The Federal Home Loan Bank of Chicago reported fourth quarter earnings of $134 million compared to $88 million in 2021. FHLB Chicago reported earnings for the full year of $415 million compared to $275 million in 2021. FHLB Chicago had $126.9 billion in assets at the end of the fourth quarter compared to $97.0 billion … Read more
Custodia Bank, Inc., Cheyenne, Wyo., was denied its request for reconsideration of its application to become a member of the Federal Reserve System. FS Bancshares, Inc., Markesan, Wis., granted a waiver from filing a section 3 application pursuant to section 225.12(d)(2) of Regulation Y to acquire Farmers and Merchants Bank of Kendall, Wis. University Bancorp, … Read more
FSB Financial Services, Inc., Waterloo, Iowa, authorized to acquire shares of Scenic Community Bancshares Corporation and thereby acquire shares of Iowa Falls State Bank, both of Iowa Falls, Iowa. Scenic Community Bancshares Corporation, Iowa Falls, Iowa, authorized to become a bank holding company by acquiring Iowa Falls State Bank, Iowa Falls, Iowa. Bank of Commerce, … Read more
Fisher Bancorp, Inc., Fisher, Ill., authorized to merge with Butler Point, Inc., and thereby acquire Catlin Bank, both of Catlin. Commerce Bank, Kansas City, Mo., filed to establish a branch in Naples, Fla . . . This content is only accessible to members with a current subscription. If you are a subscriber but don’t have online … Read more
Midland States Bank, Effingham, Ill., authorized to establish a branch in Sterling, Ill. FSB Holdings, Inc., Auburn Hills, Mich., filed to become a bank holding company by acquiring Freeland State Bank, Freeland, Mich. Washington State Bank, Pella, Iowa, filed to establish a branch located in Pella. The Central Trust Bank, Jefferson City, Mo., filed to … Read more
The Wisconsin Department of Financial Institutions appointed Kim Swissdorf as administrator of its Division of Banking. Swissdorf leads 52 employees and oversees the division’s regulation and supervision of state-chartered banks, savings institutions and consumer financial services industries. “[Swissdorf] is a great addition to the DFI leadership team with her extensive leadership experience in state government … Read more
Banking experts say community banks will not be significantly impacted by the recent high-profile failures of Silicon Valley Bank and Signature Bank. [Continue]
Oregon, Wis.-based One Community Bank promoted Mike Tallman to senior vice president and director of technical solutions. Tallman has more than 25 years of technology experience, including in banking, health care, education and fine arts industries. “Since joining OCB, Mike has excelled at leading the technology team. He has created a dynamic, solution-oriented technology team,” … Read more
U.S. economic activity increased early this year even as inflation remained high and interest rates increased, according to the Federal Reserve’s March 8 Beige Book. [Continue]
UMB Chief Investment Officer KC Mathews said a ‘job-full’, mild recession could begin in the second half of the year. [Continue]