Tammy Malatok joined Michigan-based Sturgis Bank as vice president, mortgage loan originator. Malatok has worked in financial services for more than 30 years. She provides mortgage origination services for both first-time homebuyers and seasoned buyers and handles loans for vacation homes and second homes, investment properties and construction. “I have worked for a number of … Read more
Yankton, S.D.-based First Dakota National Bank recently committed $75,000 to the South Dakota FFA Foundation during a country music concert at the South Dakota State Fair. The funds, committed during an Elle King/Josh Turner concert, will be provided over five years. The commitment came as part of First Dakota’s 150th anniversary. “First Dakota National Bank … Read more
Several credit unions and a trade association recently sued the Minnesota Department of Commerce over a blocked 2021 deal between Royal Credit Union and Lake Area Bank. [Continue]
Community bankers remain pessimistic about the economy as they lack confidence in the ability of the Federal Reserve to avoid an economic slowdown,. [Continue]
Crypto-assets could threaten the stability of the U.S. financial system without regulators enforcing current regulations and being granted more power over the space, according to a recent report from the Financial Stability Oversight Council. [Continue]
Community bankers are most concerned about net interest margins, sluggish economic conditions and loan demand, according to a recent survey. [Continue]
Lincoln, Neb.-based West Gate Bank promoted Kay Bartek to senior vice president, retail banking. Bartek is taking over for Doug Carey who is retiring at the end of 2022 following a 45-year career in the banking industry, including the last 20 years at the $1 billion West Gate where he led the retail banking team. … Read more
Poplar Bluff, Mo.-based Southern Bank has added David McClain to its board. [Continue]
ChoiceOne Bank CEO Kelly Potes received the 2022 Best of Community Banking Award from the Community Bankers of Michigan on Sept. 29 during the association’s convention at Grand Traverse Resort and Spa in Traverse City, Mich. The annual award recognizes the success and contributions of a Michigan banker. Potes, president of the Sparta-based bank from … Read more
Reforms to bank merger guidelines must factor in the modern competitive threats community banks face from credit unions, fintechs and larger banks, according to Federal Reserve Gov. Michelle Bowman. [Continue]