According to new data, Wells Fargo holds 43 percent of bank deposits in Minnesota—up from its 30.5 percent share last year and nearly double the 22.5 percent share held by local competitor U.S. Bank.
Leadership
Additional company executives made appearances on American Banker magazine’s 25 “women to watch” ranking and its list of top banking teams.
In a survey in which 10,554 diners weighed in on everything from their favorite burger and fries to salad and fast-food chain, Caribou Coffee and Buffalo Wild Wings were among the local chains that did well.
The company said that Ryan Gilbertson resigned from his position at the oil extraction and production company he cofounded to pursue other business and charitable activities.
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The company said that Ryan Gilbertson resigned from his position at the oil extraction and production company he cofounded to pursue other business and charitable activities.
Minnesota’s state and local governments collected $4,587 per person in taxes in 2010—and spent $8,848.
In a recent survey, Target was recognized for its commitment to community and reasonable prices, while Best Buy received high marks for employees that provide helpful feedback.
The Golden Valley-based company will be added to the S&P 500 index on Friday, the same day it is expected to complete its merger with the flow control division of Tyco.
Minneapolis banks charge the least for non-customers to use their ATMs, but the city ranked in the middle of the pack with respect to overdraft fees and charges to customers who use ATMs outside of the banks’ network.
Honoring five of Minnesota's most valued board members.
Ecolab CEO Doug Baker said that the company is in need of additional leadership support after its $8.3 billion acquisition last year of Nalco Holding Company.
However, there is a silver lining: The state has added 24,500 jobs in the past year, representing a growth rate of 0.9 percent—and Minnesota’s unemployment rate still remains well below the national rate, which was 8.1 percent last month.
Marilyn Carlson Nelson and Barbara Carlson Gage climbed the furthest on this year’s list, while Stanley Hubbard and Glen Taylor slid in the rankings.
The owner of The Wirth Companies and developer of major Minnesota projects like the Grand Lodge Hotel Waterpark in Bloomington was sentenced to four-and-a-half years in prison and ordered to pay $6.46 million in restitution.
In Experian’s ranking based on the average of credit scores of residents in 143 U.S. cities, Minneapolis reclaimed the top spot after losing it in 2011 after four straight years of coming in first.
Troy Venjohn, who will now serve as Atomic Playpen’s sole CEO, said co-founder Michael Kretsinger left to pursue “a number of potential opportunities” outside of the agency. Kretsinger, meanwhile, declined to disclose his reason for leaving or future plans.
Gregg Steinhafel paid $6.76 million to buy 200,000 shares of Target stock and received $12.91 million when he sold them.
The metro area’s 2011 exports totaled $26.2 billion in 2011, up 12.9 percent from the previous year, according to the U.S. Department of Commerce.
Three University of Minnesota researchers are developing technology that will use natural bacteria to purify water contaminated due to fracking.
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