Carmel, Ind.-based Merchants Bank of Indiana hired Paul Jastrzebski as vice president, senior business development officer in its SBA lending division. Jastrzebski, who is based from Denver, has more than a decade of business development experience, including as a senior vice president for Chicago-based Community Development Corporation lender SomerCor 504. “Jastrzebski gained industry recognition as … Read more
Indiana’s First Bank of Berne recently donated a total of $3,500 to three organizations, including: $1,500 to Bluffton, Ind.-based Bi-County Services, an organization that serves people with intellectual disabilities. The donation will be used to build a nine-hole disc golf course. $1,000 to Southern Wells Archery, to cover travel costs after the team made it … Read more
Banking conditions in the Federal Reserve Bank of Kansas City region reflected broader industry stress during the first quarter of this year, according to a recent report. [Continue]
North Dakota-based Bank of Tioga donated $7,500 toward a local aviation and unmanned aircraft systems pilot program. Program participants received their general aviation pilot’s license and UAS certification upon completion. In the program of 14 students, eight completed solo flights and three completed their check rides as part of the final part of the training … Read more
Artificial intelligence poses numerous benefits and risks to banks, said Acting Comptroller of the Currency Michael Hsu during an American Bankers Association conference. [Continue]
Higher bank capital requirements could reduce bank lending while benefitting nonbanks, said Federal Reserve Gov. Michelle Bowman in a June 25 speech. To Bowman, regulators should instead evaluate liquidity requirements and supervisory programs. In the wake of the failures of Silicon Valley Bank, Signature Bank and First Republic Bank, regulators must outline supervisory requirements more clearly and issue timely enforcement actions when those standards are not met, Bowman said. [Continue]
Home sales slightly increased in May but remain far lower than a year ago as high interest rates and a lack of housing supply continue to limit activity. [Continue]
Consumer sentiment increased 8 percent this month amid easing inflation and the resolution of the debt ceiling crisis, according to June’s University of Michigan Surveys of Consumers. [Continue]
Aron McDonald joined Marinette, Wis.-based Stephenson National Bank & Trust as head of wealth management. A senior vice president, McDonald has more than 28 years of wealth management experience and was most recently an executive for Busey Bank in Peoria, Ill. He graduated from Millikin University, Decatur, Ill., with a Bachelor of Science degree in … Read more
Oregon, Wis.-based One Community Bank awarded three $1,000 scholarships this year. Applicants needed to be in good academic standing and plan to attend either a two- or four-year institution; technical or trade school; or apprenticeship program. Applicants were also required to pen an essay on community service and involvement. The scholarship program was launched in … Read more