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
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
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]
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
Small business optimism is growing but continues to be stunted by inflation and lingering concerns that a recession is imminent. [Continue]
More small businesses were profitable last year than in 2021, according to the Federal Reserve’s annual Credit Survey. [Continue]
Merrillville, Ind.-based Centier Bank donated $5,000 to Crown Point Community Foundation for its Volunteer Fair and Blood Drive. The event, which was held March 4, is considered one of the foundation’s largest events of the year. The Fair matches charitable organizations with interested volunteers. Centier Bank Senior Partner Chrisanne Christ, a Community Foundation board member, … Read more
Compeer Financial partnered with Southern Minnesota Initiative Foundation to expand its Rural Entrepreneurial Venture program. [Continue]
Employees of Ionia, Mich.-based Independent Bank donated supplies for survivors of the Feb. 6 earthquake that devastated Turkey and Syria. Employees gathered sleeping bags, blankets, tents, winter gear, tents and medication. The supplies, which fill three large trucks, were later sent to the victims. Senior commercial bankers Kyle Anne Johns and Russ Kacin; Vice President … Read more
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