MerhantsBanks

APRIL 20, 2020

Merchants Bank is one of 40 banks in the state to be named a Community Champion by the Minnesota Bankers Association in recognition of the Bank’s local community contributions, service and support. “We We are proud to be recognized for our community engagement efforts in 2019, but the current state of the world provides a stark […].

Minnesota 52

Minnesota Community 52

American Banker

MAY 14, 2024

Stearns Bank in Saint Cloud is working with the on-demand payment technology firm Reset to launch an earned-wage card for blue collar and immigrant families struggling with access to money.

Minnesota 81

Minnesota Marketing Cards Technology 81

American Banker

MAY 15, 2024

The $116 million deal to acquire HMN Financial in Rochester would mark the 26th acquisition of this century for Alerus. The transaction is slated to close in the fourth quarter.

Minnesota 48

Minnesota Community Bank Community Lending 48

American Banker

JULY 1, 2020

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank.

Minnesota 44

Minnesota Michigan Community Bank Community 44

American Banker

JUNE 2, 2023

The state's law does not cap rates at the level preferred by consumer advocates, but it does limit the availability of payday loans that carry annual percentage rates between 36% and 50%.

Minnesota 69

Minnesota Policies Lending 69

CFPB Monitor

MARCH 4, 2024

Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

Rhode Island 78

Rhode Island Nevada Minnesota Regulation 78

CFPB Monitor

FEBRUARY 21, 2024

On February 14, 2024, the Minnesota Bankers Association and Lake Central Bank (the “Plaintiffs”) filed their memorandum in opposition to the Federal Deposit Insurance Corporation’s (FDIC) motion to dismiss their challenge to the FDIC’s supervisory guidance on NSF fees.

FDIC 78

FDIC Minnesota 78

American Banker

MARCH 27, 2024

VersaBank in London, Ontario, agreed nearly two years ago to buy a small Minnesota bank. The buyer's CEO says he remains hopeful approval will come soon.

Minnesota 74

Minnesota Regulation Community Bank Community 74

American Banker

SEPTEMBER 3, 2020

The California company has acquired Mid-Central Federal Savings Bank, which is converting to a national bank.

Minnesota 88

Minnesota Fintech California National 88

American Banker

NOVEMBER 2, 2023

The lawsuit by state Attorney General Keith Ellison is the latest challenge to high-cost loans by tribal lenders. The lenders argue that tribal sovereignty gives them immunity from such lawsuits.

Minnesota 73

Minnesota Policies Lending 73

CFPB Monitor

NOVEMBER 15, 2023

Florida SB 146, a bill that would add a “Predatory loan prevention” section to the Florida Consumer Finance Act has been introduced in the Florida Senate, seeking to curb bank-model lending programs and codify a “true lender” analysis with language similar to legislation enacted in Minnesota and other states within the past three years.

Florida 78

Florida Analysis Minnesota Lending 78

American Banker

AUGUST 18, 2023

Expansions in the state by giants such as JPMorgan Chase and Bank of America could accelerate credit union consolidation, as evidenced by two recent deals.

Minnesota 69

Minnesota America 69

CFPB Monitor

SEPTEMBER 25, 2023

The FDIC has filed motion to dismiss the lawsuit filed in July 2023 in a Minnesota federal district against the FDIC and its Chairman seeking to invalidate the FDIC’s supervisory guidance on charging multiple non-sufficient funds (NSF) fees for the same unpaid item. See out prior blog here.

FDIC 78

FDIC Minnesota 78

American Banker

JANUARY 25, 2021

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota.

Minnesota 80

Minnesota National Community Bank Community 80

PYMNTS

OCTOBER 29, 2020

17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). During the week ending Oct. The largest increases in initial claims for the week ending Oct.

Puerto Rico 208

Puerto Rico Rhode Island Virgin Islands District of Columbia 208

American Banker

MARCH 12, 2021

Acquisition-hungry Stearns Bank has been fielding so many calls from would-be sellers that it has brought in a merger specialist to sort through them.

Minnesota 87

Minnesota Community Bank Community Lending 87

American Banker

FEBRUARY 10, 2020

Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.

Minnesota 71

Minnesota Community Bank Community National 71

ABA Community Banking

JANUARY 3, 2024

Citing his leadership in advocacy and “his thoughtful, deliberate dedication to the essence of community banking,” BankBeat magazine has named Bryan Bruns — president and CEO of Lake Central Bank in Annandale, Minnesota — as its 2024 Banker of the Year.

