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.

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.

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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.

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.

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

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

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.

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

CFPB Monitor

One of the complaints was filed jointly by the FTC and the Minnesota Attorney General and included claims alleging violations of various Minnesota statutes, including the Minnesota Uniform Deceptive Trade Practices Act.

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

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.

The State-By-State Complexities Of Sales Tax Compliance

PYMNTS

percent: Proposed food and beverage sales tax to affect North Mankato, Minnesota in 2020. Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods.

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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.

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

Wells Fargo Sacked in Signage Dispute with NFL's Vikings

American Banker

A federal judge ruled that Wells Fargo violated a contract with the NFL's Minnesota Vikings over the placement of signs near the team's new stadium, according to a published report. breaking_news law-regulation mn sailthru-no-lead national-regional

A Community Banker’s Voice at the CFPB

ABA Community Banking

On the latest episode of the ABA Banking Journal Podcast, Minnesota community bank CEO Bryan Bruns talks about what community banking looks like in his market, his bank's recent anniversary and his role as a member of the Consumer Financial Protection Bureau's Community Banker Advisory Board.

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

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

Can the Underbanked Solve Banking's Branch Problem?

American Banker

TCF Financial in Minnesota has launched a set of products targeting low-income customers. The company, which has closed a fifth of its branches in recent years, hopes underbanked clients will boost traffic at its remaining locations.

Rebeca Romero Rainey: We stand the test of time

Independent Banker

I will be attending the Independent Community Bankers of Minnesota convention. While in Minnesota, I will also spend some time at our Sauk Centre office. “We stand the test of time as pillars of our communities.”.

Hundreds Of Jobs Lost As Amazon Cuts Ties With Logistics Company

PYMNTS

Facilities in Ohio, Minnesota, Virginia and Illinois will close in April, and about 280 people will be let go.

Target Brings Local Crate Meal Kits To More Stores

PYMNTS

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.

Appetize Scores Vikings' Stadium Payment Deal

Payments Source

Bank Stadium in downtown Minneapolis, where games for the NFL Minnesota Vikings, and other special events will take place. Tablet-based point-of-sale provider Appetize has landed the contract to provide terminals at the new U.S.

Energy Woes to Test Real Estate Underwriting in Shale Regions

American Banker

Bankers in the Bakken Share region of Minnesota and North Dakota are keeping an eye on exposure to hotels, apartments and retail space as economic slowdowns occur in energy producing markets.

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.

Walmart Will Test New Healthcare Programs In Bid To Cut Costs

PYMNTS

In Minnesota, Wisconsin and Colorado, Walmart is going to beef up a program in which patients can speak to a doctor through video from their homes.

DTC Brands Fill Pricing Gap In Outdoor Furniture Market

PYMNTS

Yardbird’s concept, which has grown into a brand with an eCommerce website and a showroom in Minnesota, offers 10 furniture collections. Yardbird always provides white-glove deliveries in Minnesota, while customers in other locations have to request the offering. To give consumers an idea of how the furniture would look in real life, the company has a showroom in Minnesota. “It’s

Malls, Restaurants Request Aid As Coronavirus Forces Closures

PYMNTS

Hudson Yards in New York City also closed, in addition to the Mall of America in Minnesota, American Dream in New Jersey and King of Prussia in Pennsylvania.

FBI Probing Hack Of US Electricity Providers

PYMNTS

Ted Cash, general manager of ALP Utilities in Minnesota, revealed that his employees “found a quarantined email in a restricted account” after being contacted by the FBI. The FBI is investigating a hacking campaign that targeted more than a dozen U.S.

Amazon Sues Counterfeit Sellers

PYMNTS

The suit named individuals living in Minnesota, Maryland and Ontario as defendants, as well as businesses based in China. Amazon is continuing its fight against counterfeiters.

Amazon Chooses Leisure Carrier Sun Country Airlines As Partner

PYMNTS

It’s headquartered in Eagan, Minnesota. . Amazon, in its bid to take more control over its own shipping and logistics, has contracted Sun Country Airlines to fly a fleet of 10 Boeing 737-800 freighters in Q2 of the year, according to a report by CNBC.

Authorities Ask For Google’s Help To Track Bank Robbers

PYMNTS

More than 20 of these warrants have been served in Minnesota, and at least one similar case came up in North Carolina. Federal agents served Google with a search warrant in November, asking for data that could help them solve a bank robbery outside of Milwaukee.

Senate Antitrust Panel To Look At Big Tech Acquisitions, Competition

PYMNTS

Amy Klobuchar of Minnesota, the top Democrat on the panel (and a presidential candidate), said the meeting is set to take place on Sept.

Grocery Stores Shutter In-Store Pharmacies

PYMNTS

The move, happening in states as varied as Washington, Minnesota and everywhere in between, comes as customers have been making fewer trips to visit pharmacy counters while doing grocery shopping. Supermarket pharmacy counters are closing across the U.S.

FTC Launches Antitrust Probe Into Apple-Amazon Deal

PYMNTS

One seller, a Minnesota man named John Bumstead, told The Verge that he was contacted by a group of FTC officials. The Federal Trade Commission is reportedly carrying out an antitrust investigation surrounding a partnership between Apple and Amazon , according to The Verge.

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Retail Malls Look For New Innovations, Commerce And Otherwise

PYMNTS

Mall of America is teaming up with University of Minnesota physicians and a Minnesota-based health care system to operate the clinic.”. What to do with retail malls? How about making them into doctors’ offices?