Bridgewater Bank names Grotbo senior VP
“Tom is an excellent addition to our expanding team of commercial lenders serving the Twin Cities,” said Nick Place, chief lending officer at Bridgewater Bank. [Continue]
Writer: BankBeat
OCC: Community banks well financially, facing reg hurdles
Community banks are doing well but still face numerous risks, according to the Semiannual Risk Perspective Report released by the OCC. [Continue]
Lincoln Savings Bank names Peek chief risk officer
“My goal is to bring a proactive and innovative approach to risk management at LSB,” Peek said. [Continue]
First Bank of Berne donates $5,000 for trail
The trail has been a long-term goal for Bluffton for more than the last decade. [Continue]
Cleveland Fed: Initial PPP funding saved jobs, eased recession
Paycheck Protection Program funding eased job losses and reduced adverse economic impacts from the Covid-19 pandemic, according to recent Fed research. [Continue]
Bank Earnings (Midwest) for 3Q2021
Ames National Corporation, Ames, Iowa, reported third quarter earnings of $6.7 million or 74 cents per share compared to… [Continue]
FHLB Earnings for 3Q2021
The Federal Home Loan Bank of Chicago reported third quarter earnings of $77 million compared to… [Continue]
Credit union shares, deposits increase nearly 15 percent in 3Q
Total assets in federally-insured credit unions increased nearly 13 percent in 3Q 2021 to more than $2 trillion. [Continue]
St. Louis Fed president supports ending accommodative policy
Federal Reserve Bank of St. Louis President James Bullard has announced his support for ending the Fed’s accommodative monetary policy. [Continue]
ChoiceOne board chair retiring later this month
“It has been a pleasure to work with Paul over the years,” said ChoiceOne CEO Kelly Potes. “I have enjoyed his friendship and business insight. Paul has guided ChoiceOne to strong growth and important milestones. We will miss his leadership and wise counsel.” [Continue]