News Topic: minnesota

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota. ... Read full article

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May. ... Read full article

The credit union now has a community charter to serve seven counties in addition to several select employee groups. ... Read full article

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. ... Read full article

Steve Ewers, who has held several positions in information technology, will replace retiring President and CEO Tammy Heikkinen, who has led the Duluth, Minn.-based institution for 12 years. ... Read full article

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. ... Read full article

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank. ... Read full article

The Minnesota bank is locked a bitter legal battle to preserve its independence. Its foe? The charitable organization set up by its founder. ... Read full article

Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter. ... Read full article

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer. ... Read full article

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory. ... Read full article

Employees of the Minnesota bank get a $500 "self-improvement allowance" each year. ... Read full article

The year's second-biggest bank merger created a Midwestern regional with nearly $50 billion in assets, and its CEO and executive vice chairman don't intend to stop there. ... Read full article

The merger will create a firm with heft in financial services M&A, fixed income and equity research. ... Read full article

Natcom will become the second-biggest bank in Duluth, trailing only Wells Fargo. ... Read full article

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role. ... Read full article

Kelly Skalicky has succeeded her father as CEO of the Minnesota bank. ... Read full article

Both banks' need for scale started the conversation and the lifting of the SIFI threshold helped seal the deal. Here are five takeaways from one of the industry's biggest recent mergers. ... Read full article