#BankNews is your premier source for independent news and commentary on community banking.
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Morristown, N.J.-based Valley National Bancorp is acquiring Providence Financial Corporation, South Holland, Ill., for $247 million.
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Dart Bank, based in Mason, Mich., promoted Susan Zivic to Vice President, Executive Administrator and Corporate Affairs.
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The nation’s 3,818 FDIC-insured community banks made $8.7 billion in net income in the second quarter of the year, up 8.2 percent from Q1.
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STAR Financial Bank has promoted Maureen “Mo” Glunt to director of treasury management sales.
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Madison, Wis.-based First Business Bank promoted Beth Kmiec to senior vice president-director of wealth and fiduciary services.
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Profinium Financial Holdings Inc. is acquiring F&M Community Bank, expanding the Fairmont-based banking company into southeastern Minnesota.
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Kansas City, Mo.-based UMB Bank expanded its Corporate Trust and Agency Services business with project finance teams in New York and California.
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Sioux City, Iowa-based Security National Corporation Chair, President and CEO Douglas Rice will retire, effective Sept. 1.
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Tioga-Franklin Savings Bank in Philadelphia was shuttered Aug. 21 by the Pennsylvania Department of Banking and Securities.
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Chris Chingren joined Grand Forks, N.D.-based Alerus as regional vice president of retirement sales. The bank also hired Paul Wick as senior vice president and director of private and institutional services.
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Great Falls, Va.-based Trustar Bank is acquiring branches of Forbright Bank, Chevy Chase, Md.
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In advance of recognition at the recent Community Bankers of Iowa convention, Iowa Falls State Bank summarized 13 years of community support driven by its Community Impact Challenge.
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Green Bay, Wis.-based Associated Bank is committing $150,000 over three years to NeighborWorks Green Bay to increase the supply of affordable housing.
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The final GENIUS Act rule will be finalized by November, said Comptroller of the Currency Jonathan Gould.
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After promoting Justin Schmit to regional president earlier this year, Spirit Lake, Iowa-based Bank Midwest appointed Schmit to the additional role of head of agricultural lending.
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Bank CEO sentiments improved this month despite a lack of optimism, according to this Creighton University August rural mainstreet index.
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Pontiac, Ill.-based Pontiac Bancorp is acquiring fellow central Illinois-based Ottawa Bancorp for $45.5 million in cash.
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"As HR teams head into annual review season, compensation and benefits surveys become one of the most important tools in the process," said Ellie Oehrlein, vice president, USource HR consulting services manager at United Bankers' Bank.
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Jessica Ross was named vice president of retirement plan services for Sioux City Iowa-based Security National Wealth Management.
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Derek Holt joined Alerus as senior vice president and Arizona market president.
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