First Midwest closing branches
Chicago’s First Midwest Bank is consolidating 17 branches early next year, or about 15 percent of its network. [Continue]
Writer: BankBeat
United Fidelity assumes deposits of Florida bank
First City Bank of Florida, Fort Walton Beach, was closed Oct. 16, and its deposits were assumed by United Fidelity Bank, Evansville, Ind. [Continue]
Central ag states rebound as restaurants continue to struggle
Since falling to a record low in April, the Creighton University Rural Mainstreet Index has increased for six straight months, hitting a level it hasn’t seen since January. The overall index for October climbed above growth neutral 50.0 to 53.2 from September’s 46.9. [Continue]
Indiana bank opens new branch, tweaks name
State Bank, Brownsburg, Ind., is opening a new office in Carmel, Ind., and adjusting its name to reflect its current footprint. [Continue]
Northwest closing Indiana branches
A Pennsylvania bank is closing 11 offices in Indiana as part of a broader network streamlining effort. [Continue]
Stebbins joins Ixonia as CFO
Peggy Stebbins has been hired by Ixonia Bank in Wisconsin as chief financial officer after time with First Business Financial Services in Madison, Wis. [Continue]
Stearns names CCO
Jeff Hanson has joined Stearns Bank, St. Cloud, Minn., as chief credit officer after stints with AgriBank and CoBank. [Continue]
Bremer names diversity, talent acquisition SVP
Colette Campbell is joining Bremer Bank as senior vice president of talent acquisition and diversity, equity and inclusion. In that role, she will be responsible for strategically directing and executing tactics to advance Bremer’s inclusive, equitable and diverse workforce. Previously, she was director of talent acquisition and diversity since 2017, and in her elevated role … Read more
MidCountry donates to vet organization
The PenFed Foundation in Virginia has received a $100,000 donation from MidCountry Bank, Bloomington, Minn., to help it empower military members, veterans and caregivers with financial stability and opportunity. [Continue]
Faces of Compliance & Risk Management: Shield Compliance
Collaboration ensures success with cannabis banking Cannabis banking programs succeed when financial institutions have a solid understanding of how marijuana-related businesses operate. Shield Compliance is enabling that understanding for bankers, and that starts with customer-focused collaboration. Jenna Meyer and Cari Conklin drive that process. According to Meyer, cannabis compliance is similar to portfolio management in … Read more