Minnesota 59

Minnesota Leadership Community Bank Community 59

CFPB Monitor

MARCH 7, 2023

They are: Bill Himpler, CEO, American Financial Services Association Brian Johnson, Managing Director, Patomak Global Partners LLC Jessica Thompson, Attorney, Pacific Legal Foundation Devin Watkins, Attorney, Competitive Enterprise Institute Keith Ellison, Attorney General, State of Minnesota The Committee Memorandum was also released. .

Minnesota 78

Minnesota Policies Management 78

American Banker

SEPTEMBER 20, 2023

The lawsuit takes issue with the agency's 2022 guidance on nonsufficient funds fees, a hot-button topic in the banking industry. The FDIC is asking a judge to dismiss the case, arguing that the plaintiffs lack standing to sue.

FDIC 36

FDIC Minnesota Industry Compliance 36

CFPB Monitor

OCTOBER 17, 2022

For example, this past August, the Eighth Circuit held that a Minnesota statute requiring out-of-state bullion dealers to obtain regulatory approval from the Minnesota Commissioner of Commerce before transacting business with Minnesota consumers in other states violated the dormant Commerce Clause. The same could be said here.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

American Banker

JUNE 27, 2024

VersaBank plans to use the one-branch Stearns Bank Holdingford in Minnesota as a platform to expand a lucrative niche business acquiring loan and lease receivables from point-of-sale lenders.

Minnesota 31

Minnesota Community Bank Community Retail 31

American Banker

JULY 31, 2023

A pending deal between two sizable institutions in Minnesota could mark the end of a dealmaking drought, experts say.

Minnesota 69

Minnesota 69

American Banker

NOVEMBER 2, 2022

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Minnesota 88

Minnesota Wisconsin Community Bank Community 88

MerhantsBanks

MARCH 8, 2021

Get to know more about Sarah Danielson and how she approaches working with businesses every day. When did you start your banking career?Sarah: Sarah: I started working as a Teller in 1994. At the time, I worked mostly with commercial customers and really enjoyed learning about that side of banking. When I had the chance to […].

Minnesota 52

Minnesota Meeting Management 52

BankDeals

JUNE 25, 2020

Farmers Bank's (IA) Free Kasasa Cash (3.00% APY, up to $25k) is available to residents of Illinois, Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin.

South Dakota 104

South Dakota Nebraska Iowa Wisconsin 104

American Banker

OCTOBER 15, 2020

The Minnesota-based institution is allowing children of some employees to attend school virtually in their branches in order to make it easier for parents to work during the pandemic.

Minnesota 78

Minnesota Management 78

American Banker

DECEMBER 6, 2022

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Iowa 85

Iowa Minnesota Community Bank Community 85

PYMNTS

MAY 17, 2018

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. With the Local Crate meal kits, Target is bringing them to 54 stores in Minnesota and 142 stores in California.

Minnesota 108

Minnesota San Francisco Texas California 108

BankDeals

DECEMBER 5, 2020

Home State Bank (Minnesota) offers its Kasasa Cash checking account and the companion Kasasa Saver savings account with competitive rates on a statewide basis.

Minnesota 91

Minnesota Branding 91

PYMNTS

JULY 24, 2020

malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. The two largest U.S. Located in Bloomington, Minn., billion mortgage in 2014.

America 251

America New Jersey Minnesota Minneapolis 251

MerhantsBanks

NOVEMBER 13, 2021

In September, Merchants Bank participated in the Minnesota Bankers Association’s Community Impact Month initiative with more than half of the Company’s Minnesota locations coordinating community support events.

Community 52

Community Minnesota 52

ABA Community Banking

SEPTEMBER 9, 2020

The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack. The post Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’ appeared first on ABA Banking Journal.

Community Bank 96

Community Bank Community Minnesota Resources 96

American Banker

AUGUST 8, 2022

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Minnesota 74

Minnesota 74

BankDeals

NOVEMBER 2, 2020

Charter Bank offers its Premier Rewards Checking to all residents of Minnesota and Wisconsin. It's a unique reward checking account with no debit card usage requirements.

Wisconsin 89

Wisconsin Minnesota Cards 89

American Banker

AUGUST 12, 2021

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Minnesota 81

Minnesota Community Bank Community 81

American Banker

OCTOBER 8, 2023

Rasmussen, a Minnesota native started, her professional career as a dental hygienist and after a series of twists and turns, she now runs Thrivent, a multibillion-dollar fraternal benefit society.

Minnesota 41

Minnesota Management 41