First National Bank of Michigan Adds Tim Hoekstra as VP, Commercial Lender
KALAMAZOO, Mich., — First National Bank of Michigan has appointed Tim Hoekstra Vice President, Commercial Banking. In this role, Hoekstra will focus on building banking relationships in the greater Kalamazoo and Portage areas. “We are happy to welcome Tim back to the team,” commented Chris Mars, Kalamazoo Commercial Banking Group Manager at FNBM. “His strong…
Huron Valley Names McMahon Finance Manager
MILFORD, Mich., — Huron Valley State Bank has appointed Brendan McMahon, CPA, Finance Manager. McMahon brings over 15 years of experience in finance and taxation, with a background in banking, underwriting, and credit. McMahon began his career as an Associate at Merrill Lynch, where he was promoted to Financial Advisor after two years. He later…
F.N.B. Corporation Promotes Insider to Chief Audit Executive
After Nearly 30 Years of Service, Christine Tvaroch Is Succeeded by Ronda Edkins PITTSBURGH, — F.N.B. Corporation Chief Audit Executive Christine Tvaroch is retiring after nearly 30 years of service to the Company. She will be succeeded by Ronda Edkins, who joined FNB in 2023 as Chief Operational Risk Officer. “Christine has been an asset…
Middlefield Rings Nasdaq Opening Bell
NEW YORK, — Middlefield Banc Corp. celebrated its 10th anniversary of its listing on the Nasdaq Stock Market by ringing the Opening Bell on Tuesday, August 27, 2024. “It is an honor to represent Middlefield by ringing the Nasdaq Opening Bell and celebrating our 10th anniversary on the Nasdaq Stock Market. Since listing on Nasdaq…
The Rise of Payments Hubs in Community Banking
By Kristen Jason and Mark Majeske Instant payments represent an opportunity for community banks to meet the ever-growing demands of their customers. However, they have to first think about how they will connect. One such solution that has gained significant traction is the adoption of payments hubs. To explore this trend and its implications for…
Adapting to Serve: Leveraging Technology to Connect with Financially Underserved Customers
By Brad Tompkins In April, the Federal Deposit Insurance Corp. (FDIC) unveiled a revised economic inclusion plan aiming to advance financial stability by encouraging lending in underserved communities. According to the FDIC website, the second stage of this plan is building household financial stability, specifically by increasing the percentage of households that have access to…
Loan Participations Plant the Seeds for Lending Growth
By Peter Glick When one of your best customers approaches your community bank about a new loan, ideally, you would always be able to say yes. Regulations, however, set limits on how much funding lenders can provide borrowers. Community banks have options however to meet these regulatory requirements and still meet the needs of their…
Associated Reports Q2 Earnings
GREEN BAY, Wis., — Associated Banc-Corp reported Q2 2024 earnings of $80 million and $0.52 per share compared to Q1 2024 earnings of $78 million and $0.52 per share and Q2 2023 earnings of $84 million and $0.56 per share. “After demonstrating an ability to execute with Phase 1 of our strategic plan, we continued…
QNB Reports Q2 Earnings
QUAKERTOWN, Pa., — QNB Corp., the parent company of QNB Bank, has reported Q2 2024 net income of $2,465,000 and $0.67 per share compared to Q2 2023 net income of $1,887,000 and $0.52 per share. For the six months ended June 30, 2024, QNB reported net income of $5,059,000 and $1.38 per share compared to…
OVBC Posts Dividend
GALLIPOLIS, Ohio, — The board of directors of Ohio Valley Banc Corp. has declared a cash dividend of $0.22 per common share payable on Aug.10, 2024 to shareholders of record on July 26, 2024.