Dacotah Bank donates $50,000 for school project

Aberdeen, S.D.-based Dacotah Bank donated $50,000 toward a new building at Maple Valley Schools in Tower City, N.D. The building is expected to be east of the commons area and entrance and include a larger classroom for the school’s growing pre-K program, a gym with space for two practice courts, locker rooms and a community … Read more

Home Federal Bank donates $1,000 to four local volunteers

Rochester, Minn.-based Home Federal Bank has recently donated $1,000 each to four local volunteers.  The donations are through the bank’s Seed Money Program, which is intended to recognize local residents who are making an impact.  Recent recipients include:  Andre Bailey of Winona, Minn. Bailey started the Little Warriors Drumline three years ago, which now includes … Read more

TS Bank employees donate gifts to emergency shelter

TS Bank employees delivered gifts to youth at the emergency shelter Children’s Square U.S.A. in Council Bluffs, Iowa. The $390 million, Council Bluffs-based bank has delivered the gifts for 11 straight years. This year, employees donated cash for games, snacks and supplies for the facility’s spiritual life and campus cottages programs.  “The year included a … Read more

Regulatory concerns top list for 2023

U.S. financial service firms are most concerned about keeping up “with the volume, scope and breadth of regulatory changes” heading into the new year, according to Wolters Kluwer’s annual Regulatory & Risk Management Indicator survey.  The survey, taken from July 27 to Sept. 9, included responses from 328 firms. Concern over new regulations jumped considerably, … Read more

Centier Bank promotes Lydia Post to VP position

Merrillville, Ind.-based Centier Bank promoted Lydia Post to vice president, small business banking group manager. Post joined Centier Bank in 2020 after working in similar positions at financial institutions for a decade. “She is an accomplished and results-driven banking professional with demonstrated experience in business lending, namely SBA 504 and SBA 7(a), as well as … Read more

Indiana’s Mid-Southern Bancorp expands board of directors

Salem, Ind.-based Mid-Southern Bancorp, Inc., increased its board of directors from seven members to eight and appointed James King III to serve a two-year term.  King, who also appointed to the board of the $202 million Mid-Southern Savings Bank, joined Mid-Southern as executive vice president and senior loan officer in October 2021. He began his … Read more

Midwest rural economy improves

The Midwestern economy is improving heading into 2023, according to Creighton University’s monthly Rural Mainstreet Index.  The RMI, which tracks the sentiments of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy, rose five points to 50.1 this month, the first time the reading has been above the growth-neutral score … Read more

Manufacturing output fell in November

Manufacturing output fell by 0.6 percent in November but remained 1.2 percent above its year-earlier level, according to the Federal Reserve.  “Decreases were broad-based across market groups with the primary exceptions of consumer energy products, energy materials, and defense and space equipment,” the Fed stated. “The output of consumer durables fell about 2 percent, led … Read more

Enterprise Financial Services appoints three board members

St. Louis-based Enterprise Financial Services Corp. appointed Lyne Andrich, Marcela Manjarrez and Lina Young as directors of both the bank holding company and its subsidiary, Enterprise Bank & Trust.  Andrich, former executive of Denver-based CoBiz Financial Inc., from 1997-2019, has served on the board of directors and been a member of the audit committee of … Read more