Bill would make small-dollar crypto transactions tax-free
A recently unveiled Senate bill would eliminate taxes on small-dollar digital currency transactions. [Continue]
Writer: BankBeat
BankFirst acquiring Hometown Bancorp
Manitowoc, Wis.-based Bank First Corporation is acquiring Fond du Lac, Wis.-based Hometown Bancorp, Ltd., for $124 million. [Continue]
National Bank Holdings buying Utah bank
Denver-based National Bank Holdings Corp. announced July 21 that it secured all regulatory approvals to buy the Provo, Utah-based Rock Canyon Bank. [Continue]
Senate bill would lift cannabis ban
Senate Democrats introduced a bill last week that would lift the federal ban on cannabis and remove the drug from the federal list of controlled substances. [Continue]
FDIC report assesses impact of manufacturing
Community banks in states that rely heavily on manufacturing allocate a higher share of commercial loans than banks in other states, according to an FDIC quarterly report. [Continue]
CFPB: Overdraft revenue rebounded at small banks early this year
Small and midsize banks collected 20 to 25 percent less in overdraft/NSF fees in 2021 than in 2019, according to a recent CFPB blog post. [Continue]
Bank CEO expectations fall as input costs rise
Creighton University’s Rural Mainstreet Index fell for the fourth straight month in July as rising input costs hamper bank CEO expectations. [Continue]
Alerus Financial announces executive leadership changes
Grand Forks, N.D.-based Alerus Financial Corporation announced changes to its executive leadership team as part of a management succession plan. Chief Shared Services Officer Ann McConn will retire in early January and transition her tasks to Missy Keney as chief engagement officer and executive vice president and Jon Hendry as chief technology officer and EVP. … Read more
Considering ‘brand’ as a recruitment and retention tool
Bankers often think of the word “brand” in terms of customer acquisition, but when competition for talent is fierce, should recruitment branding be on their radar? Job seekers are increasingly turning to social media when looking for their next position. What can community banks do to stand out as employers of choice through deployment of their brand? [Continue]
Banks not expecting mass disruptions from crypto products
Two-thirds of banks aren’t prioritizing distributed ledger technology and crypto-related products, a Fed survey showed. [Continue]