Harold G. “Harry” Wahlquist, chair and CEO of Star Bank, Maple Lake, Minn., passed away July 19, 2024, after an approximately year-long battle with pancreatic cancer. Wahlquist, whose career in banking began in 1960, was 85. [Continue]
Banks are not monopolies, and consumers have more choice than ever (challenger banks, fintechs, credit unions) when it comes to deciding where to bank and what fees they are willing to accept, or not. [Continue]
Bankers and their advocates must publicly rebuke the FDIC following allegations that the agency’s leadership enabled a toxic work environment, says BankBeat writer and retired Editor-in-Chief Jacqueline Nasseff Hilgert. [Continue]
U.S. banking industry deposits, which stood at $19.4 trillion one year ago, are expected to decline by $1.6 trillion in 2023 and another $1.4 trillion in 2024. [Continue]
Stephanie Foster is a people person. When considering what it takes to succeed in the fintech space, however, it’s not typical to think of “soft skills” as consequential. [Continue]
Bell Bank Twin Cities Market President Erin Procko recently participated in a four-day Alpine Crucible in Colorado. During the trip, Procko learned lessons that will serve her both personally and professionally.
Bank Midwest Market President Luke Donnenwerth is being honored as a BankBeat magazine 2023 “Rising Star in Banking.” [Continue]
In the waning days of 2021, Charlie Bauman was asked to consider the following proposition: Leave his position at a profitable and respected banking organization to join what organizers hoped would soon be the first de novo bank to open in the region in 14 years. [Continue]
Anticipating and meeting the demands of the future will require nothing less than fortitude. Will sticking to key fundamentals be enough to grow and thrive? [Continue]
Security experts have been telling bankers for years that the weakest link in their cybersecurity defense is their own people. I have to agree, mostly because this has happened to me before. [Continue]