New report indicates that the physician practice acquisition trend may be plateauing.
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.
A ceremonial groundbreaking Tuesday will kick off construction. The line will begin at the Brooklyn Center Transit Center and travel down Brooklyn Boulevard, Penn Avenue and Olson Memorial Highway to downtown Minneapolis.
L.T. Rich is known for its line of Z-Spray and Z-Plug brand of spreaders, sprayers and aerators.
The purchase is Marco’s 11th in the last two years.
The new facility will house its fast-growing CNC machining operations.
Up to 150 jobs in the regional nonprofit’s sales, technology and administrative services departments will be created in the process.
The community bank’s shares finished at $12.85 Thursday after two days of public trading.
Four of the locations set to close are in Minnesota.