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.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. In our annual workplace survey, employees of ICBA’s best communitybanks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. What great resignation?
With mortgage rates down in the US , many homebuyers are looking locally to their communitybanks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which communitybanks were making an impact on local mortgage lending.
The deal for SimplyBank, scheduled to be completed in the second quarter, would give First Financial in Terre Haute, Indiana, additional branches in Tennessee and its first presence in Georgia.
The latest issue of the FDIC Quarterly explores loan performance at communitybanks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin. The post FDIC Quarterly highlights communitybank performance in manufacturing states appeared first on ABA Banking Journal.
With just 44,000 residents, how did the town of Columbus, Indiana, become one of the nation's leading architectural destinations -- ranked sixth of all U.S. The answer: a communitybank president named J. cities for architectural innovation and design? Irwin Miller.
Among the new firms on the roster, in alphabetical order: Enrichment Federal Credit Union, First Security Bank of Arkansas, Marion & Polk Schools Credit Union, Merchants Bank of Indiana, Northern Michigan Bank & Trust, Ohnward Bank and Trust, Postel Family Credit Union, River Cities Bank, River Town Bank, Simplicity Credit Union, SouthPoint (..)
The post Old National in Indiana to buy Bremer Financial appeared first on ABA Banking Journal. Old National Bancorp in Evansville, Illinois, has agreed to buy Bremer Financial in St. Paul, Minnesota.
F&M set to acquire Ossian State Bank, while Consumers National Bank adds two CFBank branches and Coulee Bank brings on assets from BNC Management Feature M&A Financial Trends Feature3.
Banks of all sizes have been pruning branch networks in recent years. Merchants Bancorp says it will sell a total of four branches to two buyers and focus more on its core residential mortgage lending business.
One of the first online only banks was in the news this week for being a top place to work CommunityBanking Technology Retail Banking Tech Management Feature3 Fintech Feature Human Resources.
Bank acquisitions by credit unions did not exist until 2011, when St. Joseph, a Michigan-based credit union, acquired Indiana-based Griffith Savings Bank. A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More communitybank takeovers by large credit unions are likely.”
From Butch Cassidy to Bonnie and Clyde, bank robbers have always had a pop culture mystique. But bank robberies are no Hollywood storyline for bank employees and customers, whose safety and even lives are put at risk when a robber holds up a bank branch.
The Indianabank is "on offense by continuing to invest in new client-facing and key support talent and being ready and opportunistic for acquisitions," CEO Jim Ryan says.
Atlanta Postal Credit Union's bid to acquire Affinity Bank marked the 11th deal overall this year involving a credit union buying a bank, matching the total for all of 2023. Separately, members voted against the merger of two credit unions in Indiana.
The Indiana-based company grew fourth-quarter loans and profits in part because of an acquisition in Nashville, and it expects to bulk up further with a deal in Minnesota's Twin Cities that was among the largest announced in 2024.
Indiana State University Credit Union. Jersey Shore State Bank. Luzerne Bank. Mabrey Bank. Meadows Bank. Pendleton CommunityBank. Peoples Bank (OH). Phoenixville Federal Bank & Trust. Heritage Federal Credit Union. Honor Credit Union. IH Mississippi Valley Credit Union.
The Federal Reserve Board of Governors issued a cease and desist order against Indiana-based United Fidelity Bank over concerns that the bank was deficient in its board oversight policies.
Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.
." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to CommunityBank Shares of Indiana, Inc. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. Read: We needed greater scale to offer the products and services demanded by customers.
million-asset Indiana Business Bancorp. The $374 million Lizton said in a press release Tuesday that it will pay $12.5 million, or $7.25 a share, in cash for the $66.5
Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), CommunityBank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Tim Welsh, Vice Chairman Consumer and Business Banking, U.S. Bank (Minneapolis, MN).
The Indianabank said it struck a $40 million cash deal to sell its insurance brokerage to the Hilb Group. It joined a growing number of lenders announcing such transactions.
is the parent company of Willamette Valley Bank, a communitybank headquartered in Salem, Oregon. The Bank operates five full service offices. billion in asset holding company for Farmers & Merchants State Bank (F&M). I always search for the "why" when banks excel in total return. And to them I say.
recently agreed to buy a minority stake in a bank in an attractive market. The move could allow the company to obtain intel while gaining an edge should the other bank decide to sell. First Merchants Corp.
First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. A similar case was made in a comment letter to the FDIC on behalf of BancVue, a software development company that provides Rewards Checking product technology to communitybanks.
The Michigan City company, part of a growing list of banks announcing similar overhauls, aims to sell nearly $400 million of securities and reinvest the proceeds in higher-yielding loans.
It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets communitybank with 22 branches that encircle the Seattle Sound. It is the $888 million holding company for Plumas Bank. The bank operates thirteen branches, eleven in northern California and two in Nevada.
The $23 million cash transaction boosts Old Second's presence in its home Windy City market, while marking Muncie, Indiana-based First Merchants' exit from Illinois.
A bank trade association CEO asked me a couple of questions while he was researching an op-ed piece. Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish communitybanks who scrambled to serve their customers when the economy shut down? The edited Q&A is below.
Benjamin Bochnowski will be named chief executive of both the holding company and the $865 million-asset Peoples Bank at the bank's April 28 annual meeting.
The Indiana company tapped CFO Mark Hardwick as its next CEO, while Michael Stewart, its chief banking officer, will become president. Michael Rechin will step down at the end of this year.
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