
Pruitt named to Chicago Fed board
Kristin L. Pruitt, president of Lake City Bank, Warsaw, has been elected to the Federal Reserve Bank of Chicago’s board of directors.

Kristin L. Pruitt, president of Lake City Bank, Warsaw, has been elected to the Federal Reserve Bank of Chicago’s board of directors.

The all-cash deal is valued at $40 million.

Reading Time: 4 minutesCommunity banks are the backbone of local economies, and the regulatory environment that governs them is undergoing significant change.

North Salem State Bank appointed Jeff Joyce, its chief financial officer, to its board of directors effective January 1, 2026.

Reading Time: 4 minutesMarket adjustments, counteroffers and off-cycle raises, while well-intentioned and driven by legitimate business needs, pose a common, source of employment litigation risk.