INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
Community banking Credit unions Fintech Vendor management Jack Henry & Associates Florida MinnesotaSmall banks and credit unions say slow responses and outdated products from the establishment tech vendor can become a drag on their innovation efforts. MORE
Bancorp MinnesotaThe regional bank is working with customers to help develop and launch new products, including a small-business credit card. Regional banks Growth strategies Digital banking Credit cards Small business U.S. MORE
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., MORE
Community banking M&A Capital Growth strategies Iowa MinnesotaThe company will pay $53 million in cash and stock for Signature Bank. MORE
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. MORE
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. MORE
SNL Report: State is #3 in M&A deal volume Management Financial Trends Lines of Business CSuite Community Banking. 1Management MORE
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. MORE
Regional banks M&A ATMs Debit cards MinnesotaFiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million. MORE
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., MORE
Sunrise Banks in Minnesota offers products and services designed to help underserved communities and works with fintechs that have a similar mission. Community banking Fintech Under-served populations Minnesota MORE
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. MORE
Royal Credit Union in Eau Claire, Wis., has agreed to buy Capital Bank in St. Paul, Minn., from First Sleepy Eye Bancorp in Sioux Falls, S.D. breaking_news community-banking m-a mn sd ia nd dealmaking-strategy MORE
The Minnesota bank said longtime executive John Elmore will retire in the spring and that it will combine two key departments as a result. It also plans to hire a chief digital officer. Consumer banking Corporate governance U.S. Bancorp MORE
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 MORE
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. MORE
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. MORE
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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. MORE
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. MORE
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. MORE
Community banking IPOs Private equity Branch banking Capital MinnesotaThe company could use proceeds from the planned offering to add branches and make bigger loans. MORE
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 MORE
Community banking Fair Housing Act Redlining DoJ MinnesotaAfter a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared. MORE
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 MORE
PCAOB standards Community banking Consulting Federal Reserve Minnesota Washington DCOlson ran a bank founded by his father in his hometown of Fergus Falls, Minn., before a long career in Washington. MORE
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 MORE
The Minnesota bank said longtime executive John Elmore will retire in the spring and that it will combine two key departments as a result. It also plans to hire a chief digital officer. Consumer banking Corporate governance U.S. Bancorp MORE
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. MORE
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. MORE
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. MORE
James, Minnesota, to improve its customer service, Cummins Allison says A trio of new cash-management devices will allow First National Bank of St. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
The family that owns KleinBank negotiated for employee incentives for nonrelatives and retention awards as part of the Minnesota bank's proposed sale to Old National. Community banking M&A Growth strategies Minnesota MORE
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 MORE
Regional banks M&A Risk management Insurance Wisconsin MinnesotaAnderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services. MORE
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. MORE
Community banking M&A Growth strategies MinnesotaPark Financial has agreed to buy shares from one of the founders of Mesaba Bancshares. MORE
Minnesota Related Topics PYMNTS
MAY 23, 2018
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.
BankThink
JUNE 13, 2018
Community banking M&A Growth strategies MinnesotaPark Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.
BankThink
JANUARY 19, 2018
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.
ATM Marketplace
FEBRUARY 23, 2016
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
Keith Leggett's Credit Union Watch
JANUARY 19, 2018
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.
ABA Community Banking
DECEMBER 9, 2014
SNL Report: State is #3 in M&A deal volume Management Financial Trends Lines of Business CSuite Community Banking. 1Management
BankThink
DECEMBER 6, 2018
Sunrise Banks in Minnesota offers products and services designed to help underserved communities and works with fintechs that have a similar mission. Community banking Fintech Under-served populations Minnesota
CU Insight
NOVEMBER 12, 2014
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.
CU Insight
JUNE 14, 2017
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.,
Deposit Accounts
DECEMBER 20, 2014
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.
BankThink
SEPTEMBER 25, 2018
Regional banks M&A ATMs Debit cards MinnesotaFiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.
BankThink
AUGUST 6, 2018
The family that owns KleinBank negotiated for employee incentives for nonrelatives and retention awards as part of the Minnesota bank's proposed sale to Old National. Community banking M&A Growth strategies Minnesota
CU Insight
NOVEMBER 17, 2016
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
BankThink
DECEMBER 7, 2018
Bancorp MinnesotaThe regional bank is working with customers to help develop and launch new products, including a small-business credit card. Regional banks Growth strategies Digital banking Credit cards Small business U.S.
Payments Source
SEPTEMBER 25, 2018
Regional banks M&A ATMs Debit cards MinnesotaFiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.
BankThink
MAY 1, 2018
Regional banks M&A Risk management Insurance Wisconsin MinnesotaAnderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.
BankThink
SEPTEMBER 14, 2018
PCAOB standards Community banking Consulting Federal Reserve Minnesota Washington DCOlson ran a bank founded by his father in his hometown of Fergus Falls, Minn., before a long career in Washington.
BankThink
FEBRUARY 20, 2018
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.
BankThink
MARCH 8, 2017
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.,
BankThink
JUNE 21, 2018
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.
BankThink
MAY 9, 2018
Community banking Fair Housing Act Redlining DoJ MinnesotaAfter a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.
BankThink
OCTOBER 27, 2017
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
BankThink
AUGUST 30, 2018
Community banking Credit unions Fintech Vendor management Jack Henry & Associates Florida MinnesotaSmall banks and credit unions say slow responses and outdated products from the establishment tech vendor can become a drag on their innovation efforts.
BankThink
AUGUST 11, 2017
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
CU Insight
DECEMBER 17, 2014
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.
BankThink
FEBRUARY 20, 2018
Community banking IPOs Private equity Branch banking Capital MinnesotaThe company could use proceeds from the planned offering to add branches and make bigger loans.
BankThink
NOVEMBER 14, 2017
Community banking M&A Capital Growth strategies Iowa MinnesotaThe company will pay $53 million in cash and stock for Signature Bank.
BankThink
FEBRUARY 1, 2018
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.
BankThink
JULY 11, 2018
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.
BankThink
DECEMBER 19, 2017
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.
BankThink
APRIL 5, 2018
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.
BankThink
JANUARY 31, 2018
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.
BankThink
MARCH 21, 2017
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.
Bankaholic
JANUARY 31, 2015
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
BankThink
NOVEMBER 29, 2017
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.
BankThink
JANUARY 18, 2017
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.
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. 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.
BankThink
SEPTEMBER 5, 2018
The Minnesota bank said longtime executive John Elmore will retire in the spring and that it will combine two key departments as a result. It also plans to hire a chief digital officer. Consumer banking Corporate governance U.S. Bancorp
ATM Marketplace
MARCH 22, 2016
James, Minnesota, to improve its customer service, Cummins Allison says A trio of new cash-management devices will allow First National Bank of St.
Payments Source
SEPTEMBER 5, 2018
The Minnesota bank said longtime executive John Elmore will retire in the spring and that it will combine two key departments as a result. It also plans to hire a chief digital officer. Consumer banking Corporate governance U.S. Bancorp
BankThink
JULY 18, 2018
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.
BankThink
APRIL 23, 2018
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
Matt Wilcox Pro
OCTOBER 11, 2016
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.
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