Minnesota Credit Unions to Offer Commercial Lending

Banking Exchange

A quartet of credit unions have teamed up to target commercial and infrastructure projects Community Banking Credit Unions Feature Feature3 Commercial Mortgage/CRE. 1Community Banking

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.

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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

Minnesota law allows state-chartered banks, CUs to serve previously banned customers

American Banker

Credit unions Unbanked Financial inclusion Consumer banking Minnesota

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

Royal Credit Union buying Minnesota community bank

American Banker

Credit unions M&A Community banks

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.

Spire Credit Union merging with Minnesota neighbor

American Banker

Credit unions M&A

Four Minnesota credit unions join forces to capture more commercial loans

American Banker

Credit unions Commercial lending Commercial banking

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.

Small Minnesota bank's novel hire: Chief M&A officer

American Banker

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. Community banking M&A Commercial lending

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

Minnesota might soon get its first new credit union in nearly a decade

American Banker

Credit unions

Best Personal Loans in Minnesota in 2020

MyBankTracker

Minnesota is home to plenty of great options for borrowers who are seeking personal loans. With one of the highest average credit scores in the country, Minnesota residents can qualify for low interest rates on these loans. Biggest Personal Loan Lenders in Minnesota.

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! The analysis included responses from over 76,000 employees at Minnesota public, private, and nonprofit organizations.

Minnesota bank acquiring nearby rival to expand in consumer lending

American Banker

M&A Community banks

Meet Sarah Danielson, Commercial Banker in La Crescent, Minnesota

MerhantsBanks

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.

Canada’s VersaBank to enter U.S. market with purchase of tiny Minnesota bank

American Banker

Fintech Community banking M&A

Minnesota Car Insurance: How to Shop for the Cheapest Rates

MyBankTracker

Minnesota is home to the twin cities and 10,000 lakes. With lower rates in Minnesota, it’s still important to find the right amount of coverage for a price that works for you. Average Car Insurance Rates in Minnesota. Auto Insurance Laws in Minnesota.

Wings Financial to buy another bank

American Banker

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota. Credit unions M&A Growth strategies Minnesota Community banks

Central Minnesota Credit Union rebranding as Magnifi Financial

American Banker

Credit unions Industry News

Minnesota credit unions that split up 81 years ago agree to merge

American Banker

Credit unions

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

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.

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.

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

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

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.

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.

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 62

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.

Building a Virtual Culture is the Key to Success to Becoming an Award-Winning Workplace

Perficient

In addition to Atlanta’s two wins, both Minnesota and St. Digital Transformation Life at Perficient associate technical consultant Atlanta Award Awards Best and Brightest Best Places to Work Career Growth Charlotte chicago Company Culture culture Data Detroit Minneapolis minnesota st.