Skip to main content

St. Paul's Western Bank acquired by Omaha company

Family-owned Western Bank was sold to a Nebraska holding company, according to the Pioneer Press. Western Bank President and CEO Tony Lemaire, "It's business as usual, except with more products, technology and capacity to provide our customers an even better banking experience."
  • Author:
  • Updated:
    Original:

Family-owned Western Bank was sold to a Nebraska holding company, according to the Pioneer Press. Western Bank President and CEO Tony Lemaire, "It's business as usual, except with more products, technology and capacity to provide our customers an even better banking experience."

A spokeswoman told the Business Journal no branch closures or layoffs are planned from the acquisition by Omaha-based American National Corp. The deal is expected to close in September.

Next Up

Owl

New Raptor Center data shows 'substantial drop' in bird flu patients

However, the virus remains a serious health threat for birds.

Screen Shot 2022-05-18 at 6.16.34 PM

Suspect kills himself after shooting woman and baby at Fargo restaurant

The suspect was found dead in a stolen vehicle in Minnesota.

CK Kyle Kasio

Charges: Guest stabbed three men as they slept in Albert Lea

Investigators believe the suspect is related to all three victims.

Kandiyohi County Courthouse

2 charged for fentanyl overdose death of 19-year-old

The-19-year-old died from a fentanyl overdose last month.

storm, severe weather

Severe thunderstorm watch: Hail, 65 mph gusts, tornadoes possible

The watch is just north of the Twin Cities metro area.

Lake Minnetonka

The staggering rise of Minnesota's most famous lakes this spring

Imagine dumping Lake Minnetonka into Lake Superior 47 times.

Marijuana, cannabis

Minnesota Senate shoots down latest marijuana legalization attempt

The bill didn't receive the required votes for further consideration on Wednesday.

tree

Minneapolis wants to use $1M in federal cash to plant 200,000 trees

The goal is to have these trees planted by the year 2040.

Screen Shot 2022-05-18 at 12.54.22 PM

MOA theater to debut wrap-around, 270-degree movie screen

The new technology will expand the movie screen onto the side walls of the theater auditorium.

Related

St. Cloud-based Stearns Bank buys Georgia banking company

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.

Iconic 1st National Bank Building in downtown St. Paul has a new owner

The historic 662,000-square-foot tower, known for its neon 1st sign, was sold to a New York City investment group for a little more than $19.8 million. The Business Journal notes Houston-based Fairfield Financial Group bought the First National Bank Building in January 2007 for $27.1 million.

Snack company relocates HQ to St. Paul

Flagstone Foods, one of the largest suppliers of trail mix and dried fruit snacks in the U.S., is now based in downtown St. Paul. The Pioneer Press reports the new corporate headquarters will employ about 45 people. Flagstone, previously called Snacks Holding Corp., was formed by San Francisco-based Gryphon Investors in November 2010. The company received $80,000 from the St. Paul Housing and Redevelopment Authority that won't have to be repaid as long as it hires 40 or more people.

Wyoming, Minn. bank fails, is acquired by Central Bank of Stillwater

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.

Ecolab to acquire chemical company Champion for $2.2 billion

St. Paul-based Ecolab plans to buy Houston-based Champion Technologies Inc. for about $2.2 billion in cash and stock to complement last year’s purchase of Nalco Holding Co. and grab a larger share of the oilfield-chemicals business, Bloomberg News reports.