Stearns Bank acquires stake in tech financing company
St. Cloud, Minn.-based Stearns Bank, N.A., has acquired a majority stake in Canadian information and communications technology financing company Contract Capital Corp. [Continue]
Writer: BankBeat
Survey: Employees want flexibility, advancement opportunities
Banks are becoming more receptive to remote work as employees prioritize flexibility and career advancement opportunities, according to a recent survey. [Continue]
Gensler: AI poses risks to financial system
Artificial intelligence poses potential financial stability risks, said Securities and Exchange Commission Chair Gary Gensler. [Continue]
Small business sentiment stunted by labor shortages, inflation
Small business sentiment remained limited in August as owners remain most concerned about labor shortages and inflation. [Continue]
Investor group to acquire Chicagoland bank
Investor group Midfed Acquisition Corp., is acquiring Bridgeview, Ill.-based Midland Capital Holdings Co. in an all-cash merger. [Continue]
First Business Bank hires lending executive
Madison, Wis.-based First Business Bank hired Luke Joyner as vice president of asset-based lending. [Continue]
Bank of Tioga’s motivational speaker series continues
Motivational speaker and author Terrence Talley recently delivered a message of hope and a call to make positive life choices to more than 375 students at two North Dakota high schools. [Continue]
ABA forecast: Recession chances dropping
The U.S. economy will avoid a recession despite an expected loss in economic growth over the next few quarters, according to the American Bankers Association’s Economic Advisory Committee. [Continue]
Northeast Indiana Bancorp names experienced CFO to role
Huntington, Ind.-based Northeast Indiana Bancorp named Travis Penrod CFO.
[Continue]
Old Second National Bank names commercial banking group leader
Aurora, Ill.-based Old Second National Bank hired Carl Anfenson as a senior vice president in its middle market commercial banking group. [Continue]