Waterloo, Iowa-based Veridian Credit Union is entering Minnesota by acquiring Eden Prairie-based American Investors Bank and Mortgage. The deal, announced Dec. 6 in a press release, is expected to close next summer. The price of the deal has not been disclosed. Founded in 1934 as John Deere Employees Credit Union by a few employees of … Read more
Brookfield, Wis.-based North Shore Bank is collecting coins in its annual “Change for a Cure” matching donation initiative to benefit the cancer research organization Midwest Athletes Against Childhood Cancer, Inc. The program lasts until Christmas at Wisconsin North Shore Bank offices.“Throughout the state, anyone who stops at a bank office will be able to count … Read more
Oregon, Wis.-based One Community Bank hired Melinda Gnorski as vice president of commercial credit underwriting. A banker with two decades of experience, Gnorski has 15 years of work in underwriting and managing commercial real estate relationships. She is a Credit Risk Certified Associate Member of the Risk Management Association. “I am excited to bring my … Read more
A majority of consumers prioritize quality fraud protection programs before opening bank accounts, according to a recent FICO survey. Thirty-three percent prioritize fraud protection, according to the survey, which included responses from more than 14,000 consumers in 14 countries. Thirty-one percent cited ease of use as their top consideration. Sixteen percent prioritize receiving “good value … Read more
Consumer credit conditions remained strong in the second quarter of this year as numbers continued to revert to pre-pandemic averages, according to the American Bankers Association’s second quarter Credit Card Market Monitor. The total number of accounts opened increased 5 percent on an annualized basis, bringing the number of open accounts higher than at the … Read more
U.S. economic activity was limited in recent weeks as interest rates and inflation continued to limit growth, according to the Federal Reserve’s Nov. 30 Beige Book. [Continue]
Wisconsin-based Waukesha State Bank awarded 20 $1,000 scholarships to incoming first-year students at Carroll University, Waukesha. The scholarship program started in 1996 to support Carroll University students who are from Waukesha County. The scholarships are awarded “based on extracurricular activities, community service and job experience,” the bank states. The program has impacted more than 480 … Read more
Illinois-based Morton Community Bank is acquiring Springfield, Ill.-based Marine Bank. The merger is expected to close in the second quarter of next year. Morton Community Bank will grow to a $5.7 billion bank and add 11 branches to its footprint. The acquisition continues the bank’s recent growth. Two years ago, Morton Community Bank acquired several … Read more
Jefferson City, Mo..-based Midwest Independent Bancshares, Inc., hired Vernon Kempker as chief financial officer. Kempker has more than 30 years of experience in finance and accounting with large corporations. He has Bachelor of Science degrees in accounting and business administration from Lincoln University, Jefferson City, Mo. He has an MBA from William Woods University, Fulton … Read more
Merrillville, Ind.-based Centier Bank promoted Yolanda Estrada to vice president, processing and underwriting manager. Estrada has spent nearly a decade in the mortgage industry at other community banks. She joined Centier Bank in 2012 as a mortgage loan processor and has since moved into underwriting and processing. An Accredited Mortgage Professional, Estrada graduated from the … Read more