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U.S. Bank Makes a Pair of Acquisitions

U.S. Bank acquired BankEast, a Tennessee-based bank that was shuttered last week by regulators; it also announced plans to purchase the Indianapolis-based corporate trust business of UMB Bank.

Local Broker Charged in $3.3M Mortgage Scheme

Minnetonka resident Steven Carver, who was a real estate broker and operated Carver & Associates Real Estate in Maple Grove, allegedly orchestrated a kickback scheme through which lenders lost $3.3 million and that resulted in the foreclosure of 18 homes.

Regis’ CEO-to-Be Leaves Co.; 110 Laid Off

Pearce, who was set to take the reins in February following the planned departure of Paul D. Finkelstein, has elected to leave the company instead; separately, Regis laid off 110 employees at its corporate office this week.
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