The transaction is expected to boost Avtex’s expertise in sales and artificial intelligence.
Banking + Finance
OwnersEdge now has five companies in its portfolio.
Minnesota bankers forecast steady credit demand despite worries of a slowing economy.
Fast-growing DailyPay cited the local culture of innovation as a key reason for choosing Minneapolis for its second office.
“With a refreshed logo and revitalized website, Bremer Bank is signaling a step to the forefront of this emerging generation of banking,” says company president Jeanne Crain.
Kopp will step down as chairman and shutter Kopp Investment Advisors as he shifts his focus to philanthropy work through the Kopp Family Foundation.
New federal tax incentive draws developers and investors.
New locations in Minneapolis and St. Paul are part of Chase’s plan to open 90 branches across nine new markets in 2019.
The generational change-of-hands occurs after Stearns Bank has been led by Norm Skalicky for more than 50 years.
The deal, ranking among Toro’s largest, adds new brands to its portfolio and deepens its stake in the underground construction market.
Despite concerns over trade and weakness
in the agriculture sector, Minnesota bankers expect to see the state’s economy continue
to grow this year.
Millions of dollars in loans to Minnesota small businesses were on hold.
Deal means another notable headquarters loss for Twin Cities.
After dealing with his own financial difficulties, the company is trying to help out those who haven’t received paychecks.
Millions of dollars in Minnesota small business loans can’t be completed without federal approval.
The Minneapolis-based water treatment company is acquiring Florida-based Pelican Water Systems for $120 million and Illinois-based Aquion for $160 million. The moves will particularly boost Pentair’s presence in the residential water market.
Replacing retiring, long-time leader Lee Schram, McCarthy joins the small business and financial institutions growth service provider from First Data, an Atlanta-based financial services business.
Lenders are seeing strong commercial loan demand, but they eye warning signals in the economy.