Economic activity slows as outlook weakens
The U.S. economy slowed in recent weeks, according to the Federal Reserve’s Beige Book. [Continue]
Writer: BankBeat
CSBS appoints seasoned lawyer to top position
The Conference of State Bank Supervisors’ Board of Directors appointed Brandon Milhorn as president and CEO. [Continue]
Wisconsin Bankers Foundation donates $5K to local school
The Wisconsin Bankers Foundation donated $5,000 to Milwaukee-based St. Marcus School. [Continue]
Community bank income fell in Q3
Net income at FDIC-insured community banks fell nearly 5 percent to $6.7 billion during the third quarter, according to the agency’s Quarterly Banking Profile. [Continue]
LCNB Corp. to continue Cincinnati expansion by acquiring local bank
Lebanon, Ohio-based LCNB Corp. is continuing to expand in the Cincinnati region by acquiring Eagle Financial Bancorp in a $23.1 million, stock-and-cash deal. [Continue]
Record number had unsecured 2Q personal loans
A record 22.7 million Americans had outstanding unsecured personal loans at the end of the second quarter of this year, according to a brief from the Federal Reserve Banks of New York and St. Louis. [Continue]
Waller sees progress in inflation fight
Federal Reserve Gov. Christopher Waller said significant progress has been made to bring inflation down to its 2 percent long-term target but isn’t committing to a firm date to begin reducing interest rates. [Continue]
Researchers: Retail CBDC could unequally burden small banks
Federal Reserve researchers say a retail central bank digital currency could disproportionately harm community bank lending. [Continue]
Montana’s First Security Bank names new president, CEO
First Security Bank appointed Kalli Ryti as president and CEO. [Continue]
First National Bank and Trust adds two to credit services team
Beloit, Wis.-based First National Bank and Trust added Kerry Fox and Dan Kennedy to its credit services team. [Continue]