Former banking leader dies at 88
Richard Doolittle, former banking leader, died on Sunday, May 23, 2021, in Menomonee Falls, Wis., at the age of 88. [Continue]
Richard Doolittle, former banking leader, died on Sunday, May 23, 2021, in Menomonee Falls, Wis., at the age of 88. [Continue]
Nicolet Bankshares, Inc., Green Bay, Wis., announced it will merge with County Bancorp., Manitowoc, Wis. In the $219 million deal — 80 percent stock, 20 percent cash — Nicolet National Bank, the $4.5 billion bank’s subsidiary, will acquire County Bancorp’s $1.5 billion Investors Community Bank. Based on financial records from March, the combined company will have $7.5 billion in assets. [Continue]
In the past decade, Decorah Bank & Trust has reduced its carbon footprint to zero, down from 814 metric tons, and the bank has a majority market share in its northeast Iowa community, which prioritizes solar energy. In fact, the Decorah community is developing a reputation as the state’s solar power capitol. “As a community banker, the Decorah area is a wonderful, vibrant community,” said Ben Grimstad, president and CEO of Decorah Bank & Trust. “But we’re not growing the population.” [Continue]
Jason MacDuff, the fervent leader and vice president of Greenpenny Bank, moved to California from Decorah, Iowa, when he was 2 years old. Navigating the effects of pollution became a normal aspect of MacDuff’s life. He has vivid memories of days, bereft of wind and agitated by heat, when dangerous smog ignited community-wide “Spare the Air” days. [Continue]
The FDIC board voted not to raise deposit insurance assessments on banks in order to recapitalize its insurance fund. [Continue]
The Wisconsin Department of Financial Institutions reminded the community to be on guard for signs of exploitation, including that potentially by legal guardians. [Continue]
The Wisconsin Bankers Association honored twelve current and former bankers for their achievements in community service and civic engagement. [Continue]
Independent Bank, Grand Rapids, Mich., was recognized in May for having three or more women on its corporate board of directors. [Continue]
Midland States Bancorp, Inc., Effingham, Ill., announced its acquisition of ATG Trust Company, Chicago. [Continue]
The Illinois Bank & Trust, subsidiary of Heartland Financial USA, Inc., Dubuque, Iowa, is buying the building previously occupied by the Galena Gazette for its Galena, Ill., location. [Continue]