1st State Bank Promotes Three Officers
SAGINAW, Mich.,—1st State Bank has promoted Kevin Fraser to Executive Vice President, Chief Financial Officer, Missie Freier to Senior Vice President, Business Lender and Cynthia Holliday to Vice President, BSA (Bank Secrecy Act) & Compliance Officer, according to Todd Gregory, President & CEO. Kevin Fraser joined 1st State Bank in 2009 and brings more than…
Farmers Names Todd J. Simko Chief Banking Officer
CANFIELD, Ohio—Farmers National Banc Corp. has added Todd J. Simko as Senior Executive Vice President, Chief Banking Officer. Simko brings over 25 years of experience in banking leadership and executive management positions, including roles at the FHLB in Pittsburgh, Department of Treasury, and most recently Main Street Bank. He is a proven leader who has…
Flagstar Names Eli Miller to Board of Directors
HICKSVILLE, N.Y.,—Flagstar Bank, N.A.has appointed Eli H. Miller, Senior Managing Director at Liberty Strategic Capital, to the Board of Directors. “We are delighted to welcome Eli Miller to the Flagstar Bank Board of Directors,” said Joseph M. Otting, Executive Chairman, President, and CEO. “His appointment represents a significant addition to our board as we execute…
2026’s Industry Outlook: Community Bankers’ Top Challenges, Investments and Opportunities
By Jason Young Rising competition and consumer expectations mean community financial institutions must operate more efficiently while delivering modern, personalized services. Meanwhile, advances in AI, open banking, cybersecurity and regulatory change are reshaping the industry and creating new opportunities for those who adapt. CSI recently surveyed banking leaders nationwide about how they are preparing for…
What Capping Credit Card Interest Rates Would Mean for Small Businesses
By Brian Aagaard When policymakers talk about capping credit card interest rates, it’s almost always about the average American. That makes sense. High interest rates are painful for households. But there is a group that rarely gets mentioned in these conversations and would feel the effects just as quickly: small business owners. For many small…
How Commercial Business Account Opening Drives Deposit Growth
By Nancy Schneier Modernizing commercial account opening can drive deposit growth by accelerating onboarding, improving client experience, and deepening relationships through integrated services. When banks talk about deposit growth, the conversation often centers around consumer banking, rate strategy, and marketing spend. But in today’s competitive environment, unlocking meaningful and sustained deposit growth requires looking beyond…
Smart Strategies for Leaving Assets to Your Grandchildren
By David R. de Reyna, Esq. and Jeffrey S. Sternberg, Esq. Many grandparents want to help their grandchildren financially, whether during their lifetime or through estate planning. While many people know about the $19,000 annual gift tax exclusion and the ability to pay tuition or medical expenses directly without tax consequences, there are several other…
Why Community Banks Should Write the Rules on Innovation, Not Follow Them
By Tara Schultz Community banks have more innovation paths available to them than ever before. The challenge isn’t just finding options—it’s making strategic choices that actually serve their markets. There’s no one-size-fits-all innovation strategy for community banks, yet too often the industry conversation pushes toward universal ideologies: Build everything in-house, overhaul entire foundational systems or…
What the Rise of Digital Wallets Means for Community Financial Institutions
By Tina Zulich As mobile-first behavior continues to reshape consumer payment habits, digital wallets are quickly becoming the norm, with more customers turning to their phones to handle everyday transactions. For community banks, this shift requires evolving alongside customers and reimagining what trusted, local banking looks like in a digital world. The Evolution of Digital…
The ‘Halo Effect’ of Financial Services Headquarters:
Why Smart Banks and FinTechs Are Choosing Locations Near Complementary Ecosystems By: Jessica Del Vecchio For decades, the site selection calculus for a major financial services institution, be it a legacy bank or a disruptive FinTech, has been dominated by two primary, often isolated, factors: proximity to market data feeds and exchanges, and access to…