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
Tenth District manufacturing was flat this month as expectations for future activity remain modest, according to Kansas City Fed survey. [Continue]
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
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
St. Louis-based Enterprise Financial Services Corp. board member John Eulich is retiring from his position. Eulich has been chair of the board since 2016, and been a board member of both the holding company and its subsidiary, Enterprise Bank & Trust, for more than a decade. Vice Chair Michael DeCola will succeed Eulich as chair … Read more
FDIC-insured institutions made $68.4 billion in the fourth quarter, a 4.6 percent decrease from the previous quarter. That lower number was caused by a drop in noninterest income and a large increase in provision expenses offsetting an increase in net interest income, according to the agency’s Quarterly Banking Profile. [Continue]
San Francisco-based fintech Metallicus, Inc., is forming a bank holding company and plans to acquire Illinois-based State Bank of Nauvoo. [Continue]
Wisconsin-based One Community Bank promoted Jonathan Schalow to vice president and director of client experience. The $1.7 billion bank hired Schalow in April 2021. He has a dozen years of experience in banking. “I am excited for this opportunity and look forward to continuously optimizing our clients’ digital banking experience,” Schalow said. One Community Bank … Read more
Minnesota-based Community Bank Owatonna appointed Kent Kienholz as chair of the board. Kienholz, a board member for the past seven years, is president of customer satisfaction services company Client Research Services, Inc. He has a degree from the University of St. Thomas, St. Paul. “His knowledge of business and banking will provide leadership to the … Read more
House Majority Whip Tom Emmer (R-Minn.) introduced a bill this week to ban the Federal Reserve from directly issuing a central bank digital currency. [Continue]