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Alerus Financial Corporation Reports Fourth Quarter 2021 Net Income of $12.7 Million and Record Annual Net Income of $52.7 Million

27.01.2022 - Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $12.7 million for the fourth quarter of 2021, or $0.72 per diluted common share, compared to net income of $13.1 million, or $0.74 per diluted common share, for the third quarter of ...
United Kingdom United States East Lansing City Of Katie Lorenson Exchange Commission

Brokered Deposits: FDIC Adds an ‎Additional Business Relationship to the Primary Purpose ‎‎Exception | Locke Lord LLP

Effective January 10, 2022, the Federal Deposit Insurance Corporation (“FDIC”) issued a final rule ‎‎(the “Primary Purpose Rule”) that adds a specific business relationship that...
Deposit Insurance Corporation Effective January Federal Deposit Insurance Corporation Primary Purpose Exception Federal Deposit Insurance Act Primary Purpose Rule

Unsafe and Unsound Banking Practices: Brokered Deposits

Agency: " Federal Deposit Insurance Corporation." SUMMARY: The FDIC is identifying an additional business relationship, or "designated exception," that meets the "primary purpose" exception to the deposit broker definition. FOR FURTHER INFORMATION CONTACT: Division of Risk Management Supervision: Rae-Ann Miller, Associate Director, 898-3898,...
United States Vivekv Khare Jamesp Sheesley Rae Ann Miller Legal Division Deposit Insurance Corporation

Kansas City Fed: Prospects for 2021 Farm Income Remain Strong, But Input Costs Have Risen Considerably • Farm Policy News

In an update earlier this month from the Federal Reserve Bank of Kansas City, “Limited Demand for Farm Loans, But Strong Profits for Ag Banks,” Nathan Kauffman and Ty Kreitman stated that, "Agricultural lending at commercial banks continued to decline but showed some signs of stabilizing in the third quarter."
Nathan Kauffman Federal Reserve Bank Kansas City Farm Loans Strong Profits Call Report

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China Siap Perang, Kapal Serbu Amphibi Terbesar PLA Gelar Latihan Penyerbuan Helikopter

China Siap Perang, Kapal Serbu Amphibi Terbesar PLA Gelar Latihan Penyerbuan Helikopter Tentara Pembebasan Rakyat China atau PLA terus memperisiapkan diri untuk menghadapi perang saat penyerbuan ke Taiwan atapun perang di Laut China Selat Senin, 28 Juni 2021 10:45 Penulis: Alfred Dama Global Times Kapal serbu amfibi Tipe 075 ketiga China diluncurkan dari Galangan Kapal Hudong-Zhonghua di Shanghai pada 29 Januari 2021  POS KUPANG.COM - Tentara Pembebasan Rakyat China (PLA) terus memperisiapk...
Navy Soldiers Liberation Folk Ready War Heading Mussel Soldiers Liberation Folk Sea South Wrong Ship Assault Amphibious

First National Bank Alaska Announces Unaudited Results for First Quarter 2021

Press release content from Business Wire. The AP news staff was not involved in its creation. First National Bank Alaska Announces Unaudited Results for First Quarter 2021 May 6, 2021 GMT ANCHORAGE, Alaska--(BUSINESS WIRE)--May 5, 2021-- First National Bank Alaska’s (OTCQX:FBAK) unaudited net income for first quarter 2021 was $14.0 million, or $4.41 per share. This compares to net income of $14.1 million, or $4.47 per share, for the same period in 2020. Total interest and loan fee income for ...
United States Betsy Lawer Cheri Gillian First National Financial Institution Examination Council Bank To Work
Source: apnews.com

Independence Bank Receives National Recognition for Agriculture Lending

Independence Bank has been recognized at the national level for its dedication to agricultural lending. Kayla Altman with Independence Bank says their talented team of Agricultural Loan Officers landed the bank in the top 100 farm lenders by dollar volume in the nation, according to the American Banker Association. She says with over $288 million in total farm loans at year end 2020, Independence Bank was the only bank in Kentucky recognized on the list that was compiled using the quarterly Cal...
United States Greg Mullican Jimmy Dan Hicks Kayla Altman American Banker Association Independence Bank

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