An executive with the Federal Reserve Bank of Minneapolis says profits and the quality of loans held by Minnesota banks are almost back to their historical averages. Those still hurting are mainly Twin Cities area banks that invested in commercial real estate in outer-ring suburbs.
3 St. Paul fast food restaurants robbed in space of an hour
The thieves struck between 7:15 p.m. and 8 p.m.
Fire at historic Stevens House museum for third time since Aug. 30
The fire was reported early Saturday morning.
What to do with the Kmart site? Minneapolis wants your ideas
The project will connect Nicollet Avenue south of Lake street and north of the Midtown Greenway, reestablishing a street grid.
Crowd evacuated at end of homecoming football game in Brooklyn Park
Police blamed 'unruly teens' in the stands and some who were trying to enter the stadium.
BCA: Police shoot suicidal man 'armed with sword' in North Branch
The man is expected to survive.
State to help 44 Minnesota gas stations add E15 pumps
The yellow 88 button is coming to more gas stations in Minnesota.
FBI, police investigating bank robbery at Edina's 50th and France
An ATM technician was robbed by four men at a U.S. Bank.
Paralyzed Bloomington football player begins rehabilitation in Colorado
Ethan Glynn is at a world-renowned rehabilitation hospital.
Man killed, woman seriously injured in Hastings boating collision
The incident remains under investigation.
Owner of St. Cloud bar gets 6 years for arson, ordered to repay $3M
A February 2020 fire at the Press Bar and Parlor was later determined to be an insurance job.
Bloomington, Richfield districts tighten security ahead of weekend football
Enhanced safety measures will be in place this weekend.
Walz sends MN first responders to help with hurricane recovery in Florida
Eight members of the Minnesota All Hazards Incident Management Team will travel to Florida.
Federal Reserve says Minnesota banks slowly getting stronger
The Federal Reserve Bank of Minneapolis says the health of Minnesota's banks is gradually improving as the industry recovers from the recession. A Fed official says profits are still not great but they're moving in the right direction. A new report on the year's second quarter also shows the number of bad loans is shrinking.
Banks coming back home in apartment boom
Twin Cities banks are cashing in on the surge of multifamily construction, jostling to do business again with real estate developers, the Star Tribune reports. It's a sharp twist from the post-crash years when toxic concentrations of commercial real estate loans brought down so many small community banks and larger banks all but pulled out of construction and development lending.
Wolves on brink of financial ruin?
A Delaware-based investment blog lists the Minnesota Timberwolves as one of seven professional sports teams with the shakiest financial prospects. The report points out that the Wolves lost $7 million last year, and could lose more this year if the NBA season is wiped out by the lockout.
Traffic signals back to normal in Minneapolis after computer failure
A backup system was used to control about 700 city intersections during the outage, but the signals were on timers rather than changing with the flow of traffic.
Minnesota experience inspires novel about Somali teen radicalization crisis
An author who lives in Minneapolis explores the radicalization of Somali teens in his new book 'Crossbones'. Nuruddin Farah was born in Somalia. His book follows a war correspondent who is on a quest to find his missing nephew believed to be fighting for a terrorist group in Mogadishu. Farah delves into the world of war profiteers who exploit the weaknesses of the innocent.
You Can Get BMTN Special Offers!