Prominent banking attorney joins Citizens Independent Bank board

Nationally-recognized bank regulatory and M&A attorney Karen Grandstrand recently joined the board of directors of Saint Louis Park, Minn.-based Citizens Independent Bank. Grandstrand chairs the Bank & Finance Group at Minneapolis-based Fredrikson & Byron, P.A., advising clients on examination matters, compliance and enforcement actions, M&As and the recapitalization and acquisition of troubled banks.  Before joining … Read more

Graduate School of Banking promotes Erin Dunn to leadership role

The Graduate School of Banking at the University of Wisconsin-Madison promoted Erin Dunn from administrative assistant to student engagement and outreach coordinator. Dunn joined GSB in June 2014, and is often the initial point of contact for bankers who inquire about GSB online seminars and other programs.  “[Dunn] is an outgoing, people person who does … Read more

Gate City Bank to open a branch in Elk River, Minn.

Fargo, N.D.-based Gate City Bank will open a branch this summer in the northwest Twin Cities suburb of Elk River. The branch, which will share a building with the grocery store chain Coborn’s, is the $3.2 billion bank’s 44th branch in approximately two-dozen communities in North Dakota and Minnesota. The branch’s opening comes on the … Read more

Indiana’s JCBank acquires Vision Financial Group

Seymour, Ind.-based JCBank recently acquired finance and insurance firm Vision Financial Group, Inc.  Also based in Seymour, Vision offers securities through Raymond James Financial Services, Inc. The firm’s three employees, including financial adviser and Practice Owner Tina Tracy, registered sales assistant Beth Veatch and administrative assistant Pam Eakins joined the JCB Investment Services team. The … Read more

One Community Bank promotes Amy Bailey to VP, director role

Oregon, Wis.-based One Community Bank promoted Amy Bailey to vice president and director of treasury management.  Bailey joined the bank in the summer of 2020. She has more than 30 years of financial services experience in retail, commercial and business banking, mortgage and consumer lending and operational and location management. “It’s rewarding being able to … Read more

First National Bank and Trust promotes Chelsea Ballou to bank operations director

Beloit, Wis.-based First National Bank and Trust Co. promoted Chelsea Ballou to executive vice president, director of bank operations. Ballou has nearly 15 years of experience in banking. She graduated from Lewis University, Romeoville, Ill., with a Bachelor of Science degree and received an MBA from Cardinal Stritch University, Milwaukee, in 2011. She is a … Read more

Majority of supply chain managers predicting recession

Sixty percent of Midwest supply chain managers expect a recession will strike this year as January’s business conditions sentiment reached its lowest mark for the start of the year since 2008, according to Creighton University’s Mid-American Economy report.  The index for business conditions, which remained at 47, is at its lowest reading for January since … Read more