Treynor, Iowa-based TS Bank hired Kelli Hecker as manager for a soon-to-open full-service branch in the central Iowa town of Ames. According to a press release, a soft opening for the branch is slated for April 1, with a grand opening expected later this fall. The $390 million bank began exploring an expansion to Ames … Read more
Brookfield, Wis.-based North Shore Bank named Jay McKenna president and CEO. McKenna, previously the bank’s president and chief operating officer, assumed the CEO position from his father, Jim McKenna, who is continuing as the bank’s executive chair. McKenna, 54, started his career at an international accounting firm. He was hired by the $2.6 billion North … Read more
Farm lending continues to recover after government stimulus dollars reduced the need for loans during the pandemic, according to a recent Federal Reserve Bank of Kansas City report. The report, released last month, revealed a 7 percent year-over-year increase in the volume of commercial bank non-real estate farm loans during the fourth quarter of last … Read more
Merrillville, Ind.-based Centier Bank promoted Sharon O’Dell to vice president, manager of closing and disclosures. O’Dell was hired by the $6.2 billion bank in the summer of 2019 after working in the mortgage industry for nearly three decades at other financial institutions. “I am thrilled to be given this promotion and to be recognized for … Read more
Meg Martin joined the wealth management division of Fargo, N.D.-based Bell Bank as vice president/senior wealth and fiduciary adviser. Martin, who is based in Minneapolis, has been in banking and legal services since 2014. She mainly works with high-net-worth customers, multigenerational families and owners of family-owned and closely held businesses. “She draws on her experience … Read more
Northwest Bank branches in Milford, Arnolds Park and Spirit Lake, Iowa, helped raise more than $5,100 for the Okoboji and Spirit Lake Schools Backpack programs. According to a press release, the $2.3 billion, Spencer, Iowa-based bank matched funds up to $500 for each program — $2,515 for the Okoboji Schools program and $2,619 for Spirit … Read more
Kansas City, Mo.-based UMB Bank donated $2 million to seven nonprofits at the end of last year. The donations, announced in a Jan. 17 press release, included a combined total of $500,000 to area nonprofits Community Housing of Wyandotte County and supportive housing organization Amethyst Place for their work in supporting housing and health needs, … Read more
Manufacturing output fell 1.3 percent in December and was down at an annual rate of 2.5 percent in the fourth quarter, according to the Federal Reserve. The drop was reported after manufacturing output fell by 0.6 percent in November. Indexes for durable and nondurable manufacturing fell by 1.1 percent and 1.5 percent, respectively in December, … Read more
Economic conditions were mixed across the Midwest in recent weeks as consumer demand remained strong and labor shortages continued. [Continue]
Oregon, Wis.-based One Community Bank donated $20,000 to support mental health services at UnityPoint Health-Meriter’s Child & Adolescent Psychiatry program. According to a press release, the donation to the UnityPoint program is expected to provide additional resources to program caregivers, which could include tools promoting self-expression and self-calming behaviors such as music, art kits and … Read more