Double-Sided Spoofing: What to Know About the Latest Fraud Threat Targeting Commercial Banking Customers
By Jaime Macumber Fraudsters are becoming increasingly sophisticated, evolving their tactics faster than most organizations can keep up. New Federal Trade Commission data reveals a 25 percent increase in financial losses due to fraud over the previous year, primarily because of the rising success of more elaborate imposter scams. One of the latest threats targeting…
Great Lake Banker Magazine
Leveraging Payment Sovereignty & Growth Opportunities To Help Banks Be More Competitive
By Emmanuel Proust Banks and financial institutions in the U.S. continue to face significant challenges in order to remain competitive. Their ability to overcome these hurdles, while understanding where the opportunities for expansion can be identified through advanced payment technologies, will be critical to realize growth in the coming years. Furthermore, the diverse U.S. payments…
ATM Total Cost of Ownership
By Joe Woods Over the past 15 years, ATM “change events” (ADA compliance, Windows operating system migrations, EMV, ATM manufacturer mandated end-of-life replacements, and continual software security mandates) have compelled many banks to look at more efficient and simple ways to manage their ATM fleets. One of the strategies for many banks is ATM outsourcing,…
What Started in Mason Didn’t Stay in Mason: Dart Bank’s 100-Year Story
In a time when banks have increasingly leaned into automating their services, Dart Bank has doubled down on its belief that technology and personal relationships can go hand in hand. What started as a small community bank in Mason, Michigan has grown into a thriving financial institution with multiple locations across the state and a…
2025’s Top Challenges and Opportunities for Community Banks
By Allison Maddock Continued adoption of open banking, enhanced cybersecurity and evolving regulatory concerns shape what financial institutions must consider when developing their strategies. However, these areas also represent a tremendous opportunity for those who adapt. CSI’s Banking Priorities Survey—which asked a cross section community bankers nationwide about their strategies and priorities for 2025—explored both,…
Unlocking SMB Growth: Why Banks Need a Dedicated Loan Origination System for SMB Success
By Adam Bieser Over 33 million businesses in the US are categorized as Small and Medium Businesses (SMBs). These SMBs are the backbone of the economy, employing 35% of the private-sector workforce. However, a recent OnDeck survey reported that 70% of these SMBs had less than four months of operating cash on hand. Furthermore, a…
Section 1033 Final Rule Provides Community Banks with the Perfect Innovation Opportunity
By Bradley Wallace After more than a year of debate and uncertainty, the Notice of Final Ruling on section 1033 is finally here. The vast majority of community banks—with the exception of those with fewer than $850 million in assets—now face a compliance timeline of about two to five years depending on asset size. But…
Havana National Bank Approaches 150th Anniversary
The Havana National Bank, opened for business on May 17, 1875, has proudly served west-central Illinois for almost 150 years. Located along the east banks of the Illinois River in Havana, Illinois, the Bank ended that day with $95,082.31 in total assets, approximately half of which came from capital stock purchased by its nine original…
Horizon Chairman Craig Dwight Retires
MICHIGAN CITY, Ind.,—Horizon Bancorp, Inc. has announced that Craig Dwight, Chairman of Board, will retire from the Board of directors effective at the expiration of his current term on May 1, 2025. The board of directors has elected Eric Blackhurst to serve as an Independent Chairperson, effective upon Dwight’s retirement. Blackhurst has served as a…
QCR CEO Retires, Transition Planned
MOLINE, Ill.,—QCR Holdings, Inc., has announced that, effective immediately following the annual stockholders meeting on May 22, 2025, Larry J. Helling will retire from his role as Chief Executive Officer of the Company and of Cedar Rapids Bank and Trust Company, one of the Company’s wholly-owned bank subsidiaries. Additionally, Helling will also retire at that…