Manufacturing economy strong as inflation declines
The Midwest manufacturing industry continues to grow as inflation and supply chain shortages lessen, according to Creighton University’s October Mid-American Economy report. [Continue]
The Midwest manufacturing industry continues to grow as inflation and supply chain shortages lessen, according to Creighton University’s October Mid-American Economy report. [Continue]
Tenth District manufacturing and expectations for future activity both decreased in October, according to a Federal Reserve Bank of Kansas City report. [Continue]
Marshfield, Wis.-based Prevail Bank donated $2,500 to Santa’s Elves Foundation to support the purchase of Christmas toys and clothing for local underserved children and a trailer to serve the foundation’s distribution center. The donation to the local nonprofit came through the $920 million bank’s Charitable Contribution program, which is available for local nonprofits that help … Read more
St. Paul-based Bremer Bank recently hosted a ribbon-cutting ceremony to mark the opening of a branch in Minot, N.D. The 7,500-square-foot branch, which opened earlier this year, combines the bank’s two existing Minot branches into one location. The bank’s other branch in Minot remains open to drive-thru or walk-up customers. The space includes workstations for … Read more
Terre Haute, Ind.-based First Financial Bank N.A., will close seven branches early next year. [Continue]
Southwest Michigan-based Sturgis Bank opened a loan center last week. The loan center, in Battle Creek, Mich., is led by mortgage lenders Mike Mankerian and Michelle Kappen, both bankers with extensive local experience. Mankerian, a mortgage loan originator and vice president, joined the $782 million bank in August 2021. He has more than 25 years … Read more
Most bank executives continue to doubt the Federal Reserve’s ability to avoid a recession, according to a recent IntraFi survey. [Continue]
A record 96 percent of U.S. households were banked last year, according to the FDIC’s 2021 National Survey of Unbanked and Underbanked Households. [Continue]
Jay Schroeder joined Frankfort, Ind.-based Farmers Bank as senior vice president of people and culture. Schroeder has nearly three decades of experience in human resources. Prior to joining the $800 million Farmers Bank, Schroeder was most recently the director of HR at Carmel, Ind.-based Byrider Systems LLC. Schroeder received his Bachelor of Business Administration and … Read more
Madison, Wis.-based Bankers’ Bank hired a vice president and promoted two more to senior vice president positions. Bankers’ Bank hired Brian Mickey as first vice president, risk management solutions; and promoted David Paxton to senior vice president, risk management solutions and Jim Kluck to first vice president, risk management solutions. Mickey has three decades of … Read more