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But there are ways community banks can help mortgage-seekers get on the property ladder. So how can community banks help? For customers who decide buying is the right choice, community bankers have a variety of products and services available to help. By Beth Mattson-Teig. Plenty of tools in the box. Flexibility needed.
Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.
Joseph, a Michigan-based credit union, acquired Indiana-based Griffith Savings Bank. A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.” Bank acquisitions by credit unions did not exist until 2011, when St.
Long is the CEO of Brew Export, a comprehensive solution for brewers entering international markets, as well as a resident of Grand Rapids, Michigan — otherwise known, as she’s quick to point out, as “Beer City, USA.” Long first got the idea for Brew Export while studying international marketing at Michigan State University.
Interestingly, IBCP recently announced an acquisition in northwest Michigan, five years after they sold 15 branches in the northeast part of the state. Actually, the Bank had a one-time after tax litigation settlement (from a 2002-04 event) of $6.2 Exclude performing restructured loans, and that number plummets to 0.38%. Times change.
Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. THE BANKING AWARDS. GonzoBanker of the Year – Large Banks.
Tariffs and Taxes The media also developed a recession narrative during the first quarter, even though few, if any, corporations mentioned recession during their first quarter earnings calls. The final March survey of the University of Michigan showed the 5-year inflation expectation was +5.0%, but sorry, they are wrong. Unemployment.
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