Green Bay, Wis.-based Associated Bank recently expanded its Chicago-based commercial banking team by hiring six executives. The bank hired Phil Chen and Jamillah Pointer as senior vice presidents and relationship managers. Chen has a decade of commercial banking experience. He previously worked with the Bank of China, leading the institution’s Midwest-based mid/large corporate team. Chen … Read more
Indiana-based First Bank of Berne donated $1,000 to local art gallery Gallery 15 & Studios LLC. The Peru-based gallery opened in the fall of 2017. Designed to be a space for artists of different mediums, the gallery is complete with paintings and hosts music lessons and art classes. The donations will be used to advance … Read more
The Midwestern economy slowed in March but continues to grow, according to the March Mid-America Business Conditions Index. [Continue]
Most community bankers believe the U.S. economy is already in a recession, according to the first quarter Community Bank Sentiment Index. [Continue]
Oregon, Wis.-based One Community Bank promoted Bill Borchers to senior vice president of loan servicing and construction. Borchers joined the $1.6 billion bank in 2017. He has nearly four decades of experience in banking, and has been involved with the Wisconsin Mortgage Bankers Association. “I love the culture here and look forward to continuously serving … Read more
Hillsdale, Mich.-based County National Bank announced several promotions, including: Rachael Carpenter to vice president, senior wealth management operations officer. Carpenter, who joined the bank last year as an assistant vice president, is a CPA with a dozen years of banking experience, including in wealth management and as a financial controller in community banking. Abba Reeve … Read more
The recent collapses of Silicon Valley Bank and Signature Bank don’t pose systemic risks to community banks, said Ben Eskierka, United Bankers’ Bank Chief Investment Officer. [Continue]
A leadership succession plan is underway at Bloomington, Ill.-based HBT Financial. Effective May 24, Heartland Bank Chair and CEO Fred Drake will transition to executive chair of both the bank and its holding company, HBT Financial, Inc. President and Chief Operating Officer J. Lance Carter will become president and CEO of both $4.1 billion HBT … Read more
Chris Frederick was named president and CEO of Corydon, Ind.-based First Harrison Bank. Joshua Stevens was named CFO of both First Harrison and its holding company, First Capital, Inc. Frederick, 55, previously served as CFO of both the $1.15 billion, southern Indiana-based bank and holding company. He’s been affiliated with First Harrison since 1990. First … Read more
Two-thirds of farmers expect the ag economy to be either the same or stronger in 2023, according to Bank Iowa’s second annual survey of farmers. [Continue]