2 Chicago-area banks merging
The merger is expected to be completed in 1Q 2022, subject to approval by bank regulatory authorities and the shareholders of both Finward Bancorp and Royal Financial. [Continue]
Writer: BankBeat
Study: Mortgage servicers solid during pandemic, challenges remain
A J.D. Power study recently found that relief efforts and quick adjustments to digital solutions during the pandemic earned mortgage servicers high levels of customer satisfaction. [Continue]
Kentucky banks merging
A pair of Louisville, Ky., companies are joining forces, with Stock Yards Bancorp, Inc., acquiring Commonwealth Bancshares in a cash and stock deal worth $153 million. [Continue]
1st Source names COO, CFO
Brett Bauer was named CFO and treasurer of 1st Source Corporation and 1st Source Bank in South Bend, Ind., while John Bedient was named chief operations officer of 1st Source Bank. [Continue]
First Mid buying St. Louis bank, loan portfolio
In a pair of transactions, Illinois-based First Mid Bancshares is acquiring Delta Bancshares Company in St. Louis, Mo., as well as a loan and deposit portfolio in the city. [Continue]
Faces Of Core Technology: DCI
– Pauline Lopez-Lutz, Texas Technology is the cardiovascular system of today’s community bank, and data its lifeblood. It’s a good thing these DCI engineers are at the ‘heart’ of it all. As a leading core provider, DCI and its IT engineers recognize their enormous responsibility to keep that system healthy, and they take it personally. … Read more
State Filings – Midwest (August 2021)
InBank, Raton, N.M., authorized to establish an LPO in Boulder.
Alpine Bank, Glenwood Springs, authorized to… [Continue]
CSBS hires policy SVP
The Conference of State Bank Supervisors has hired Karen Lawson as a policy senior vice president. [Continue]
FIB&T opens Minnesota branch
North Dakota’s First International Bank & Trust is opening a branch in Minneapolis suburb Edina. [Continue]
Consumer credit applications return to pre-pandemic levels
Consumer credit applications, including for mortgages, car loans and credit cards, have mainly returned to pre-pandemic levels, according to a report from the Consumer Financial Protection Bureau. [Continue]