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.
Minnesota State Fair 2022 tickets go on sale at discounted price
These early tickets are $3 cheaper.
Here is Polaris' new electric Ranger off-road vehicle
The Minnesota-based company unveiled the electric UTV on Wednesday.
MN women's soccer team narrows name, logo options to final 3
The winning nickname and logo will be announced in January.
Man seriously hurt in crash with school bus in St. Louis County
The four kids on the bus were not hurt.
2nd period surge leads Wild to fourth straight win
With three goals in the second, the Wild blasted the last-place Coyotes.
Late-tip in helps Gophers pass first big test, improve to 6-0
Luke Loewe's bucket with 2.4 seconds remaining helped the Gophers stay undefeated.
Man, 40, found dead stuck in air duct at his Otter Tail Co. home
The discovery was made by family members Monday morning.
What Biden said during his visit to Minnesota Tuesday
The president spoke at Dakota County Technical College.
Cook County registers its first COVID-19 death of the pandemic
The sparsely populated, highly-vaccinated county has continuously had one of the lowest rates of COVID in the state.
Support for MN family after anti-maskers target child of school board chair
An online group opposing Kelsey Waits outed the child as transgender.
St. Paul schools add 2 days to winter break due to pandemic stress
The added days off are meant to acknowledge the stress the pandemic has caused.
Charges: St. Cloud mother killed baby, placed him in dumpster
The 4-month-old baby was found by officers on Sunday morning.
St. Cloud-based bank buys failed Georgia-based bank
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.
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.
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.
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."
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.
U.S. Bank closes U.C. Davis branch because of 'Occupy' protesters
The Minneapolis-based bank closed a branch at the University of California-Davis campus because of "several weeks of business interruption" that a spokeswoman said threatened the safety of employees and customers.
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