Bell Welcomes Correspondent Banker in Missouri
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Working as president of a bank in Ashland, Mo., and after more than 40 years in banking, Bill Lloyd was getting ready to reduce his workweek to 3 days, and he was thrilled with the prospect. Then someone told him about an opportunity to work for Bell Bank’s correspondent team, and Bill started to investigate. In May, 2021, Bill joined Bell as a senior vice president and correspondent banking business development officer, providing lending and other correspondent banking services to Missouri banks. Read on to learn what convinced him to join Bell.
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Planning Paramount in Current Ag Environment
A record number of people attended Bell Bank’s AgViews Live agriculture conferences in July, where author and speaker Dr. David Kohl and Lynn Paulson, Bell Bank SVP/director of agribusiness development, spoke on the state of the ag economy, new mega trends and how to make long-term decisions when dealing with short-term highs and lows. In case you missed it, learn what they had to say.
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Why and How Community Banks Should Engage in Equipment Leasing
Leasing has and will continue to play a vital financing role for many agricultural producers and small- to medium-sized businesses, with growth in 2021 estimated around 10%. Unfortunately, community banks often do very little to assist their customers with leasing. Bell Bank SVP/bank channel director Mike LaSalle explains how community banks can start offering equipment leasing.
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Win This Bell Bank Golf Cart
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We’re still looking for someone to win this Bell Bank golf cart! To win, be the first person to hit a hole in one at any of the conventions where we’re participating.
See our official rules at bell.bank/golfcart, and contact your correspondent banking officer to find out where you could win this golf cart.
We hope to see you on the course!
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August Economic Outlook
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In this month’s Economic Outlook, Greg Sweeney, Bell’s chief investment officer, shares his insights on challenges in today’s investment environment.
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Quarterly Financial Report
As we sprint through another summer, we have been thinking of our farm families and the lack of moisture many have endured. Additional uncertainty related to the pandemic is also a subject that weighs heavily on many.
The bank continues to perform at record levels in many areas. Net income through the first half of 2021 was more than $68 million (excluding our transaction with WEX). Our mortgage group continues to perform at a very high level. For the first half of 2021, total loan growth was $572 million (including significant pay down of Paycheck Protection Program loans). Deposits over the same period continued to be strong at just over $1.3 billion.
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