Fargo bank gives its employees cash to donate State Bank and Trust of Fargo, N.D., is giving every full-time employee $1,000, every part-time worker $500 and asking them to spend the money on someone in need, sometime between now and June 30. The total amount distributed exceeds $500,000. Each employee also received a digital video … Read more
A South Dakota bank seeking to become an industry leader in the Great Plains region found a partner for its plans in an Australian bank that wants to extend its reach into U.S. agricultural lending. [Continue]
The Wisconsin Bankers Association says the merger is another example of credit unions moving away from their primary mission of serving low and moderate income members. [Continue]
First Capital Partners LLC has acquired a Wisconsin maker of plastic film and bags for industrial use and a Washington company that offers outsource business services to the financial services industry. [Continue]
The familiar checkbook has gone electronic, says a recent Federal Reserve study. More than two-thirds of all non-cash payments in the United States are made electronically, with the biggest increase in electronic payments occurring between 2003 and 2006. [Continue]
Marti Rodamaker, president and CEO of First Citizens National Bank in Mason City, Iowa, and a past president of the Iowa Independent Bankers, was recently elected board chairman of the ICBA Services Network, the business services subsidiary of the Independent Community Bankers of America. Rodamaker has been First Citizens president since 1994 and is board … Read more
ABA says merger brings members new clout with lawmakers The merger of the American Bankers Association and America’s Community Bankers became official on Dec. 1 and ABA officials believe the combined groups will offer unity when dealing with Washington policymakers. The ABA-ACB merger, announced in June and approved by each association’s membership in October, creates … Read more
Fed cuts key rate, joins alliance to fight credit crunch The Federal Reserve cut the federal funds rate by one-quarter of a percentage point on Dec. 11, then announced on Dec. 12 that it will join the Bank of Canada, Bank of England, European Central Bank and Swiss National Bank to address “elevated pressures” in … Read more