Industrial production unchanged in February
Industrial production was unchanged last month, according to February’s Federal Reserve Industrial Production and Capacity Utilization report. [Continue]
Writer: BankBeat
Consumer sentiment fell in March
Consumer sentiment fell this month as the FOMC continues to raise interest rates, according to the University of Michigan Surveys of Consumers. [Continue]
One Community Bank offering $3K in scholarships through program
Oregon, Wis.-based One Community Bank is offering $3,000 in scholarships through its 2023 Scholarship Program. The program grants $1,000 scholarships to three graduating high school seniors. Recipients must be in good academic standing and plan to attend either a two- or four-year institution, trade school, technical school or apprenticeship program. Participants must also submit an … Read more
One Community Bank welcomes Advisory Board member
Oregon, Wis.-based One Community Bank welcomed Valerie Renk to its Advisory Board. Renk is CEO of Habitat for Humanity Dane County. She has a bachelor’s degree from the University of Wisconsin Madison. “I am delighted to have the opportunity to work with [Renk] on the One Community Bank Advisory Board,” said Independent Chair Jim Walker. … Read more
Illinois bank acquiring Wisconsin bank
Central Illinois-based First Mid Bancshares, Inc., is acquiring Beloit, Wis.-based Blackhawk Bancorp, Inc., in a $90 million, all-stock deal. [Continue]
Centier Bank donates $2,500 to local nonprofit
Merrillville, Ind.-based Centier Bank donated $2,500 to the Fay Biccard Glick Neighborhood Center. The Indianapolis-based facility provides assistance by offering basic needs and financial education in neighborhoods deemed ethnically and socio-economically diverse. The donation is expected to directly fund a homeownership program that helps clients looking to buy a home by providing credit reports, credit … Read more
Associated Bank hires SVP, senior credit officer
Green Bay, Wis.-based Associated Bank hired Peter Malmstrom as senior vice president and regional senior credit officer. Malmstrom, who is based in St. Paul, has more than 20 years of banking experience. “Most recently, he held the position of chief credit officer at a local community bank in Minneapolis,” the bank stated. “Prior to that, … Read more
Northwest Bank donates $50,000 to local school district
Iowa-based Northwest Bank donated $50,000 to Humboldt Community School District for a new multi-purpose athletic training facility. The addition, expected to be completed in September, will include a practice gym, weight room, turf area and additional space for wrestling. Humboldt Superintendent Jim Murray accepted the donation on behalf of the school district. “Northwest Bank is … Read more
Midwest economy slows as labor shortages take toll
The Midwestern economy slowed in March after hovering around growth-neutral for the last three months, according to Creighton University’s Rural Mainstreet Survey. [Continue]
Port Washington State Bank hires VP, bank secrecy officer
Wisconsin-based Port Washington State Bank named Joe Loebl vice president and bank secrecy officer. Loebl has 17 years of experience in financial services, including 13 as a Bank Secrecy Act and Anti-Money Laundering compliance professional. Loebl has a Bachelor of Arts degree from Denison University, Granville, Ohio. Loebl, who is certified by the Association of … Read more