Minnesota Vikings Drive Fan Engagement With Winning Chat Experiences

PYMNTS

On the football field, the NFL’s Minnesota Vikings are showing flashes of brilliance, but at this early part of the season, they’ve posted only one win in six games and trail their division rival, the Green Bay Packers.

Will Minnesota credit unions’ growth plan catch on elsewhere?

American Banker

A new initiative from the Minnesota Credit Union Network to help deepen share of wallet is believed to be the first of its kind and could be a model for credit union leagues in other states. Credit unions Growth strategies Technology Consumer banking Field of membership Minnesota

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Fintech Jiko buys Minnesota bank

American Banker

The California company has acquired Mid-Central Federal Savings Bank, which is converting to a national bank. Fintech Compliance Community banking M&A Challenger Bank

Credit union to buy Minnesota community bank

American Banker

Community banking M&A Credit unions MinnesotaWings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.

Park Financial in Minnesota to buy Mesaba Bancshares

American Banker

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank. M&A Growth strategies Michigan Community banks Minnesota

Hy-Vee’s First Wahlburgers Restaurant Opens In Minnesota

PYMNTS

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.

Minnesota federal court decision is warning to lead generators

CFPB Monitor

A Minnesota federal district court recently ruled that lead generators for a payday lender could be liable for punitive damages in a class action filed on behalf of all Minnesota residents who used the lender’s website to obtain a payday loan during a specified time period. Under Minnesota law, a plaintiff may not seek punitive damages in its initial complaint but must move to amend the complaint to add a punitive damages claim.

Merchants Bank Named Community Champion by Minnesota Bankers Association

MerhantsBanks

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 […]. Current News Awards

Perficient Named a Top Workplace In Minnesota

Perficient

Perficient Named a Top Workplace in Minnesota. We are proud to announce that Perficient has been named one of the Top Workplaces in Minnesota by the Star Tribune! Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health, and satisfaction. The analysis included responses from over 76,000 employees at Minnesota public, private, and nonprofit organizations.

Centricity Credit Union opens up for distance learning

American Banker

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. Employee relations Workforce management Coronavirus Minnesota Perks

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

Fed’s Kashkari Advocates For New Lockdown

PYMNTS

Neel Kashkari , president of the Federal Reserve Bank of Minneapolis and Dr. Michael Osterholm , director of the Center for Infectious Disease Research and Policy at the University of Minnesota , said the defeat of the coronavirus will require sacrifice but will save thousands of lives.

Diversified Credit Union members to vote on Spire merger

American Banker

Credit unions M&A Growth strategies MinnesotaThe deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May.

Hiway expands field of membership, tweaks branding after charter change

American Banker

Community charters Charter conversions Field of membership MinnesotaThe credit union now has a community charter to serve seven counties in addition to several select employee groups.

Veteran CIO to take over at Members Cooperative Credit Union

American Banker

Career moves Career advancement Succession planning Recruiting MinnesotaSteve Ewers, who has held several positions in information technology, will replace retiring President and CEO Tammy Heikkinen, who has led the Duluth, Minn.-based based institution for 12 years.

Minnesota heads for “show” in 2014

ABA Community Banking

SNL Report: State is #3 in M&A deal volume Management Financial Trends Lines of Business CSuite Community Banking. 1Management

U.S. Bancorp to sell ATM and debit servicing business

Payments Source

Regional banks M&A ATMs Debit cards MinnesotaFiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.

ATM 73

Bremer Bank says it's not for sale. Its biggest investor begs to differ.

American Banker

The Minnesota bank is locked a bitter legal battle to preserve its independence. Community banking Lawsuits M&A Consumer banking MinnesotaIts foe? The charitable organization set up by its founder.

Wis. Credit Union to Buy Capital Bank in Minnesota

American Banker

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

FTC announces settlements with student debt relief company and company that financed fees

CFPB Monitor

The FTC announced settlements of two lawsuits filed in a California federal district court alleging similar violations of the FTC Act, the Telemarketing Sales Rule (TSR), and the Truth in Lending Act by providers of student debt relief services, their principals, and a Minnesota-based company that provided financing to customers of the providers involved in both complaints.

Home State Bank (MN) Offers Kasasa Brand Products Statewide

BankDeals

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

Charter Bank Offers Premier Rewards Checking In MN and WI

BankDeals

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

Frontier Bank's Big Deal Cash Checking Available In Five States

BankDeals

Frontier Bank's Big Deal Cash checking and its companion Big Deal Saver savings account is available online in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota

Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’

ABA Community Banking

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.

What's next for Jiko now that it owns a bank

American Banker

The fintech and the Minnesota bank it acquired last week, renamed Mid-Central National Bank, intend to pioneer a new method of storing and moving money for consumers. Fintech Mobile payments Fintech regulations Mobile banking

Farmers Bank Offers Top-Rate Kasasa Cash In 7 States

BankDeals

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

U.S. Bank restructures ahead of retail banking exec's retirement

Payments Source

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

6.26.19 Your morning briefing

Payments Source

Today: Mastercard and N27 advance Nordic real-time payments; Amazon Prime Day gets longer; Swedbank adds watch payments; Minnesota legislators try to ban crypto political donations. The information you need to start your day, from PaymentsSource and around the Web. Briefing

1 st National Bank Offers Multi-State FNB Cash Checking

BankDeals

1 st National Bank offers its FNB Cash Checking (2.50% APY, up to $35k) in Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin

Kyle Markland to head conserved Municipal Credit Union

American Banker

Markland, the former CEO of Affinity Plus FCU in Minnesota, takes the helm 17 months after the New York-based institution entered conservatorship. Career moves Career advancement Succession planning NCUA

Megamalls Like Mall Of America And American Dream Face Mega Problems 

PYMNTS

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. Megamalls are having mega problems. The two largest U.S.

TBT: Caution for big guys, hope for little ones

Matt Wilcox Pro

I think it’s still a good reminder for giants and aspiring giants alike. * * * TODAY’S OBJECT LESSON begins in the mid 19th century, when a Minnesota jewelry store declined a shipment of watches. I posted this on October 11, 2016. Railroad agent Richard Sears purchased the shipment, peddled the watches, and ordered more. Knowing a

The tech Sunrise Bank used to quickly dole out PPP loans

American Banker

After initially processing the loans manually, the Minnesota bank turned to "low code" software to build the electronic forms and workflows needed to approve loan applications. The result: a more than fivefold increase in the number of loans it could process in a day. Digital banking Document management Microsoft Coronavirus Paycheck Protection Program Community banks Workflow software Digital Banking 2020

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.

Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

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). Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL).