FM Bank to be Acquired by Merchants Bancorp

Farmers-Merchants National Bank announced this week it will be acquired by Merchants Bancorp (Nasdaq: MBIN), subject to shareholder and regulatory approval.

As a shareholder and director of FMNB since 2012, I’ve learned a lot about banking, bonds, credit, and compliance. I enjoyed relationships with bank president Tom McCabe and the rest of the board. I’m pleased that we as a management and board were proactive and successful in pursuing a strategic plan that brought an outstanding return for shareholders, no loss of jobs for employees of the bank, and continuity of banking services for the communities we serve.

Congratulations team on many years of faithful service leading up to this milestone achievement.

We’re Hiring: Business & Investment Analyst

We’re looking for one analytical thinker to join our mini-headquarters team. The mission of this team is to find, analyze, and make investments in public and private businesses, including startup companies locally and throughout the midwest. We also work to increase the success of businesses we own all or part of by providing strategic input, timely capital infusions, and connections to our network of resources.

As the analyst on our team you’ll screen potential investments, gather and analyze information about them, develop theories and models about factors that will influence their failure or success, and participate closely in decisions about them. You’ll also get to go beyond abstract analysis, and look at real-world data in our business holdings to find opportunities for management to improve their strategies and results.

We’re a small team, so you’ll get a chance to apply your skills to the variety of projects we are working on, some outside the scope of typical analyst work.

You’ll need strong logical and mathematical reasoning skills. You’ll need a propensity to absorb volumes of information, distill the important parts, creatively generate theories about the key factors, and put those into spreadsheet models that clarify the situation and provide predictive, actionable insight. You don’t need prior experience in the financial industry.

Paid time off.
Flexible work schedule and the option to work remotely some days.
A stipend for health insurance in lieu of a group insurance plan.

We celebrate diversity and we are committed to creating an inclusive environment for all employees. We encourage all interested candidates to apply.

[Thank you to the 100+ candidates who applied for this position. As of May 1, 2018 we have filled the position.]

 

ATS Rentals Acquired By Lensrentals.com

I am excited to announce that ATS Rentals has been acquired by Lensrentals.

I started ATS Rentals to make gear rentals easy, affordable, and available to everyone. I couldn’t be more pleased to announce this sale to Lensrentals, an industry leader who shares those values.

Terms of the deal were not disclosed. Lensrentals will absorb the customers and operations from ATS Rentals into their Memphis facility. The ATS Rentals facility in Piper City, IL will close following a transition period.

I am deeply grateful to the many thousands of customers who made ATS Rentals a success. I am even more grateful to the staff and managers at ATS Rentals who did hard work, skilled work, and kind work — dedicating themselves to taking care of every customer.

A New Home for Hopscotch

Local pastry chef Kaya Tate is taking her successful business, Hopscotch Bakery, to the next level. She’s rehab’ing a building at 802 W John St., in Champaign, IL to house her new bakery and cafe. We’re impressed by Kaya’s business results and thrilled that she chose First Leaf Capital to provide financing for this expansion.

This video describes the expansion project

SNOOZ Sleep Noise Machine Released

After years of design work and ramping up manufacturing, First Leaf Capital portfolio company SNOOZ has released the SNOOZ White Noise Machine. It’s now available to buy retail here: SNOOZ on Amazon. The SNOOZ team has done meticulous work on thousands of tasks to bring this great product to the market. It’s already selling well. Congrats guys!