Small Business Owners Are Bullish on Banking

Lenders are seeing strong commercial loan demand, but they eye warning signals in the economy.

Minnesota Viking Owners Launch Investment Firm Aimed at Sports, Entertainment, Real Estate Startups

New York-based WISE Ventures will be targeting early and growth stage startups. So far it has invested in at least nine companies, including one from Minneapolis.

U.S. Bank Laying Off About 700 Workers, Cites ‘Changing Business Needs’

Departing employees will be provided severance and outplacement assistance, a spokesperson with the Minneapolis-based bank said.

Insurance Brokerage Hays Cos. Agrees to $705M Sale

Florida-based insurance firm Brown & Brown is set to acquire the Minneapolis-based company for a mix of cash and stock.

Meet Atland Ventures: The First-of-Its-Kind, Student-Run VC Firm at the U of M

The story of the founding, structure, early accomplishments and direction of a venture capital startup company comprised of University of Minnesota students.

Fintech Software Startup Total Expert Raises $20M in Series B Funding Round

The capital will go toward accelerating Total Expert’s advancements in its banking- and lending-focused marketing software, and expand into new financial sectors.

Piper Jaffray Raises $130M to Invest in Commercial-Stage Businesses

The investment fund, referred to as “Fund II,” will be managed by the Minneapolis-based investment bank and asset management firm’s merchant banking unit.

Loyalty Marketing Firm Augeo Sells Its Financial Institution Arm for $140M

St. Paul-based Augeo will invest money from the sale – to Lightyear Capital LLC – into other components of the business. In turn, the divested business arm will become a separate company, Augeo FI.

U.S. Bancorp Subsidiary Buys Credit Card Payment Processor Electronic Transaction Systems

The deal is a first for the Minneapolis-based bank this year, and also the first acquisition it has made with CEO Andy Cecere in charge.

Vireo Health’s $17M Round Will Fund Expansion, 50 New Jobs in MN, IPO in Canada

The Minneapolis-based medical cannabis company plans to wrap its Series D round in the coming weeks.

Midwestern-based Allianz Life Insurance and Orion Advisor Services Enter Partnership

The two companies aim to create holistic financial retirement plans for clients.

Small Businesses Bank on Stability

Small business borrowers are upbeat but weigh labor shortages, rising interest rates, and new technology.

KleinBank Agrees to $434M Merger with Old National

The deal will double Old National’s presense in Minnesota, a market it entered less than a year ago after having purchased local community bank Anchor Bank.

Software Developer Ceridian to Go Public This Week

The Bloomington-based company is hoping to raise $420 million from investors, on top of a planned $100 million share purchase from two private equity firms.

Wells Fargo Slapped with $1 Billion Fine

The Consumer Financial Protection Bureau takes action against Wells Fargo for illegal mortgage and auto lending practices.

Ceridian Planning $200M IPO

The Bloomington-based human resources software provider will be going public for the second time in the company’s 61-year history.

Crowdfunding Meets Gift Registry

Take 12 is helping expectant moms raise money to fund their maternity leave.

Wells Fargo Wants to Grow Home Mortgage Campus in Minneapolis by 1,250 Workers

The San Francisco-based bank is looking to have a more than 300,000-square-foot addition constructed to its existing parking lot to accommodate the new workers.

Bridgewater Bancshares Stock Jumps in Debut on Nasdaq Exchange

The community bank’s shares finished at $12.85 Thursday after two days of public trading.

McNally Smith College of Music Files for Chapter 7 Bankruptcy

After closing in December, the college officially signaled its end as it aims to pay off debts through liquidation.

Financing Options Grow for Twin Cities Entrepreneurs

Despite having more sources of capital, securing early-stage financing still remains challenging.

No Cash? No Sale.

Currency remains king at a small subset of local businesses.

Piper Jaffray Names Chad Abraham its New CEO

Abraham will replace Andrew Duff, who joined the investment bank 37 years ago and has been its CEO since the start of the millennium.

For People of Color Starting a Business, Access to Capital Remains a Big Challenge

According to a U.S. Census Bureau survey, the number of minority-owned companies in the U.S. grew by nearly 5 percent in 2014.

Banking for Millennials

Young business owners are the impetus for new banking approaches, including more technology service options and greater transparency from bankers.

SBA Lending in Minnesota Remains Steady

There were double-digit increases for loans to businesses owned by women and veterans.

Two Wheels, Easy Terms

Affinity Plus seeks new customers with bike loans.

Down for the Count

Wells Fargo is ending coin counting as a consumer banking amenity. Will coin jars survive?

Rochester’s RAEDI Launches New Southeast Minnesota Angel Investment Fund

Aims for $1M in startup funding despite ‘sunset’ of state’s angel tax credit.

Stephen Sanger May Leave Wells Fargo Board, Sources Say

Sanger served as the chairman and CEO of General Mills for more than a decade.

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