Hy-Vee’s First Wahlburgers Restaurant Opens In Minnesota

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Hy-Vee amps up its partnership with the Wahlberg brothers by opening its first Wahlburgers restaurant at the Mall of America in Minnesota. The opening comes as Hy-Vee plans to open another 25 restaurants over the next few years, The Star Tribune reported. Hy-Vee Chief Executive Randy Edeker was not initially interested in the partnership. But I promised him I’d consider it,” Edeker told the newspaper.

Minority stake sets stage for potential acquisition in Minnesota

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Community banking M&A Growth strategies MinnesotaPark Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.

KleinBank to sell three branches to Minnesota credit union

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Community banking Credit unions M&A Branch deals MinnesotaWings Financial Credit Union will also gain about $40 million in deposits and $10 million in loans.

Wings Financial CU Buys Three Branches and Depositors from Minnesota Bank

Keith Leggett's Credit Union Watch

As part of the deal, the credit union will buy branches in the Minnesota communities of Coon Rapids, Otsego and Plymouth. Wings Financial Credit Union (Apple Valley, MN) has agreed to purchase three branches from KleinBank (Chaska, MN). In addition, 4,500 customer of KleinBank will become members of the credit union. Roughly $40 million in deposits and $10 million in loans will be transferred to Wings Financial.

After EMV migration, card fraud plunges at Minnesota FI

ATM Marketplace

In the past four months, the FCU says its fraud rate has dropped 64 percent — despite the fact that only a fraction of card-accepting merchants are set up for EMV transactions

Minnesota League backs winners

CU Insight

Every congressional candidate endorsed by the Minnesota Credit Union Network’s Political Involvement Committee won their races in the midterm elections. We will continue to advocate for Minnesota’s local, not-for-profit credit unions when Congress reconvenes,” MnCUN President & CEO Mark Cummins said. Uncategorized Congress Credit Union Times Minnesota Credit Union Network by: Nicholas Ballasy.

Former Minnesota credit union CEO denies embezzling millions

CU Insight

The post Former Minnesota credit union CEO denies embezzling millions appeared first on CUInsight. Margurite M. Cofell denied most of the allegations by the NCUA that she stole millions while she was the CEO of a the $51 million St, Francis Campus Credit Union in Little Falls, Minn.,

Associated in Wis. to buy risk management consultant

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Regional banks M&A Risk management Insurance Wisconsin MinnesotaAnderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.

Old National making big leap in Minneapolis with KleinBank purchase

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Community banking M&A Capital Growth strategies Indiana MinnesotaOld National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition.

Minnesota Fed Chief plans to end too-big-to-fail banks

CU Insight

The post Minnesota Fed Chief plans to end too-big-to-fail banks appeared first on CUInsight. Compliance/Regulation Minnesota Federal Reserve Neel Kashkari Too Big To Fail

Northern Star Bank in Minnesota Is Closed by State Regulators

Deposit Accounts

Blog Northern Star Bank in Minnesota Is Closed by State Regulators. Northern Star Bank in Minnesota Is Closed by State Regulators. A small Minnesota bank failed on Friday which brings the number of failures in the fourth quarter to four. The small Minnesota bank that failed was Northern Star Bank in the town of Mankato. The Minnesota Department of Commerce closed the bank on Friday and appointed the FDIC as the receiver.

Choice Financial in N.D. to enter Minneapolis with Venture Bank deal

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Community banking M&A Integrations North Dakota MinnesotaChoice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking.

Small bank's redlining settlement a cautionary tale in fighting the government

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Community banking Fair Housing Act Redlining DoJ MinnesotaAfter a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.

Ex-JPM regional exec to join Wis. community bank

BankThink

has hired the head of JPMorgan Chase’s Wisconsin-Minnesota market as its president. Community banking Recruiting JPMorgan Chase Minnesota WisconsinJohnson Bank in Racine, Wis.,

TCF profits drop on fewer loan sales, higher interest expense

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The Minnesota bank held on to auto loans, sold fewer consumer mortgages and paid more interest on deposits and long-term borrowings in the third quarter. Earnings Auto lending Commercial lending Minnesota

Bridgewater Bancshares in Minn. sets stage for IPO

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Community banking IPOs Private equity Branch banking Capital MinnesotaThe company could use proceeds from the planned offering to add branches and make bigger loans.

Two North Dakota community banks to merge

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A deal between Pembina County Bankshares and Drayton Bancor would combine two small banks that operate on both sides of the North Dakota-Minnesota border. M&A Community banking North Dakota Minnesota

Big test for ag lenders: Helping farmers weather trade war

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Ag lending Agriculture industry Trump administration Trade agreements China Minnesota Iowa IllinoisBanks are adjusting loan terms, making use of federal loan guarantees and working with farmers to find new markets, all in an effort to mitigate the damage from a likely drop in soybean exports.

Heartland in Iowa to buy Minneapolis-area bank

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Community banking M&A Capital Growth strategies Iowa MinnesotaThe company will pay $53 million in cash and stock for Signature Bank.

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UMB Financial sells asset manager it obtained in 2015

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Community banking M&A Asset management Missouri MinnesotaThe Kansas City, Mo., company sold Marquette Asset Management, a business it gained as part of its purchase of Marquette Financial Cos., to the firm's principals.

