First International Bank & Trust names chief payments officer
First International Bank & Trust named Trent Sorbe chief payments officer. [Continue]
Writer: BankBeat
Bank CEO optimism grows as economy remains slow
The rural economy grew slightly this month even as banker sentiments remain stunted by recessionary fears. [Continue]
Industrial production grew in April
Industrial production increased 0.5 percent in April after seeing little growth the previous two months. [Continue]
West Gate Bank promotes two commercial lenders
The West Gate Bank Board of Directors elected Kirby Reardon to senior vice president of commercial lending and Jennifer Dougherty to assistant vice president of commercial lending. Reardon joined the Lincoln-based bank as a teller in 2011. He has a bachelor’s degree from the University of Nebraska Lincoln. “Reardon is an outstanding lender that excels … Read more
TS Bank marks 100 years, donates books to local elementary schools
Treynor, Iowa-based TS Bank recently marked its 100-year anniversary by donating nearly 250 books to first grade students at four local elementary schools. Bank employees recently visited the schools and read former FDIC Chair Sheila Bair’s book “Rock, Brock and the Savings Shock,” to connect students with ways they can accumulate, spend and share their … Read more
Indiana-based The Farmers Bank appoints president, CEO
Frankfort, Ind.-based The Farmers Bank appointed Christopher Cook as president and CEO. Cook will assume the role when current President and CEO Karen Gregerson retires in September. Cook, currently CFO of First Federal Savings Bank in Huntington, Ind., has also been a CFO at Muncie, Ind.-based MutualBank. He has an undergraduate degree and an MBA … Read more
ICBA promotes three staff members
The Independent Community Bankers of America promoted several staff members, including Lindsay LaNore to senior executive vice president, chief learning and experience officer; Jenna Burke to executive vice president, general counsel, government relations and public policy; and Kristina Morris to vice president of strategic solutions. “ICBA congratulates these exceptional professionals for their well-deserved promotions in … Read more
Consumer sentiment falls amid debt ceiling standoff
Consumer sentiment fell this month amid mounting concerns that the United States will default on its debt next month. [Continue]
Surveys point to tightening lending conditions
Banks will continue to tighten business lending standards throughout the rest of this year as they become more risk-averse amid recessionary fears, according to a Fed survey. [Continue]
United Bankers’ Bank elects banking CEO to board
Rich Jones was elected to the boards of directors of Bloomington, Minn.-based United Bankers’ Bancorporation, Inc., and United Bankers’ Bank. Jones, president and CEO of Minnesota Randall State Bank since 2013, has more than 17 years of experience in the banking industry, including in senior bank management. “We are honored to welcome Rich to the … Read more