Stearns Bank agreed to take over Covenant Bank & Trust after regulators shut it down Friday. The nationwide tally of bank failures is now 15 for the year, including two in Minnesota.
Numerous reports of tornadoes and nearly 100 mph straight-line winds.
Of the four, only one was wearing a lifejacket when the boat capsized Wednesday.
The pushback includes loosening restrictions on growler sales for bigger craft breweries and a more direct line of spirit sales to customers.
It's the second night in a row that severe storms are hitting the metro.
Photo above is a view from Marshall as the line of storms moved through Thursday evening.
The tornado watch is in effect until midnight.
The single-story home was fully engulfed in flames when first responders arrived early Wednesday morning.
The warning covers an area of Minnesota, South Dakota, Iowa, and Nebraska.
A devastating house fire happened early Thursday morning.
The incident happened Wednesday night near a shopping center and Cub.
Alexander John Odegaard was sentenced in U.S. District Court Tuesday.
Martha Llanos Rodriguez died in the wreck on I-90.
St. Cloud-based Stearns Bank purchased all of the assets of the three-branch Jasper Banking Co. of Jasper, Ga., after regulators shut the bank down Friday, according to the Federal Deposit Insurance Corp. Since 2008, Stearns has purchased eight failed banks in government-assisted sales.
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.
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 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.
Regulators closed Home Savings of America in Minnesota, including two branches in California. Customers will receive checks in the mail for the amount of their insured deposits. The FDIC could not find another financial institution to take it over. Loan customers are suppose to continue making their payments as usual.
U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed Wednesday. The bank's new $35 overdraft fee brings it in line with the country's biggest financial institutions, including Bank of America, Huffington Post reports. Bank officials note that the 15 million-customer bank is eliminating one other fee and lowering yet another.
Minneapolis-based Public Radio International (PRI) has a new owner. The smaller competitor to National Public Radio announced Thursday it has been sold to WGBH Boston. Although terms of the deal were not disclosed, PRI will still produce its programming and Alisa Miller will remain CEO. PRI was founded 28 years ago and is on 900 radio stations nationwide.
The University Bridge near St. Cloud State University was shut down for an hour early Saturday morning as police were saving a suicidal person straddling the ledge of the structure. St. Cloud Police were called to the scene just after 1:30 a.m. to negotiate with the 21-year-old person. Police convinced the person to come off the railing after about an hour, and restrained the person to prevent any self-harm.
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