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Deposits, Politics, Tech: MBA’s Executives Consider 2019

By Bill Poquette and Alaina Webster

Liquidity is a top concern of both bankers and their regulators. As such it occupied a prominent spot on the program for the Missouri Bankers Association’s recent Executive Management Conference. As one of the leadoff speakers for the Dec. 5-7, 2018 meeting in Kansas City succinctly described the situation, loan growth continues to outpace deposit growth, and banks have shifted cash flows from investments into loans.

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Chemical Financial Corp. and TCF Financial Corp. Announce Merger of Equals

Detroit-based Chemical Financial Corp. and TCF Financial Corp., headquartered in Wayzata, Minn., announced a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, TCF will merge into Chemical, and the combined holding company and bank will operate under the TCF name and brand following the closing of the transaction.

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Citizens Community Bancorp Inc. to Acquire F&M Bancorp of Tomah Inc.

Citizens Community Bancorp Inc., the parent company of Citizens Community Federal, N.A., Eau Claire, Wis., and F&M Bancorp of Tomah Inc., the parent company of Farmers & Merchants Bank of Tomah, Wis., announced an agreement for Citizens to acquire F&M and F&M Bank in a cash and stock transaction valued at approximately $21.6 million. F&M Bank, which has two branches in Tomah, has total assets of $194.6 million and total equity of $22.6 as of Sept. 30, 2018.

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Bank First National Corp. to Acquire Partnership Community Bancshares Inc.

Bank First National Corp., the holding company of Bank First, N.A., Manitowac, Wis., announced an agreement with Partnership Community Bancshares Inc., parent company of Partnership Bank, Cedarburg, Wis., under which Bank First has agreed to acquire 100 percent of the common stock of Partnership in a combined stock-and-cash transaction.

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Heartland Financial USA to Expand Kansas City Presence

Dubuque-Iowa based Heartland Financial USA Inc. and Blue Valley Ban Corp. jointly announced a definitive merger agreement pursuant to which Heartland will acquire BVBC and its wholly owned subsidiary, Bank of Blue Valley, headquartered in Overland Park, Kan.

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