Nebraska bank is first failure of 2020

American Banker

FDIC Failures Community banking NebraskaEricson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.

First State Bank Nebraska Offers Multi-State Rewards Checking Account

BankDeals

First State Bank Nebraska offers its First Rate Checking with competitive rates to residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming

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Wyoming and Nebraska credit unions to merge

American Banker

Credit unions

Nebraska voters chose to cap annual interest charged for payday lending at 36%

CFPB Monitor

In last week’s election, Nebraska voters passed Initiative 428, a ballot measure that places a 36 percent APR cap on payday loans. This interest rate cap effectively curtails state licensed payday lending in the state of Nebraska.

Nebraska bank teams with fintech to help businesses avoid cash crunches

American Banker

Fintech Community banking Commercial banking Small business

Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options

PYMNTS

Meanwhile, Nebraska Sen. Mike Flood introduced two bill drafts to allow Nebraska’s banks to provide digital asset custodial services, Cointelegraph reported.

Cannabis and gambling: State ballot measures that matter to banks

American Banker

Payday lending South Dakota Data privacy California Nebraska Marijuana banking Law and regulationReferendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors.

Jail Time for Former CEO of Failed Nebraska Bank

American Banker

The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators. breaking_news law-regulation people enforcement ne community-banking

Are New Jersey and South Dakota becoming the new tech hiring hotspots?

BankInovation

Carousel Innovation Strategy Premium Mendix Nebraska New Jersey software developers South Dakota tech talent UtahTech hiring is no longer confined to Silicon Valley.

Sandhills State Bank to Buy Bank of Keystone in Nebraska

American Banker

Sandhills State Bank in Bassett, Neb., has agreed to buy Bank of Keystone in Keystone, Neb. breaking_news community-banking m-a ne dealmaking-strategy

This Time, We Want You To Drink The Kool-Aid

PYMNTS

It’s even flavored in much the same way as it was when Edwin Perkins first set up shop in Hastings, Nebraska in 1927. “We We imagine, though we can’t be certain, that the good people of Hastings, Nebraska, and most of Kraft’s executive team deeply wishes Jim Jones had been more of a Tang fan. Apart from being rolled onto the market in Nebraska in 1927, we have a few other fun facts about the fruity, sweet beverage. Kool-Aid kind of gets a bum rap.

How much bang did CUNA get for its 3 million bucks on Election Day?

American Banker

Maine Elections Election 2020 Montana Politics Lobbying Nebraska Michigan CUNA New MexicoThe trade group supported 11 incumbents running for re-election, including the embattled Maine Sen. Susan Collins, and may have helped Republicans maintain control of the Senate.

First National of Omaha to drop NRA card partnership

Payments Source

Credit cards Consumer banking Community banking First National Bank of Omaha Visa NebraskaFacing pressure to act on gun control laws, the bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card.".

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Farmers Bank Offers Top-Rate Kasasa Cash In 7 States

BankDeals

Farmers Bank's (IA) Free Kasasa Cash (3.00% APY, up to $25k) is available to residents of Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin

Farmers State Bank (NE) Offers Kasasa Cash Statewide

BankDeals

Farmers State Bank (Nebraska) is offering its Kasasa Cash checking account and a companion Kasasa Saver savings account on a statewide basis

Rural U.S. states get larger share of PPP loans in latest round

American Banker

A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota.

Frontier Bank's Big Deal Cash Checking Available In Five States

BankDeals

Frontier Bank's Big Deal Cash checking and its companion Big Deal Saver savings account is available online in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota

Inside First National Bank of Omaha’s seven-person innovation lab

Bank Innovation

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The 162-year-old bank is remodeling the group's workspace to resemble a startup, with open, collaborative offices and Apple TVs adorning the walls. The goal is to […].

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Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

Four Points FCU's Unique Money Market And Checking Accounts

BankDeals

Four Points Federal Credit Union's field of membership includes all residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming

CEO of Cobalt Credit Union set to call it a career

American Banker

Gail DeBoer has announced her plans to retire in early 2021 after more than three decades at the Nebraska-based institution. C-suite Career moves Credit unions Career advancement Workforce management Succession planning

PCSB Bank Offers Kasasa Brand Products In 4 States

BankDeals

PCSB Bank (IA) offers its Kasasa Cash checking account and Kasasa Saver savings account to residents of Iowa, Kansas, Missouri, and Nebraska through online application

New PFM App Hip Money Comes to Market

Bank Innovation

Nebraska-based software Read More. In the long list of startup finalists competing at South by Southwest 2017 hides a brand new personal finance management app. Hip Money – a new app by Hip Pocket – adapts the millennial habit of “swiping” to help them save and pay down debt through a mobile app. Mobile Operations Payments Startups Technology apps Hip Money Hip Pocket millennials Personal Finance Management PFM

Camping World Unveils Growth Plans In Three States

PYMNTS

has unveiled expansion plans in Montana, Nebraska and Delaware. The company said that plans are in different phases of development in the Billings, Montana; Lincoln, Nebraska; and Georgetown, Delaware markets. “We

US Voters Approve Sports Betting, Casino Gaming Expansions In 6 States

PYMNTS

The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. One big winner of Tuesday's elections was the U.S.

Ag Banker Frank Bruning, Loss of an Industry Icon

ABA Community Banking

At the time of his death, Bruning was 94 and chairman emeritus of Bruning Bank in Bruning, Nebraska. The agricultural banking community lost an industry icon with the passing of Frank Bruning on June 1.

PayPal Puts Together Crypto Support Team In Ireland

PYMNTS

California, New York City, Nebraska, Arizona, Florida, Guatemala and Israel. PayPal is building a "small team" of cryptocurrency experts in Ireland as the payments company increases customer offerings related to bitcoin and other digital currencies, Ireland's "Independent" newspaper reported.

Attorneys General Ask Congress to Regulate Big Tech

PYMNTS

Those who signed the letter, according to the report, include Phil Weiser of Colorado, Letitia James of New York, Rob Bonta of California, William Tong of Connecticut, Douglas Peterson of Nebraska, Jeff Landry of Louisiana and Sean Reyes of Utah. A group of U.S.

FinTech Company Nubank Eyes $2B IPO

PYMNTS

One of the largest drivers in Nubank’s upward funding momentum is Berkshire Hathaway, a Nebraska-based real estate company owned by philanthropist and business mogul Warren Buffett.

Today in Restaurant and Grocery Tech: Robotics Hit the Supermarket

PYMNTS

23) that it is deploying Simbe Robotics’ Tally inventory management robots at locations in Iowa, Nebraska and Missouri.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Former NCUA Chairman Matz Joins Bank Board

American Banker

Debbie Matz, a former chairman of the National Credit Union Administration, has joined the board of Mutual of Omaha Bank in Nebraska. law-regulation breaking_news community-banking

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Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

Google is also being investigated by attorneys general from several states, including California, Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina. An approximate $2.2 billion all-stock merger deal between First Citizens and CIT Group will result in the creation of the 19 th biggest U.S.

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Texas AG Paxton: More States Could File Antitrust Lawsuits Against Google 

PYMNTS

A bipartisan group of states — Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah — is planning to file an antitrust lawsuit against Google sometime in this month.

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