Southern Michigan-based Chelsea State Bank donated $2,241 to Shop with a Cop last month, including jean money from bank employees and customer donation drives in October and December. The $436 million bank has hosted the Blue Jeans for Charity fundraiser for more than a decade. Employees donate $3 per person each week, allowing them to … Read more
Consumer sentiment remains stunted amid stubbornly high inflation rates and fears of rising unemployment, according to February’s University of Michigan Surveys of Consumers. The Index of Consumer Sentiment increased 1.5 points to 66.4. The index, which has increased 6 percent over the last 12 months, remains 14 percent below February 2021 and 22 percent under … Read more
Federal Reserve Gov. Christopher Waller said cryptocurrency regulations should ensure the market is safe without stifling innovation. “While it is critical that we ensure that the financial stability risks associated with crypto-assets are mitigated, it is important that we keep the various parts of the crypto ecosystem distinct in our minds as the debate about … Read more
Beloit, Wis.-based First National Bank and Trust hired Mark Siebold as vice president, marketing director. Siebold has more than 23 years of financial services experience. He led marketing work at Milwaukee-based HSA Bank for seven years. Siebold has a Bachelor of Science degree from the University of Wisconsin-La Crosse. He has Wisconsin life and health … Read more
Muncie, Ind.-based holding company First Merchants Corp. appointed Purdue University President Dr. Mung Chiang to both its board of directors and the board of its subsidiary, First Merchants Bank. With Chiang’s appointment, the board of the $17 billion First Merchants will expand to 15 members, including 13 independent outside directors. Chiang will be on the … Read more
Oregon, Wis.-based One Community Bank promoted Kay Gashette to vice president-business banking officer. A banker with 23 years of experience, Gashette has been a bank manager and assistant vice president of business development. “[Gashette] is passionate about investing in relationships and supporting the community,” said Senior Market President Dan Carey. “I am passionate about helping … Read more
Banks face many risks in moving more operations to the cloud, according to the U.S. Department of the Treasury. [Continue]
Sioux Falls, S.D.-based American Bank & Trust appointed Bob Sutton to its board of directors. Sutton, president and CEO of Sioux Falls-based regional health system Avera Health, previously served as CEO of the South Dakota Bankers Association and senior vice president of Citibank, South Dakota. “[Sutton] has a strong and diverse business background and brings … Read more
Delano-based Minnesota Lakes Bank promoted Kim Rostis to vice president, operations. Rostis joined the $147 million bank in 2014, most recently serving as an assistant vice president. She has more than 20 years of banking experience. Minnesota Lakes Bank also promoted Austin Wiberg to assistant vice president, business banker. Wiberg joined the bank in 2018, … Read more
Merrillville, Ind.-based Centier Bank donated $52,000 to nine Indiana-based United Way agencies as part of its annual Workplace Campaign. The donation assists United Way organizations throughout Centier’s neighboring 11 county-region in northwest Indiana. One-in-three regional households struggle meeting basic needs such as child care, housing, food and transportation. “United Way of Northwest Indiana values our … Read more