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Top BankBeat News

Bank Profits Rise in Q1

Economy · United States

Bank Profits Rise in Q1

100% Center coverage: 1 sources

The FDIC’s 4,462 insured banks saw a 1.16% return on assets and net income of $70.6 billion in the first quarter.See the Story

Supply Managers See Slowing Economic Growth Amid Tariffs

Trade · Belgium

Supply Managers See Slowing Economic Growth Amid Tariffs

Manufacturers see the regional economy as growing but continue to lack optimism for the coming months due to tariffs, according to Creighton University’s May Business Conditions Index. The business conditions index fell last month, to 51.0 from 53.3 in April, but remained higher than the growth-neutral score of 50 for the fifth straight month. The index tracking economic confidence for the next six months increased to 43.2 from 37.5 in April. …See the Story

Associated Banc-Corp donates bikes for cancer research

Cancer · Green Bay

Associated Banc-Corp donates bikes for cancer research

Green Bay, Wis.-based Associated Banc-Corp built and donated 25 bikes to cancer survivors, their families and caregivers to participate in the Medical College of Wisconsin Audaxity Bike Ride fundraising initiative to support cancer research. The bank donated the first six of the bikes last month at the MCW Cancer Center. The bikes were made by more than 130 Associated Bank senior leaders.The bank also donated helmets and free registration for th…Read Article

South Dakota’s CorTrust Bank donates $25K for Sensory Garden

Mitchell, S.D.-based CorTrust Bank donated $25,000 for the Sesdac Sensory Garden project. The Sensory Garden will be a multi-sensory outdoor space that stimulates the senses, establishes connections and promotes wellness. Based in Vermillion, S.D., Sesdac assists individuals with intellectual and developmental disabilities. “Sesdac is an amazing organization that provides endless opportunities for individuals that call Vermillion home,” said …Mitchell, South Dakota · Mitchell Read Article

Survey: More than 1 in 5 adults falling victim to financial fraud

More than one in five adults have fallen prey to financial fraud or scams, with that number higher among older adults, according to the Federal Reserve Economic Well-Being of U.S. Households in 2024 report. The report outlined credit cards as the most often used vehicle for fraud, with 17 percent of respondents. Those ages 45 and older were more likely to fall victim to credit card-related fraud. “In contrast to differences by age, the incidenc…Federal Reserve · United States Read Article

Wisconsin’s AbbyBank announces CFO promotion

Abbotsford, Wis.-based AbbyBank promoted Sam Tesmer to CFO. Tesmer, who joined the $645 million AbbyBank in 2008, has more than 17 years of banking experience. Sam Tesmer Tesmer has a bachelor’s degree in finance from Rasmussen College, and graduated from the Graduate School of Banking at the University of Wisconsin-Madison. “Sam’s well-rounded background — including customer service, lending and finance — gives her a unique perspective on th…CFO · Abbotsford Read Article

UMB hires 13 amid California growth

Kansas City, Mo.-based UMB recently hired 13 people as its corporate trust and agency services units expand in California. The hires, all from private banking company Wilmington Trust, include National Sales Managers John Deleray and Ali Naqvi and Regional Managers Jeanie Mar and Jane Snyder. Eleven of the 13 will be based in Costa Mesa in Orange County, where UMB is opening a branch. Deleray and Mar helped establish Wilmington Trust’s Californ…Costa Mesa · Costa Mesa Read Article

Associated Bank gets bold with mandate for organic growth

Green Bay, Wis.-based Associated Bank leapt into Minnesota toward the end of the 1990s with a pair of acquisitions (Windsor Bancshares and Riverside Bank), then scooped up Signal Bank in September of 2001. Successive buys of noted commercial franchises were attention-getting for the newcomer to the Twin Cities. But then another event grabbed the headlines that month and the bank symbolized by an evergreen tree blended into the landscape. Minneso…Minneapolis, Minnesota · Minneapolis Read Article

First Mid Bank & Trust promotes ag lending executive

Mattoon, Ill.-based First Mid Bank & Trust promoted Julie Huelsmann to senior vice president, senior agricultural lender. Huelsmann, who has more than 10 years of experience in agricultural finance, has a Bachelor of Science degree in agribusiness economics from Southern Illinois University-Carbondale. “Julie’s dedication to our ag customers and strong understanding of rural economies make her an outstanding fit for this position,” said First …Finance · Mattoon Read Article

Farmers State Bank in Iowa promotes COO, CFO

Marion, Iowa-based Farmers State Bank promoted Jason Neighbor to senior vice president, chief operations officer; Justin Salow to SVP, CFO; and Nick Glew to VP, business development and commercial lending. A third-generation bank stakeholder, Neighbor has worked at Farmers State Bank for three decades as a teller, commercial lender and VP of retail operations. A CPA, Salow has nearly 30 years of experience. He has a Bachelor of Business Adminis…Marion, Iowa · Marion Read Article

Bank Iowa to open north Iowa branch in June

West Des Moines-based Bank Iowa plans to open a branch on June 2 in Clear Lake, Iowa. An open house and ribbon-cutting is slated for June 18. The branch, at 1919 U.S. Hwy. 19 in Clear Lake, will officially open June 2 and is the 24th branch the more than $2 billion bank has opened in the state. Bank Iowa recently opened a branch in the Des Moines suburb of Johnston, which President/CEO Jim Plagge said shows the bank’s commitment to urban and r…Clear Lake, Iowa · Clear Lake Read Article

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