Grand River Bank Names Drew Ysseldyke President and CEO
GRANDVILLE, Mich., — Grand River Bank has promoted Drew Ysseldyke to President & Chief Executive Officer. This completes a transition process that began when Ysseldyke joined the Bank as president in April 2023. He succeeds Pat Gill, who has served as CEO since 2012 and who will continue as an advisor and board member. Immediately…
Great Lake Banker MagazineGina Breslin Appointed to JBT Board
JONESTOWN, Pa., — Gina Breslin has been named to the boards of JBT Bancorp, Inc. and its subsidiary Jonestown Bank & Trust Co. Breslin is a Shareholder and Consultant with North Group Consultants, an organizational health and leadership development firm located in Lititz, PA. In her role, Breslin provides leadership to the firm by shaping…
Rajek Named Peoples Commercial Group Leader
WAUSAU, Wis., — Senior vice president Erik Rajek has been promoted to commercial group leader of Peoples State Bank. “Erik brings significant experience to this role, with over two decades as a commercial banker and producer in multiple Wisconsin markets,” said Scott Cattanach, Peoples State Bank president and CEO. “He brings a fresh approach as…
ChoiceOne’s Jackson, VanderWoude Complete GSB Certification
SPARTA, Mich.,— ChoiceOne Financial Services, Inc., and ChoiceOne Bank have announced that Andy Jackson and Nate VanderWoude graduated from the Graduate School of Banking Program at the University of Wisconsin – Madison in the top five percent of their class. Jackson and VanderWoude also received the prestigious Certificate of Executive Leadership from the Wisconsin School…
50 Years Ago: Policy Debates Fuel a Surge of State Community Banking Associations
By Jack Hopkins Several state community banking associations in the Great Lakes region and beyond have celebrated 50th anniversaries this year and in 2023, pointing to an outbreak of industry organization a half-century ago. While the formation of these state associations in the mid-1970s was part of a debate over banking policy that lasted years,…
Community Banking and Risk Premia
By Corey Chambas As a fundamental economic principle, there is typically a fair trade-off between risk and return. In the investment world, where risks are taken on various asset classes, risk premia are the returns received above the risk-free rate earned in exchange for taking that risk. Where there are sufficient buyers and sellers of…
Navigating the Green Frontier: The Challenges and Opportunities of Cannabis Lending
By Alex Leonowicz From an outsider’s perspective, the cannabis industry can look rosy. For instance, the state of Michigan is on pace to hit a record ‘high’ $3.2B in overall sales in 2024, highways are littered with cannabis billboards and many dispensaries still have lines out the door. The industry is massive. But, a closer…
Cybersecurity and AI — What Community Banks Should Know
By Steve Sanders Artificial intelligence (AI) has dominated headlines and conversations over the last year, with various industries exploring what this technology means for automation, collaboration, communication and more. However, new challenges come with those opportunities to streamline processes, particularly in cybersecurity. Banks should know the following perils and tips to minimize risk when incorporating…
Doing Your Homework: Why Online Reviews Matter for Banking Decisions
By Corey Wrinn Why ask one person for a recommendation when you have the wisdom of millions at your fingertips? Online reviews have become a crucial factor in shaping consumer decisions across various industries, including the banking sector. The influence of these crowdsourced opinions is undeniable, as consumers increasingly seek transparency and authenticity in their…
How CFPB’s Rule 1033 Could Affect Data Rights and Open Banking
By Bradley Wallace The Consumer Financial Protection Bureau (CFPB) estimates that 100 million consumers have authorized third parties to access their data. That data drives endless business decisions and capabilities. But financial institutions and technology developers must also be aware of regulations regarding consumers and their rights over their data. One such proposed regulation, Rule…