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Ceridian Introduces Digital Wallet For Real-Time Employee Payments

PYMNTS

Human capital management (HCM) software as a service (SaaS) firm Ceridian is launching Dayforce Wallet to give people the flexibility of getting paid in real-time, whenever they want it. Headquartered in Minneapolis, Ceridian went public in 2018 and its stock is listed on the New York Stock Exchange and Toronto Stock Exchange.

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Grocery Stores Shutter In-Store Pharmacies

PYMNTS

The Wall Street Journal quotes Phillip Breker, who managed a pharmacy at Minneapolis-based grocery chain Lunds & Byerly, now closed down. Pharmacies in regional chains, like Sacramento, CA-based Raley’s Supermarkets, are downsizing, and the aforementioned Lunds & Byerly has shuttered all its pharmacies.

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New U.S. Bancorp Hire Part of Wealth Management Push

American Banker

The Minneapolis company's addition of Karen Wimbish, a former Wells Fargo executive, to oversee wealth management products is one of several moves by U.S. Bancorp as it builds up its investment-advisory services.

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U.S. Bancorp eyes another 15% reduction in branches

American Banker

The Minneapolis company says the majority of branches earmarked for closing have already been shuttered for months due to the pandemic. Some of the savings will be plowed back into digital expansion.

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U.S. Bancorp Names New CFO in Executive Shuffle

American Banker

Bancorp in Minneapolis said Terry Dolan will become its chief financial officer on Aug. Dolan currently serves as vice chairman of wealth management and securities services.

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The Greatest Show On Commerce Turf

PYMNTS

The Host Committee estimates 1 million people will flock to Minneapolis on game day and the 10 days prior. The normal population of the region is only around 400,000. Locally, Nicollet Mall will be festooned with free activities, and the Minneapolis Convention Center has reportedly been turned into a “Disneyworld for football fans.”.

Minnesota 101
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2021 GonzoBanker Awards

Gonzobanker

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Congrats to Randy and a great management team.

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