donate millions to community
Since 2007, Alerus Mortgage in Grand Forks, N.D., has donated more than $3 million to charities that focus on fighting hunger, childhood education, homelessness and affordable housing. [Continue]