Chicagoland CU buying local bank
Elgin, Ill.-based Corporate America Family Credit Union is buying Ben Franklin Financial, Inc., and its subsidiary Ben Franklin Bank of Illinois in Arlington Heights. [Continue]
Writer: BankBeat
WaterStone to open new branches
Wisconsin’s WaterStone Bank is adding a pair of branches in the Milwaukee market later this year in Oak Creek and West Allis. [Continue]
CorTrust CEO named to ICBA Securities board
Jack Hopkins, president and CEO of Sioux Falls-based CorTrust Bank, has been named to the board of ICBA Securities Inc., the broker-dealer subsidiary of the Independent Community Bankers of America. [Continue]
Fidelity buys factoring firm
Minnesota’s Fidelity Bank has agreed to purchase a local factoring services firm working in the Midwest. [Continue]
McFarland bank hires CFO
Shauna Gnorski has joined McFarland State Bank, McFarland, Wis., as its chief financial officer. [Continue]
Molepske named chair of UFS
Wisconsin banker Mike Molepske has been named chair of the board at UFS, LLC, a purpose built technology provider to community banks. [Continue]
North Dakota banks will merge
Westbrand, Inc., based in Minot, N.D., is set to acquire BlackRidgeBANK in Fargo, N.D., later this year for an undisclosed amount. [Continue]
First Midwest adding Quad Cities branch
Chicago’s First Midwest is adding a branch in Davenport, Iowa. Start of construction on the office will be marked by a groundbreaking ceremony. [Continue]
Brad Ray to lead Security Savings
Security Savings Bancorp, Inc., and Security Savings Bank, of Monmouth, Illinois, announced that Brad Ray has been named as their next president. [Continue]
Duluth area banks merging
National Bank of Commerce in Superior, Wis., is buying Republic Bank in Duluth. Founded in 1974, Republic Bank has $418 million in assets and six offices. [Continue]