U.S. Bank acquires fintech talech
Minneapolis’ U.S. Bank acquired talech, a Palo Alto-based software company that offers small and medium-sized businesses an integrated point-of-sale system. [Continue]
Writer: BankBeat
McFarland State building donation will house hospital
Wisconsin’s McFarland State Bank is donating a former branch building to Stoughton Hospital. The building and property are valued at over $1.4 million. [Continue]
TS Banking names chief credit officer
Thomas Lilly was named chief credit officer for TS Banking Group, Treynor, Iowa, in early August. He joins the company from the same role at a New Mexico bank. [Continue]
Gate City announces financing deal to support NDSU
Fargo-based Gate City Bank announced a unique financing arrangement for North Dakota State University’s $28 million Aldevron Tower. This in-kind financial commitment is valued at more than $2.5 million. [Continue]
Crown Bank names CFO
Paul Moen has joined Crown Bank, Edina, Minn., as chief financial officer. He has more than 35 years of financial expertise in the banking industry. [Continue]
First Defiance, United Community merging
Two Ohio banking companies are merging: First Defiance Financial Corp is acquiring United Community Financial Corp in an all-stock deal worth $473 million. [Continue]
Bank First names CRO, SVPs
Sue Loken has joined Bank First, Manitowoc, Wis., as chief risk officer., and Dennis Tienor and Jeff Zimmerlee were both promoted to senior vice presidents. [Continue]
Community bank gains out-pace rest of industry; DIF premium credits earned
FDIC figures released Sept. 5 for the second quarter show earnings at the nation’s community banks surpassed year-ago numbers by 8.1 percent, a significantly greater gain than experienced across the entire industry. The nation’s 5,303 banks insured by the FDIC reported net income totaling $62.6 billion in the second quarter, an improvement of $2.5 billion … Read more
Sound Community names SVP of HR
Erin Nicolaus has joined Seattle-based Sound Community Bank as senior vice president, human resources & talent management. [Continue]
Choice commits support to food bank
Fargo-based Choice Financial Group has made a five-year funding commitment to the Great Plains Food Bank that will provide more than 300,000 meals in North Dakota and Minnesota. [Continue]