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Keep it simple: German American CEO Mark Schroeder said he learned from an early mentor that "banking is not supposed to be exciting. It's supposed to be boring, and if it's getting exciting, you're probably doing it wrong," he said.
Mark Schroeder has led the Jasper, Ind., company to six straight years of record profit by sticking to simple model that emphasizes relationship banking and small, strategic acquisitions.

Top Stories

The Consumer Financial Protection Bureau and its director Richard Cordray are on a collision course with President-elect Donald J. Trump in what could become a legal showdown over the limits to executive power.  more »
The veteran banker, who is taking the nonexecutive chairman post at Republic First Bancorp in Philadelphia after a long hiatus from the U.S. market, stands by the model he pioneered at Commerce despite a much-changed environment.  more »
Ray Davis is stepping down as Umpqua's CEO at yearend and transitioning to a new role as head of its year-old innovation lab. In his 22 years, he built Umpqua from a sleepy local bank into a regional powerhouse and internationally recognized brand.  read more »
Three fund managers and two advisory firms have soured on PrivateBancorp's planned sale to CIBC, raising the possibility that investors could nix the deal. What would happen next is anyone's guess.  read more »
FinTech Forward
Cross River Says It Could Advise Fintechs Under New Charter
Cross River Bank, which processes payments and funds loans for fintech startups, says that if such firms got a federal charter, it could help them another way: teaching them compliance.  read more »
While the designation of the retired neuroscientist Ben Carson to run the Department of Housing and Urban Development appears to be an unusual choice, lenders are hoping he can bring a fresh perspective to the industry.  read more »
Nearly a decade after he was forced to resign as CEO of Commerce Bank in Cherry Hill, N.J., the retail banking innovator was named chairman at Republic First Bancorp, which has adopted many of Commerce's practices.  read more »
You'd rather have a heart surgeon who has done a lot of bypasses than a novice, right? Perhaps the same thinking should apply to commercial lenders, according to several university researchers challenging the orthodoxy that making too many of the same kind of loans can only spell doom.  read more »
The president of the Kansas City Fed is best known for her dissenting votes on monetary policy, but that's not the only way she stands out. Her background as a farmer and former bank examiner gives her a unique perspective among Fed officials.  read more »
Podcast
In this episode of Breaking Banks: American Banker's Innovator of the Year, John Hope Bryant of Operation Hope; Richard Brown and Charley Cooper of the blockchain consortium R3; and Ravi Srinivasan, who describes India's drastic move to stamp out cash.