Bank CEOS optimistic about farm economy
Bank CEOs in the central states are optimistic about the farm economy but expect declines in corn and soybean prices over the next six months. [Continue]
Writer: BankBeat
State Bank promotes Grady to VP
Brownsburg, Ind.-based State Bank has promoted Michelle Grady to vice president. Grady, who has more than 25 years of banking, lending and leadership experience, serves as a mortgage loan officer serving customers in the bank’s Carmel, Zionsville, Lebanon, Avon and Plainfield, Ind., markets. She’s been with State Bank for two years. A $711 million community … Read more
Farm prices see rapid increase in Kansas City Fed region
Farmland prices continued to rapidly increase through the end of last year, according to a Kansas City Fed report. [Continue]
Sterling Bancorp continues turnaround, agrees to CRE loan sale
Southfield, Mich.-based Sterling Bancorp, Inc., has entered into an agreement with an unnamed third-party purchaser to sell a pool of its CRE loans. [Continue]
Ritzert named First National Bank and Trust EVP, CFO
Jerry Ritzert has joined Beloit, Wis.-based First National Bank and Trust Co. as its executive vice president and chief financial officer. Ritzert joins FNBT with 20 years of experience in banking, most recently as CFO of Pittsburgh-based Dollar Bank. Prior to that, he worked as a corporate controller for Warren, Pa.-based Northwest Bancshares. Ritzert, a … Read more
Bankers expect rising funding costs, still optimistic
Bankers are preparing for an increase in funding costs this year as the Federal Reserve accelerates tapering and raises interest rates. [Continue]
First Resource Bank promotes Seidel to senior VP
Minneapolis-based First Resource Bank has promoted Justine Seidel to senior vice president-commercial banking. Seidel has more than a decade of banking experience. She’s been with the bank since 2014 where she’s held the positions of credit analyst, loan operations specialist and VP-commercial banking. “Justine has played a key role in our growth,” said First Resource … Read more
Peoples Bank acquiring Minnesota equipment financing company
Ohio’s Peoples Bank is acquiring Excelsior, Minn.-based equipment financing company Vantage Financial for $54 million. [Continue]
Longview Capital to acquire The Farmers Bank of Mt. Pulaski
Newman, Ill.-based bank holding company Longview Capital Corp., is buying The Farmers Bank of Mt. Pulaski, Ill. [Continue]
Crypto market could threaten financial stability, FSB says
The rapid growth of crypt-asset markets could eventually threaten global financial stability, the Financial Stability Board said. [Continue]