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The deal will add roughly $57 billion in assets under administration and 1,100 trust and agency contracts to U.S. Bank’s corporate trust division.
Locally-owned Franklin Bank, Park Midway Bank, and University Bank will merge and be rebranded as Sunrise Banks; meanwhile, San Francisco-based Bank of the West recently closed four Minnesota branches.
The company said it is the first major bank in the country to offer such a tool to its customers; the feature eliminates the need to manually fill in certain fields when paying a bill with a mobile device.
How a central banker’s views evolved and moved him from being a dissenter to a leading advocate of the Federal Reserve’s policy of keeping interest rates low.
Private equity firms in the middle market had a generally busy 2012. And they have the money for more deals.
Entrepreneurs Sara and David Russick share the wealth—and wisdom—through Gopher Angels.
An analyst report says TCF is the regional lender most likely to be sold this year, due in part to “uncertainty over CEO succession”; a TCF spokesman said, however, that the bank’s stance has long been that it would consider a reasonable offer.
Why Polaris, Donaldson, ProtoLabs, and Northern Oil & Gas are worth watching.
Edwards Jones Mortgage, LLC, a joint venture between Wells Fargo and investment firm Edward Jones, will close next month.
Chad Arthur Anderson received a five-year sentence, while Troy Allen Huston was sentenced to four years and nine months; their fraud scheme involved 32 Minnesota properties.
Read this month's issue of Twin Cities Business.
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