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


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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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.

Cobalt promotes insider to take over for retiring CEO

American Banker

Career moves Credit unions Nebraska Succession planningThe Papillion, Neb.-based based credit union has appointed Chief Operations Officer Robin Larsen to succeed Gail DeBoer.

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.

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


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

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.

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

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


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.

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


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

Farmers State Bank (NE) Offers Kasasa Cash Statewide


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

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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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

Second Google Lawsuit May Be Filed Next Month By State AGs


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).

Farmers Bank Offers Top-Rate Kasasa Cash In 7 States


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

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

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


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. Bruning began his career in 1964, taking a position at the bank his grandfather helped launch in the late 1800s. [.]. The post Ag Banker Frank Bruning, Loss of an Industry Icon appeared first on ABA Banking Journal. Ag Banking Community Banking Rural banking

Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business


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

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States


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.

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


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


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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Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States


Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

PayPal Provides $5M In Grants To Support Minority Businesses


PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S. recovering from the economic impact of COVID-19 pandemic, the company announced Friday (Sept.

NYC Quarantine Violators Could Face Fines Of Up To $10K


The rules require anyone traveling from Alaska, Indiana, Delaware, Maryland, Missouri, Montana, North Dakota, Nebraska, Virginia and Washington to quarantine for 14 days before being allowed to travel freely in those states. .

State AGs To Press Own Case Against Google


The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

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US AGs Prepare Probes Into Big Tech


Many AGs are meeting with FTC officials at a workshop in in Omaha, Nebraska, where they will reportedly speak on the issues. Landry will appear on a panel, and so will Tennessee Attorney General Herbert Slatery III and Nebraska Attorney General Doug Peterson. The Wall Street Journal is reporting that state attorneys general are preparing to launch their own investigations into big tech companies like Facebook and Apple.

Primaries Hit Weakest Store Front Performance States


From rough sledding in Nebraska to West Virginia, where conditions are best described as dismal, the voters voting today are hoping for a turnaround soon. Nebraska. The only metric that Nebraska bested its regional benchmarks on happened to be real wages and that by only 10 basis points. The overall number, for Nebraska, showed growth of 2.3 The primary — at least, on the Republican side — is basically over but for the final counting and the balloon drop.

Payments Firm i2c Opens Op Center In Omaha


Smart payments and integrated commerce firm i2c said Tuesday that it is opening an operations center in Omaha, Nebraska. That center will be operational during the second quarter of this year. The Omaha location will be used, the company said in a release Tuesday , to expand the account management, operations and client services divisions, and will also be the setting of a network operations center.

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Chase Plans Expansion In Top US Markets In 2019


Chase said it will also open branches in locations close to major universities in Auburn, Alabama and Lincoln, Nebraska. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston. Chase plans to open 90 new branches and hire 700 employees by the end of 2018.

SBA Emergency Loan Program Bombarded With Over 3 Million Applications


A hair salon owner with locations in Iowa and Nebraska said he hadn’t received any funds after weeks of waiting. After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low on funds. The Emergency Injury Disaster Loan program, run separately from the SBA, gets funding from the government usually for things like tornadoes or other disasters.

Steve Mnuchin: Stimulus Money Should Hit Within 3 Weeks


Asked what people should do with the money they receive (“… twelve hundred dollars takes you a lot farther in Nebraska than it does in California,” journalist Margaret Brennan pointed out), Mnuchin said he hoped the machinery of the economy would be spurred to keep people out of the red for a few weeks.

DC Bar: Lawyers Allowed To Take Digital Currency As Payment


This decision comes on the heels of other bars, including New York City, Nebraska and North Carolina, also deciding recently to allow virtual currency as payment, according to Bloomberg Law. Washington D.C. lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar.

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