American Banker

NOVEMBER 12, 2024

Financial advisers have been retained to find a buyer for the Saint Paul-based lender, people familiar with the matter said. The sale of the bank has been a sore point for about five years.

Minnesota 36

Minnesota Community Bank Community 36

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.

Minnesota 60

Minnesota Nevada Lending Policies 60

MyBankTracker

MARCH 8, 2021

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. Factors that Will Affect Your Minnesota Car Insurance Premium.

Minnesota 52

Minnesota How To Policies Minneapolis 52

American Banker

JULY 21, 2023

The Minnesota Bankers Association and Lake Central Bank jointly filed a lawsuit against the Federal Deposit Insurance Corp. over its nonsufficient funds fee rules' inclusion of "unfair or deceptive acts or practices" violations in its policy.

Minnesota 28

Minnesota FDIC Policies Compliance 28

American Banker

OCTOBER 1, 2020

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.

Minnesota 63

Minnesota Strategy Technology 63

MerhantsBanks

APRIL 20, 2020

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 […].

Minnesota 52

Minnesota Community 52

American Banker

MAY 14, 2024

Stearns Bank in Saint Cloud is working with the on-demand payment technology firm Reset to launch an earned-wage card for blue collar and immigrant families struggling with access to money.

Minnesota 81

Minnesota Marketing Cards Technology 81

American Banker

MAY 15, 2024

The $116 million deal to acquire HMN Financial in Rochester would mark the 26th acquisition of this century for Alerus. The transaction is slated to close in the fourth quarter.

Minnesota 48

Minnesota Community Bank Community Lending 48

American Banker

JULY 1, 2020

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

Minnesota 44

Minnesota Michigan Community Bank Community 44

The Paypers

NOVEMBER 14, 2024

Crypto payment gateway Alchemy Pay has acquired Money Transmitter Licences (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming.

Wyoming 36

Wyoming Oklahoma Minnesota Oregon 36

American Banker

JUNE 2, 2023

The state's law does not cap rates at the level preferred by consumer advocates, but it does limit the availability of payday loans that carry annual percentage rates between 36% and 50%.

Minnesota 69

Minnesota Policies Lending 69

CFPB Monitor

MARCH 4, 2024

Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

Rhode Island 78

Rhode Island Nevada Minnesota Regulation 78

CFPB Monitor

FEBRUARY 21, 2024

On February 14, 2024, the Minnesota Bankers Association and Lake Central Bank (the “Plaintiffs”) filed their memorandum in opposition to the Federal Deposit Insurance Corporation’s (FDIC) motion to dismiss their challenge to the FDIC’s supervisory guidance on NSF fees.

FDIC 78

FDIC Minnesota 78

American Banker

SEPTEMBER 3, 2020

The California company has acquired Mid-Central Federal Savings Bank, which is converting to a national bank.

Minnesota 88

Minnesota Fintech California National 88

CFPB Monitor

NOVEMBER 15, 2023

Florida SB 146, a bill that would add a “Predatory loan prevention” section to the Florida Consumer Finance Act has been introduced in the Florida Senate, seeking to curb bank-model lending programs and codify a “true lender” analysis with language similar to legislation enacted in Minnesota and other states within the past three years.

Florida 78

Florida Analysis Minnesota Lending 78

American Banker

AUGUST 18, 2023

Expansions in the state by giants such as JPMorgan Chase and Bank of America could accelerate credit union consolidation, as evidenced by two recent deals.

Minnesota 69

Minnesota America 69

PYMNTS

OCTOBER 29, 2020

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). During the week ending Oct. The largest increases in initial claims for the week ending Oct.

Puerto Rico 208

Puerto Rico Rhode Island Virgin Islands District of Columbia 208

CFPB Monitor

SEPTEMBER 25, 2023

The FDIC has filed motion to dismiss the lawsuit filed in July 2023 in a Minnesota federal district against the FDIC and its Chairman seeking to invalidate the FDIC’s supervisory guidance on charging multiple non-sufficient funds (NSF) fees for the same unpaid item. See out prior blog here.

