Credit unions have acquired a record number of banks this year following a spike of activity in the final weeks of 2022, according to S&P Global data. The record-setting 14th deal occurred Dec. 16 when LGE Community CU, Marietta, Georgia, agreed to buy Greater Community Bank, Rome, Georgia. The previous record of 13 was set … Read more
Manitowoc, Wis.-based Bank First promoted Tom Omdahl to vice president-BSA/compliance officer; Derek Domino to assistant vice president of treasury management; Lisa Malewiski to branch manager; and Lori Sisel to shareholder services officer. Omdahl, who has more than 30 years of banking experience, joined Bank First in 2018. A member of the Wisconsin Bar Association, Omdahl … Read more
The Consumer Financial Protection Bureau fined Wells Fargo $3.7 billion for consumer auto and mortgage lending violations. [Continue]
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
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 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
Dubuque, Iowa-based Heartland Financial USA recently settled a months-long public dispute with board member Lynn Fuller. [Continue]
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
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
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