Midwest BankCentre announces Kansas City expansion
St. Louis-based Midwest BankCentre recently expanded to Kansas City and appointed local banking veteran Trey Cunningham as market president. [Continue]
Writer: BankBeat
Waller remains unconvinced of CBDC
Federal Reserve Gov. Christopher Waller is unconvinced that a U.S. central bank digital currency is needed to maintain the dollar’s preeminence in the global economy. Speaking Oct. 26 at an economics conference in Washington, D.C., Waller said he hasn’t heard a convincing explanation yet of the problem a CBDC will solve. [Continue]
KC Manufacturing fell again in October
Tenth District manufacturing continued to fall this month as expectations for future activity remained flat, according to October’s Kansas City Fed survey. [Continue]
Unemployment remained under 4 percent in September
Unemployment remained low at 3.8 percent in September, according to the U.S. Bureau of Labor Statistics. [Continue]
Bank First hires operations executive
Kristeen Pelot joined Manitowoc, Wis.-based Bank First as senior vice president of operations. [Continue]
Survey: Regional banks will benefit most from capital hikes
Regional banks will benefit most from a proposed increase in capital requirements at the largest banks, according to an IntraFi survey. [Continue]
Old National announces Tennessee expansion
Evansville, Ind.-based Old National Bank is acquiring Nashville-based bank holding company CapStar Financial Holdings. [Continue]
Builder confidence sinks as inflation limits housing market
Builder confidence in the housing market reached a nine-month low in October as mortgage rates continued to hover above 7 percent. [Continue]
Wisconsin bank names commercial lending executive
Fond Du Lac, Wis.-based National Exchange Bank & Trust hired Glen Stadler as senior vice president of commercial lending and southeast Wisconsin market lead. [Continue]
Stearns Bank appoints two board members
St. Cloud, Minn.-based Stearns Bank appointed John Sizer and Lea Marquez Peterson to its board of directors. [Continue]