FDIC 78

FDIC Minnesota 78

American Banker

NOVEMBER 2, 2023

The lawsuit by state Attorney General Keith Ellison is the latest challenge to high-cost loans by tribal lenders. The lenders argue that tribal sovereignty gives them immunity from such lawsuits.

Minnesota 73

Minnesota Policies Lending 73

American Banker

MARCH 12, 2021

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.

Minnesota 87

Minnesota Community Bank Community Lending 87

American Banker

JANUARY 25, 2021

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

Minnesota 80

Minnesota National Community Bank Community 80

CFPB Monitor

MARCH 7, 2023

They are: Bill Himpler, CEO, American Financial Services Association Brian Johnson, Managing Director, Patomak Global Partners LLC Jessica Thompson, Attorney, Pacific Legal Foundation Devin Watkins, Attorney, Competitive Enterprise Institute Keith Ellison, Attorney General, State of Minnesota The Committee Memorandum was also released. .

Minnesota 78

Minnesota Policies Management 78

American Banker

AUGUST 1, 2024

Former employees' Minnesota lawsuit accuses the bank of overpaying for prescription drugs, claiming mismanagement of the bank's health plan drove up costs for workers.

Minnesota 36

Minnesota Industry 36

ABA Community Banking

JANUARY 3, 2024

Citing his leadership in advocacy and “his thoughtful, deliberate dedication to the essence of community banking,” BankBeat magazine has named Bryan Bruns — president and CEO of Lake Central Bank in Annandale, Minnesota — as its 2024 Banker of the Year.

Minnesota 59

Minnesota Leadership Community Bank Community 59

CFPB Monitor

OCTOBER 17, 2022

For example, this past August, the Eighth Circuit held that a Minnesota statute requiring out-of-state bullion dealers to obtain regulatory approval from the Minnesota Commissioner of Commerce before transacting business with Minnesota consumers in other states violated the dormant Commerce Clause. The same could be said here.

Indiana 78

Indiana Minnesota Pennsylvania South Dakota 78

American Banker

SEPTEMBER 20, 2023

The lawsuit takes issue with the agency's 2022 guidance on nonsufficient funds fees, a hot-button topic in the banking industry. The FDIC is asking a judge to dismiss the case, arguing that the plaintiffs lack standing to sue.

FDIC 36

FDIC Minnesota Industry Compliance 36

American Banker

NOVEMBER 2, 2022

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Minnesota 88

Minnesota Wisconsin Community Bank Community 88

American Banker

JULY 31, 2023

A pending deal between two sizable institutions in Minnesota could mark the end of a dealmaking drought, experts say.

Minnesota 69

Minnesota 69

MerhantsBanks

MARCH 8, 2021

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. When I had the chance to […].

Minnesota 52

Minnesota Meeting Management 52

BankDeals

JUNE 25, 2020

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.

South Dakota 104

South Dakota Nebraska Iowa Wisconsin 104

American Banker

FEBRUARY 10, 2020

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

Minnesota 71

Minnesota Community Bank Community National 71

American Banker

OCTOBER 15, 2020

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.

Minnesota 78

Minnesota Management 78

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. With the Local Crate meal kits, Target is bringing them to 54 stores in Minnesota and 142 stores in California.

Minnesota 108

Minnesota San Francisco Texas California 108

BankDeals

DECEMBER 5, 2020

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

Minnesota 91

Minnesota Branding 91

American Banker

DECEMBER 6, 2022

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Iowa 85

Iowa Minnesota Community Bank Community 85

MerhantsBanks

NOVEMBER 13, 2021

In September, Merchants Bank participated in the Minnesota Bankers Association’s Community Impact Month initiative with more than half of the Company’s Minnesota locations coordinating community support events.

Community 52

Community Minnesota 52

ABA Community Banking

SEPTEMBER 9, 2020

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.

Community Bank 96

Community Bank Community Minnesota Resources 96