Peter Dahl was sentenced to a year and one day in prison and will be required to pay more than $400,000 in restitution.
The 51-year-old allegedly robbed a bank on May 1.
The Minnesota-based company is trimming its branches.
Paying for shopping will be a quicker process in the near future.
The bank is celebrating reaching a financial milestone.
A Premier Bank was targeted on Saturday morning.
The robbery happened shortly after it opened last Wednesday.
The family is suing the bank.
The Minneapolis-based bank failed to detect and report money-laundering.
Piper Jaffray Cos. reported its net revenue grew to $133 million, compared to $95.9 million in the third quarter last year, the Business Journal reports. The Minneapolis-based investment bank and asset manager says its mortgage-backed securities trading strategy "drove the majority of the improvement."