62 Credit union to buy Minnesota community bank
American Banker
FEBRUARY 10, 2020
Community banking M&A Credit unions MinnesotaWings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.
Minnesota Related Topics 
Hy-Vee’s First Wahlburgers Restaurant Opens In Minnesota
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.
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Minnesota federal court decision is warning to lead generators
CFPB Monitor
JANUARY 17, 2019
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
FEBRUARY 28, 2020
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.
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After EMV migration, card fraud plunges at Minnesota FI
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
Wis. Credit Union to Buy Capital Bank in Minnesota
American Banker
APRIL 28, 2016
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
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U.S. Bancorp to sell ATM and debit servicing business
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.
FTC announces settlements with student debt relief company and company that financed fees
CFPB Monitor
SEPTEMBER 16, 2019
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
MARCH 18, 2016
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
JUNE 26, 2019
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
DECEMBER 27, 2019
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
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.
Independent Community Bankers of Minn. Names CEO
American Banker
FEBRUARY 25, 2016
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
JUNE 24, 2016
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
MAY 29, 2019
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
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
TBT: Caution for big guys, hope for little ones
Matt Wilcox Pro
DECEMBER 19, 2019
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
MAY 25, 2016
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
JULY 31, 2019
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
FEBRUARY 14, 2020
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
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.
Appetize Scores Vikings' Stadium Payment Deal
Payments Source
JUNE 17, 2016
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
FEBRUARY 29, 2016
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
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.
Walmart Will Test New Healthcare Programs In Bid To Cut Costs
PYMNTS
OCTOBER 3, 2019
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
APRIL 1, 2019
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
MARCH 18, 2020
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
NOVEMBER 25, 2019
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
JUNE 28, 2019
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
DECEMBER 18, 2019
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
AUGUST 28, 2019
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
SEPTEMBER 3, 2019
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
JANUARY 26, 2020
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
AUGUST 4, 2019
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.
Retail Malls Look For New Innovations, Commerce And Otherwise
PYMNTS
AUGUST 6, 2019
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?
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