FinCEN warns banks of surge in check fraud mail schemes
The Financial Crimes Enforcement Network is warning banks of a surge in check fraud schemes targeting the U.S. Mail since the pandemic. [Continue]
Writer: BankBeat
Federal Reserve Weekly Filings for Jan. 28
Custodia Bank, Inc., Cheyenne, Wyo., application to become a member of the Federal Reserve System denied. Citizens Bancorp, Inc., Cadott, Wis., authorized to acquire Community Financial Bank, Prentice, Wis . . . This content is only accessible to members with a current subscription. If you are a subscriber but don’t have online access, please contact us … Read more
Federal Reserve Weekly Filings for Jan. 21
Lake City Bank, Warsaw, Ind., authorized to establish a branch in Indianapolis. Bison Bancshares, Inc., Bison, Kan., authorized to become a bank holding company by acquiring Bison State Bank, Bison. Encore Bank, Little Rock, Ark., filed to establish a branch in Denver. Midland States Bank, Effingham, Ill., filed to establish a branch in Sterling, Ill. … Read more
Federal Reserve Weekly Filings for January 14
Legacy Bank & Trust Company, Mountain Grove, Mo., authorized to establish a branch in Plano and Dallas, Texas. Brookfield Bancshares, Inc., Brookfield, Ill., filed to become a bank holding company by acquiring First National Bank of Brookfield. James A. Babcock Revocable Trust, Elk River, Minn., and others, filed to acquire 25 percent or more of … Read more
Federal Reserve Weekly Filings for January 7
Legacy Bank & Trust Company, Mountain Grove, Mo., authorized to establish a branch in Tulsa, Okla. Savanna-Thomson Investment, Inc., Savanna, Ill., authorized to merge with Maximum Bancshares, Inc., and thereby acquire Fidelity Bank, both of West Des Moines, Iowa. Bradford Bancorp, Inc., Greenville, Ill., authorized to merge with Community Bancshares, Inc., and thereby acquire Community … Read more
Michael Beckwith named chief banking officer at German American Bank
Michael Beckwith was appointed executive vice president, chief banking officer at Jasper, Ind.-based German American Bank, effective April 1. Beckwith will succeed the retiring Randall Braun, who is stepping away following a dozen years with the organization and 31 years of banking experience. Beckwith, former president and CEO of First Security Bank, Owensboro, Ky., joined … Read more
American Bank & Trust promotes hires senior vice president, promotes 3 employees
Davenport, Iowa-based American Bank & Trust recently announced several new hires and promotions, including: Hiring Troy Boelman as senior vice president and Des Moines market president. A financial industry professional for nearly 25 years, Boelman joined the bank last November. He has a Bachelor of Business Administration degree from the University of Iowa, Iowa City, … Read more
KC Fed regional manufacturing flat
Tenth District manufacturing was flat this month as expectations for future activity remain modest, according to Kansas City Fed survey. [Continue]
Associated Bank hires VP, commercial banking manager
Robert Bergfeld joined Associated Bank in Wausau, Wis., as vice president and commercial banking relationship manager. Bergfeld has a Bachelor of Arts degree from Ripon College in Wisconsin. He is pursuing an MBA from the University of Wisconsin-Stevens Point. Bergfeld has more than a dozen years of banking experience. “Previously, he held the position of … Read more
First Security Foundation donates $15,000 for local women’s rights group
Charles City, Iowa-based First Security Foundation donated $15,000 to The National 19th Amendment Society. The donation is intended to help the local group build a secure storage shed to maintain a replica of a suffragette wagon used by suffragists more than a century ago to distribute periodicals supporting women’s rights. The wagon honors Carrie Chapman … Read more