NCUA’s Metsger hammers federal judge’s field-of-membership ruling

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Field of membership Lawsuits Rick Metsger NCUA American Bankers Association MinnesotaNational Credit Union Administration board member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

Fed approves change-in-control application against wishes of Minn. bank

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Community banking M&A Capital Federal Reserve Minnesota WisconsinThe Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, declining to take into account claims the transaction imperils the target's S corporation status.

Minnesota campaign aims to eradicate ‘bankziety’

CU Insight

The Minnesota Credit Union Network’s (MnCUN) “Bankziety” program recently gained national attention after being mentioned in an article by The New York Times. Program educates consumers age 21 to 35 about the benefits of CU membership. by: Claire Dragich. The program, which spreads the word to consumers about the benefits of credit union membership, has been a creative and successful effort for MnCUN.

In Super Bowl limelight, U.S. Bank aims to become household name

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Bank MinnesotaThe bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets. Marketing Branding Consumer banking Commercial banking U.S.

TCF faces uncertain future after exiting auto lending

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Auto lending Regional banks M&A De-risking Growth Strategies Credit quality MinnesotaThe bank has taken a decisive step to protect its asset quality, but the move also raises questions about what will drive loan growth in the future — and whether the company is on the block.

Citizens Community in Wis. to buy Wells Financial in Minn.

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M&A Integrations Capital Wisconsin MinnesotaCitizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.

KleinBank in Minn. girds for fight over redlining claims

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Community banking Financial regulations MinnesotaThe Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

Minnesota Deal: 1.50% On 28-Month CDs

Bankaholic

The 28-month CD special paying 1.50% APY at SMW Federal Credit Union will take the sting out of the winter for some lucky Minnesota savers. CD Rates 28-month cd cd rates leaderboard certificate of deposit smw federal credit union

Target Brings Local Crate Meal Kits To More Stores

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Following a test of Local Crate in select stores, Target is bringing the company’s meal kits to over 200 stores in California and Minnesota. Target Spokeswoman Kate Decker told the Star Tribune in an e-mail, “Based on the results, we have decided to continue testing with a smaller assortment in various Minnesota, Texas, and California locations.”. With the Local Crate meal kits, Target is bringing them to 54 stores in Minnesota and 142 stores in California.

After strong 2Q, U.S. Bancorp vows to invest in digital expansion

BankThink

The Minnesota company's profits rose by double digits despite some challenges in the second quarter, and its CEO says it will be expanding its digital offerings to simplify banking for customers. Earnings Lending Consumer banking Commercial banking U.S.

FNB, Cummins Allison collaboration boosts branch efficiency

ATM Marketplace

James, Minnesota, to improve its customer service, Cummins Allison says A trio of new cash-management devices will allow First National Bank of St.

TCF raises bet on inventory finance, but is it overplaying its hand?

BankThink

The move toward more asset-based finance shows how CEO Craig Dahl, in his second year at the helm, is reshaping the Minnesota company after its surprise exit from auto lending last year. Commercial lending Auto lending Regional banks

Pawlenty to leave Roundtable as he mulls gubernatorial run

BankThink

Former Minnesota Gov. Tim Pawlenty said Tuesday he is resigning as CEO of the Financial Services Roundtable as speculation grows that he plans to run for governor again. Policymaking Regional banks Lobbying C-suite Tim Pawlenty Brian Moynihan

Caution for big guys, hope for little ones

Matt Wilcox Pro

TODAY’S OBJECT LESSON begins in the mid 19th century, when a Minnesota jewelry store declined a shipment of watches. Railroad agent Richard Sears purchased the shipment, peddled the watches, and ordered more.

Tax reform proves timely for TCF

BankThink

The Minnesota bank was able to realize a large net tax benefit in the same quarter it took a big charge to exit auto lending, so in the end its profits doubled. Earnings Commercial lending Auto lending

Granite Bank in N.H. Hires Minn. Banker as CEO

American Banker

has named a Minnesota community banker as its new chief executive. Granite Bank in Colebrook, N.H., breaking_news people nh mn succession-planning recruitment community-banking

Tesla ‘Supercharges’ Charging Stations With Retail

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The business, which is called TREVLS, opened at the Mall of America in Bloomington, Minnesota. When football fans arrived in Minnesota, they had the opportunity to take advantage of cheaper rentals by driving a Tesla for as short a time period as an hour. “We’re

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Sweetening the savings pot

CU Insight

There are plenty of good reasons to save , especially now that the Minnesota Credit Union Network has sweetened the pot with its WINcentive prize-linked savings program. The repeal of that restriction in 2014 cleared the way for Minnesota’s law.

Independent Community Bankers of Minn. Names CEO

American Banker

The Independent Community Bankers of Minnesota said Jim Amundson will be its next president and chief executive. people breaking_news mn community-banking

Credit unions, let’s not be cab drivers, let’s be Uber!

CU Insight

Asked Jim Nussle , CEO of CUNA to the credit unions in attendance at the Minnesota Credit Union Network’s annual meeting held last week in Minneapolis.