Banks articles

Mary Quist presents Jim Amundson with an honorary $20 million check

Medica’s $20 million deposit at community banks

Medica’s $20 million deposit at community banks

Often, our good deeds have a butterfly effect among those around us. As health insurer Medica deposits $20 million across dozens of community banks in Minnesota, it will allow these institutions to make more loans locally and spur economic activity. By Ed Avis When leaders at Medica, a nonprofit health insurer in Minnesota, sought an […]

A hand flipping a switch

LIBOR: What are your options after it ends?

As LIBOR’s retirement approaches, here’s what community banks can do now to prepare for the switch, even if they haven’t settled on which index they plan to use. By Katie Kuehner-Hebert The retirement of the London Interbank Offered Rate, or LIBOR, is fast approaching. Community banks that use LIBOR to price certain loans should be […]

COVID-19’s ripple effect on lending

The COVID-19 pandemic has reshaped daily life, including how community banks and their business customers interact. It’s precisely because of the crucial role they play in their communities that community banks have stepped up to aid customers, provide financial relief and continue to make loans during this uncertain time.  By Beth Mattson-Teig Community bankers are […]

best of the best

ICBA’s best-performing community banks

Our annual list of the year’s top-performing community banks boasts institutions that focus on efficiency and the personal service that builds strong, lasting relationships. Their success last year has set them up to ride out this year’s storm. Less Than $300 Million By William Atkinson State Bank of Wheaton stays lean and green Drew Donnelly, […]

Pat Hickman standing in front of a Happy Bank Volkswagen Beetle

4 community banks with eye-catching names

These community banks know you never get a second chance to make a first impression. From Ergo Bank in Wisconsin to Happy State Bank in Texas, we uncover the roots of four banks’ eye-catching monikers—and offer tips for a successful rebranding. By Katie Kuehner-Hebert Community bankers know their bank’s name isn’t simply a name. Whether […]

Noah Wilcox

How Noah Wilcox fell in love with community banking

Despite being born into a family of community bankers, it took time for Noah Wilcox of Grand Rapids State Bank and Minnesota Lakes Bank to embrace the industry. But after discovering the impact community banks can have on their customers’ lives, he was a convert. Today, ICBA’s incoming chairman is all in on the community […]

Community banks make banking magic in Orlando

With 1,500 people moving there every week—and stellar job growth over the past four years—the Orlando, Fla., metro features a competitive banking environment where the opportunities are open for enterprising community banks. By Bridget McCrea | Illustrations by James Taylor Orlando, Fla., is well-known for its warm climate, short drive to the beach and one […]

Pocket watch

Secrets of 4 community bank–fintech partnerships

Community banks and fintechs are working together to boost internal efficiency and improve the customer experience. But good partnerships don’t just run like clockwork. They require close collaboration, risk-taking and the alignment of strategic visions. Here’s what some of these partnerships look like in reality. By Mary Yerkes Today’s banking industry is all about innovation. […]

Community Bank CEO Outlook 2020: How your peers plan to grow

Independent Banker’s Community Bank CEO Outlook survey asked community bank leaders how they plan to grow their institutions this year. The results of this year’s survey reveal what community bankers have planned for 2020, from adopting new technology to growing deposits. By Kelly Pike, Illustrations by Edu Fuentes Ask any self-help guru, and they’ll tell […]

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