This is in addition to hundreds of other MN workers the bank has laid off this year.
The victim was sending money orders over a period of about nine months.
Direct deposits aren't showing up in some accounts.
They robbed Premier Bank in Northfield just before noon.
Police want help to locate or identify the suspect.
Most non-retail services will shut down on Thanksgiving.
The bank says it's even bigger than first reported.
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.
The Federal Reserve Bank of Minneapolis says the health of Minnesota's banks is gradually improving as the industry recovers from the recession. A Fed official says profits are still not great but they're moving in the right direction. A new report on the year's second quarter also shows the number of bad loans is shrinking.
Twin Cities banks are cashing in on the surge of multifamily construction, jostling to do business again with real estate developers, the Star Tribune reports. It's a sharp twist from the post-crash years when toxic concentrations of commercial real estate loans brought down so many small community banks and larger banks all but pulled out of construction and development lending.
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.
Wells Fargo nearly doubled its first-quarter dividend to 22 cents per share. U.S. Bancorp boosted its by 56 percent to 19 cents. It came after the Fed measured how well the banks might hold up in a financial crisis.
Hundreds of Somalis gathered in Minneapolis Saturday urging lawmakers and banks to find a resolution so they can continue to send money to loved ones in East Africa countries. Some banks have stopped the service with concerns the money is going to help terrorist organizations. As many as 500 Somali Minnesotans have threatened to close their accounts without a solution.
The deal stems from a long-running investigation into poor foreclosure practices among the country's largest mortgage lenders. Five banks, including Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, agreed to pay about $26 billion to reimburse American homeowners. This is the biggest government-industry settlement since the 1998 multi-state tobacco industry deal.
The Fourm of Fargo-Moorhead reports three money transfer brokers are still operating in Moorhead. Sunrise Community Banks ended the wire service to Africa in late December. Banks fear they could unknowingly be violating federal rules against funding terrorism. Minnesota is home to 25,000 Somalians, many of whom send money to Africa to support their families.
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.
The rate of year-end bank robberies is nearly triple what it was a year ago. A robbery at the Glenwood State Bank in Alexandria Thursday makes it 67 statewide in 2011.