Reforms to bank merger guidelines must factor in the modern competitive threats community banks face from credit unions, fintechs and larger banks, according to Federal Reserve Gov. Michelle Bowman. [Continue]
Altoona, Wis.-based Citizens Community Federal National Association appointed Bill Bertrand to its board of directors. Bertrand is the president and owner of One Automotive Group which owns the local Mazda, Honda, Hyundai, Volkswagen and Audi dealerships. “We are pleased to add [Bertrand] as a director to our bank board as we expand our community outreach … Read more
The Wisconsin Bankers Association hired Kelly Hageman, Cindy Thoennes and Donny Wilson to its subsidiaries. Hageman joined the association’s Employee Benefits Corporation as account administrator. Hageman previously worked for the Wisconsin Association of Independent Colleges and Universities and has experience in employee benefits with an emphasis on promoting corporate wellness. He graduated from the University … Read more
Michael Wilson was appointed executive vice president of innovation and corporate services for Iowa-based Ames National Corporation. Wilson has served as the chief lending officer of a central Iowa bank and managed a commercial agribusiness team for a national insurer. He began his banking career as a commercial lender in the Des Moines market. Wilson, … Read more
Oconomowoc, Wis.-based Bank Five Nine hired Tim Schneider as its next president and CEO. Schneider will join the organization in October as the $1.5 billion bank’s current president and CEO, Mark Mohr, prepares to retire early next year. An experienced Wisconsin community banker, Schneider was most recently senior vice president at Green Bay, Wis.-based Nicolet … Read more
The American Bankers Association will recognize Nebraska attorney Steven Turner as the recipient of its Blanchfield Award. The award, given in recognition of John Blanchfield, former ABA senior vice president of its Center for Agricultural and Rural Banking, recognizes the work of a non-banker who significantly contributed to agricultural lending. Turner, an attorney focusing on … Read more
The OCC issued a $6 million civil penalty against Southfield, Mich.-based Sterling Bancorp over fraudulent mortgages issued by its employees. [Continue]
Prominent Minnesota banking leader and philanthropist David Cleveland died Sept. 17 at his home in Sarona, Wis., at the age of 89. [Continue]
Elko New Market, Minn.-based New Market Bank hired RJ Cetnarowski as vice president of commercial lending. Cetnarowski has nearly a decade of banking experience. He previously worked at Minnesota’s Vermillion State Bank for five years as a commercial banker, risk manager and internal auditor. He was an examiner for the North Dakota Department of Financial … Read more
Dorothy Bridges was recently named interim president and CEO of the Minneapolis-based, equity-focused Metropolitan Economic Development Association. Bridges brings more than 40 years of banking experience to Meda, much of it focused on commercial and community development lending in minority, small business and development markets. Founded in 1971, Meda aims to support the success of … Read more