A Congressional denial of the CFPB’s restriction on arbitration agreements took another step forward late Tuesday night thanks to Vice President Mike Pence casting a tiebreaking vote in the Senate. With Republican Senators Lindsey Graham (S.C.) and John Kennedy (La.) voting with the Democrats, the Senate split 50-50, leaving it to Pence to break the tie on a resolution voiding the CFPB’s rule. [Continue]
Tim Kluender has been named president and chief executive officer of Community Bank Owatonna in Owatonna, Minn. Kluender has 24 years of banking experience, with the last 15 years in an executive management capacity. He has spent his entire career working in the community banking industry, beginning as an officer trainee in his hometown bank in Osceola, Iowa. Kluender most recently served as a senior vice president/chief credit officer for First National Bank in Fairfield, Iowa. [Continue]
MBT Bank, Forest City, Iowa, has been awarded a 2017 Top Workplaces honor by the Des Moines Register. The Top Workplaces list is based solely on the results of an employee feedback survey. Several aspects of the workplace culture are measured in the survey, including alignment, execution and connection. [Continue]
Illinois bankers helped raise money for the Girl Scouts of Central Illinois at the 17th annual Women in Banking conference hosted by the Illinois Bankers Association and the Illinois League in September. [Continue]
Two banks in the NorthWestern Financial Review coverage area are among the banks recognized by the American Bankers Association as leaders in corporate social responsibility. The Community Commitment award winners were honored at the ABA convention in Chicago on Oct. 17. [Continue]
– Geoff Rand has joined First National Bank and Trust Company of Beloit, Wis., as vice president and retail market manager. Rand is responsible for FNBT’s branches in Rock County, including the four branches in Beloit as well as the Clinton and Janesville offices. Rand comes to FNBT with 25 years of banking experience, most recently at BMO Harris Bank in Janesville, Wis., where he was branch manager and, earlier, group market manager. A graduate of the University of Wisconsin-Whitewater, Rand has a bachelor of business administration degree with an emphasis in finance. [Continue]
The Iowa Finance Authority has recognized top lenders from throughout the state for their efforts in advancing affordable homeownership through IFA’s programs in 2016, and Iowa Bankers Mortgage Corporation (IBMC) was named the top lender. [Continue]
KleinBank of Chaska, Minn., is one of the first community banks in Minnesota to offer a new mobile service to debit card users that helps defend against fraud and better manage spending. KleinBank’s new CardControl mobile app enables customers to turn their debit cards on or off, set spending limits, approve where and how the card can be used, and receive real time notifications. [Continue]
Nearly a third of the banks in Minnesota took part in Minnesota Bankers Community Impact Week, an attempt to further banks’ volunteerism and active roles in their communities. Ninety-six banks, and more than 250 branches, committed to a wide array of volunteer opportunities throughout the state during the week of Sept. 18-22. [Continue]
