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.
Ant ejected, Wolves blow huge lead and lose to slumping Hawks
The Timberwolves missed another opportunity to get over .500.
NHL announces make-up dates for Wild postponements
The Wild will play 40 games in the final 77 days of the regular season.
Group says Mayo should be 'severely punished' over research puppy's death
The puppy died two days after undergoing a procedure at a Mayo research facility.
Charges: Man kidnapped woman, sexually assaulted her at gunpoint
The suspect faces three separate felony charges.
St. Cloud 'Boogaloo Boi' who discussed attack on MN Capitol gets 2 years
He was charged with illegally possessing a machine gun.
High school basketball team returns from game to find bus driver dead
Members of the girls team returned to the bus to find the driver unresponsive.
Minnesota AG sues COVID testing site, alleging it sent false results
Sometimes the company didn't send people their results at all, the lawsuit alleges.
UnitedHealth Group says it made $287B last year, $24B of it profit
The corporation's Optum business represented a significant chunk of that total.
Friend arrives at couple's home, stabs one of them after being asked to leave
The couple say their friend was "not acting right."
Fed says Minnesota banks almost back to normal after financial crisis
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.
Bloomington bank shut by regulators starts new life Monday
The Bloomington bank that's been known as First Commercial will open its doors as part of Republic Bank & Trust on Monday. Regulators shut down the bank after closing on Friday. The FDIC arranged a sale of its assets to Republic, which is based in Louisville, Kentucky. It's Minnesota fourth bank failure this year.
Apartment boom spreads into suburbs
Renting outside Minneapolis and St. Paul has largely been limited to housing built decades ago, but experts say the suburbs are ripe for a new wave of apartment development. It's a trend driven by a fundamental shift in attitudes toward renting plus a growing appetite housing with urban perks.
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.
Somalis protest by closing bank accounts
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.
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