Bank of the West shutters 4 branches in Minnesota


Bank of the West has closed its Inver Grove Heights, Lino Lakes, Moorhead and Greenwald branches, the Business Journal reports.

That leaves the San Francisco-based bank with 24 branches in Minnesota.

"These changes allow Bank of the West to continue to serve our customers in the community through our four branch locations in the Minneapolis area without compromising our commitment to quality service," spokesman Jim Cole said in a statement to the Journal.

It's unclear how many jobs were eliminated because of the bank closures.

Next Up


FDIC shutters another Minnesota bank

Maple Grove-based InterBank was among four banks in three states closed by federal regulators Friday. Great Southern Bank based in Missouri will taken over InterBanks's four branches in the Twin Cities metro starting Monday. The FDIC has now closed 21 failed U.S. banks this year.

American Bank closing 2 more branches

American Bank of St. Paul, one of the Twin Cities’ riskiest lenders in recent years, has shuttered a second branch this year and plans to close another, the Business Journal reports. American Bank closed its Highland branch this month and plans to close its Phalen branch in St. Paul next month. The bank has been under heightened regulatory scrutiny since the Federal Reserve ordered it to improve its loose lending standards in 2009.