The Minneapolis-based bank closed a branch at the University of California-Davis campus because of "several weeks of business interruption" that a spokeswoman said threatened the safety of employees and customers.

The company says it will be closing its Albert Lea and merging its two locations in Roseville into one. Weak sales forced the women's clothing retailer to cut about 20 percent of its staff earlier this month.

The women's clothing company based in Plymouth says it plans to close the stores by the end of January and will also lay off employees at its corporate office.

The FDIC shutdown Patriot Bank in Forest Lake Friday. First Resource Bank in Savage agreed to take over the assets and deposits from the failed Minnesota bank. There have been seven U.S. bank failures in 2012. Patriot Bank is the first to fail in Minnesota this year.

The RiverBank had been losing money since 2009 and regulators considered it undercapitalized. Its six branches are now part of Central Bank, which has acquired several failed banks over the last two years.

A group of Twin Cities Somalis are frustrated with banks no longer willing to transfer money to Somalia. In response, Somali-American customers are removing their money and closing bank accounts. They want banks to restore the wire service to Africa. Banks fear the money transfers could violate anti-terror regulations.

St. Matthew's School in St. Paul shut its doors for good Friday after 125 years. The Archdiocese of St. Paul and Minneapolis closed the historic school as part of its multi-year restructuring plan, where 21 parishes will merge into 14 by 2013.