S&P Global Market Intelligence has prepared the following community banking outlook: S&P Global Market Intelligence anticipates that community bank margins and earnings will improve, buoyed by the passage of tax reform and continued increases in interest rates. We expect that to occur in our base case scenario, which excludes the impact of a new reserve […]
2018 U.S. Community Banking Report Executive Summary Read More »
VGM FORBIN \”We do web stuff\” Your institution\’s website is more than just an online banking login. It\’s a marketing tool that should help drive new business while promoting an image of reliability and security. From driving business to increasing security, our solutions incorporate a hard working core behind user-friendly design. Visit VGM\’s website to
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Peoples State Bank of Summit, \”Where real people still answer the phone.\” Locations: Summit and Florence; both of which have always been locally owned They employ 13 people The bank was founded in New Effington in 1913. In its first year, the bank employed a woman cashier which was unheard of at the time! Unique
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Located in Scotland, South Dakota, the Farmers and Merchants State Bank was chartered and began operations on September 7, 1920. The bank is located in its original location built in 1919 at 550 Main Street. The structure was extensively remodeled in 1972 with an addition being added in 1991 along with interior updates. Farmers and
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Their headquarters is located in Freeman, with branch locations in Hurley, Viborg and Irene. Employees: 32 Merchants State Bank was charted in 1899, and was purchased by Harris Hofer in 1968. Their CFO (and ICBSD Board Member, and ICBA Federal Delegate) Emily Hofer is the third generation of the Hofer family to be part of
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Rivers Edge Bank, \”If you row someone across the river, you will get there yourself.\” Their headquarters is located in Marion, with branch locations in Bridgewater, Canova, Hawarden (Iowa), Howard, Marion and Parker Employees: 36, all of which are locals. Their roots run deep in their local communities, in some cases, over 100 years deep!
Bank of the Week: Rivers Edge Bank Read More »
Not so long ago, a wildly popular variety of government agency bonds was struggling to get to market fast enough to meet investor demand. Chances are your community bank owned some, or a lot, of these bonds, known as “step-ups.” Lately, the ever-changing dynamics of supply and demand have made the build-out more difficult and
Who Moved My Step-Ups? Read More »
Three locations: Ft. Pierre, Draper and Presho Draper State Bank was founded on June 25, 1906 Dakota Prairie Bank is a third-generation, family-owned bank that has survived the obstacles of the past century, including the Great Depression. They have twenty-two employees. Community involvement is their priority! Every Halloween, they host a community event called \”Truck
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Located in Frederick, SD The bank was chartered in 1882. It is the second oldest bank in the state of South Dakota! They have five employees. They\’ve been in their current location since 1906 President Scott Campbell is the fifth generation to own and operate the bank. One day, he is hopeful his two sons
Bank of the Week: First National Bank of Frederick Read More »
Richland State Bank Located in Bruce, SD Chartered on December 23, 1913 as Bank of Bruce President Pennie Lutz and Vice President/Loan Officer Mike Rentsch contribute over 50 years of banking and regulatory experience. Customers and community members look forward to receiving birthday wishes from Richland State Bank via a sign on the exterior of their building. Every
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