Nels Nyblad retired from the boards of directors of Sparta, Mich.-based ChoiceOne Financial Services and ChoiceOne Bank, effective June 28. A farmer, Nyblad owns a family farm and is a director of Nyblad Orchards, Inc., Nyblad Farms, LLC, and Ross-Roy Enterprises, Inc. Nyblad had served as a director of both the holding company and subsidiary … Read more
Bob Herdoiza was named to the board of directors for Fenton, Mich.-based holding company Fentura Financial, Inc., and subsidiary The State Bank. A partner at Stonebridge Financial Group, Herdoiza is a serial entrepreneur. He began his career as a CPA auditing companies in southeast Michigan. “I am excited about the expertise that Mr. Herdoiza will … Read more
Evansville, Ind.-based Old National Bank recently marked the opening of its first metro Detroit-area commercial banking office with a launch event. [Continue]
Michigan-based de novo Community Bank opened on June 26, according to the Michigan Department of Insurance and Financial Services. [Continue]
Minnesota-based Farmers & Merchants State Bank of Springfield honored long-time employee Kathy Hillesheim on June 29 as she retired after more than 46 years of work. Hillesheim started her career as a teller in June 1977 and was eventually promoted to head teller, assistant cashier. She retired as the bank’s customer service officer and F&M … Read more
The Federal Reserve will likely raise interest rates at least two more times this year, Chair Jerome Powell said June 29. [Continue]
First Bank CEO Shelley Seifert will retire at the end of this year. The St. Louis-based bank selected industry veteran Mikel Williamson to succeed Seifert. Williamson, who was selected after an extensive search, served as president and CEO of Happy State Bank & Trust before its sale in 2022, staying on to oversee the bank’s … Read more
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]