Bell Bank parent selling discovery benefits
State Bankshares, the parent company of Fargo, N.D-based Bell Bank, announced Jan. 17 it signed an agreement to sell its subsidiary, Discovery Benefits. [Continue]
Writer: BankBeat
Old National CEO is retiring
Bob Jones is retiring as CEO of Indiana’s Old National after more than 14 years with the company and almost 40 years in banking. He will be replaced by Chief Financial Officer Jim Ryan, who has held the position for three years. The transition is slated for May. [Continue]
Frandsen to acquire Alerus office in Duluth, Minn.
Frandsen Bank & Trust plans to purchase a Duluth, Minn., branch from Alerus Financial, N.A. Richard Hoban, director of corporate development at the Arden Hills-Minn.-based Frandsen Financial, made the announcement Jan. 15. [Continue]
Michigan gets new banking director
Anita Fox began her tenure as the director of the Michigan Department of Insurance and Financial Services on Monday. Fox was appointed by Gov. Gretchen Whitmer on Dec. 27, 2018. [Continue]
Heartland subsidiaries part with loan portfolio
Citizens Finance Co. and Citizens Finance of Illinois Co., have completed the sale of their existing loan portfolios totaling approximately $70 million to American Credit Acceptance, LLC, Spartanburg, S.C. [Continue]
Bryan to lead Farmers Trust
Farmers Trust and Savings Bank, Spencer, Iowa, named Mike Bryan its new president. He takes on the role from retiring David Woodcock. [Continue]
Iowa Trust names new president/CEO
Renate Deininger has been appointed president and CEO of Iowa Trust and Savings Bank, Centerville. [Continue]
WaterStone launches program for first responders
Wisconsin’s WaterStone Bank is launching an add-on program for checking accounts exclusively for first responders. [Continue]
ChoiceOne builds Tree of Hope
Employees in ChoiceOne’s main office and loan operations department, both in Sparta, Mich., collected more than 100 gifts to deliver to a local nonprofit. [Continue]
Indiana’s First Financial to acquire Kentucky bank
First Financial Corporation and HopFed Bancorp, Inc., announced that HFBC will merge into First Financial in a cash and stock deal worth $128.3 million. [Continue]