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TCF Bank getting into the car loan business

Gateway offers loans through thousands of used car dealers in 30 states. So far this year, the company’s made $200 million. TCF officials say they'll start offering car loans in the next few months.
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Gateway offers loans through thousands of used car dealers in 30 states. So far this year, the company’s made $200 million. TCF officials say they'll start offering car loans in the next few months.

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Strong storms impacting southern MN Thursday morning

The SPC says the storm will likely continue producing isolated large hail.

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Charges: Fitness worker went to 70-year-old's home, killed him with gunshot to arm

Investigators are still working to determine a motive in the case.

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Over a half-century into career, Minneapolis actor James Hong gets his star

The 93-year-old actor received a star on Hollywood's Walk of Fame Tuesday.

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19-year-old motorist killed in Clay County crash

The crash occurred approximately 15 miles east of Fargo in Riverton Township.

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Gallery: Remodeled century-old Minneapolis home on market for $1.06M

The home features Norwegian Oak floors and a spacious open-concept.

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Electrical worker dies from being run over by skid loader in southern MN

The 23-year-old victim and other workers with the Minnesota Valley Electric Company were working in the electrical power line system prior to the accident.

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Crooked Pint's newest Twin Cities location opens Wednesday

Crooked Pint will open in the former Bonfire restaurant space in Savage.

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Minnesota's Crisp & Green to add 30 locations in Florida

The fast-casual chain is owned by Minnesota-based Steele Brands and has seen year-to-year growth since being founded in 2016.

People gather at Peace United Church of Christ in Rochester, Minnesota on April 17, 2022.

Appeal to find arsonist who caused $2.5M damage to Rochester church

The investigation relates to a Peace United Church of Christ, which was extensively damaged by a fire last month.

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Boys volleyball falls 1 vote shy of becoming sanctioned MSHSL activity

It fell two votes shy a year ago, and just one vote this year.

covid

Minnesota's COVID-19 update for Tuesday, May 10

Hospitalizations jumped quite a bit over the weekend.

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More Minnesota banks get federal small business loan funding

The money is part of President Barack Obama's Small Business Jobs Act, aimed at fostering lending that can spur growth and job creation.

Free checking returns to TCF Bank

Wayzata-based TCF Financial Corp. says it is eliminating monthly account maintenance fees for all customers, regardless of minimum balance, direct deposit or transaction level requirements. The Business Journal notes TCF Bank began charging fees in early 2010 after new federal regulations were expected to reduce revenue from overdraft fees.

Deadline approaches for Minneapolis tornado victims to apply for loans

So far, the Small Business Administration says nearly 50 people have gotten loans totaling $782,000. Close to 400 people have picked up paperwork to apply for a loan, but only half have completed the process.

Press Release: State to provide $100 million in loans to boost small businesses

Gov. Mark Dayton pledges $100 million in new direct lending money to job creators. He makes the announcement after Tuesday's Jobs Summit in St. Paul. The added funds will go to qualifying Minnesota banks to distribute as business loans. Dayton says the move will double the state's investment in Minnesota small businesses.

U.S. Bank ending student loan biz

College students looking for private loans have fewer options. Minnesota Daily reports after nearly 40 years in the student-loan business, Minneapolis-based U.S. Bancorp is going to pull out of the student loan market. A company spokesperson said U.S. Bank was a "very small player" with less than 1.5 percent of the student-lending market share. JPMorgan Chase has also decided to only lend student loans to existing customers.

Dealership was letting Vikings drive cars with dealer plates

Police investigated after pulling over Donovan McNabb in a vehicle with dealer plates. Fox 9 reports McKay's Family Auto of Waite Park has a sponsorship deal with the team, and apparently loans out the cars to players and coach Leslie Frazier. The dealership has issued a statement taking responsibility for the situation.

TCF Financial shuffles management team

TCF Financial is shuffling its management team. The bank said it is realigning its management to structure the company under four initiatives: Corporate development, enterprise risk management, lending and funding.