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The Federal Reserve Board has terminated an April 2013 enforcement action against Freedom Bancorp in Lindstrom, Minn.
April 2 -
The $1.6 billion-asset KleinBank said it expects to buy the $207 million-asset Prior Lake by the end of this year. Financial terms were not disclosed.
March 26 -
Cattail Bancshares in Atwater, Minn., has finally landed a deal after several years on the prowl. The $120 million-asset company has agreed to buy the $61 million-asset Citizens State Bank of Waverly.
October 26
Voyager Bank in Eden Prarie, Minn., officially named John Kimball as its new chief executive officer.
Kimball has been chairman of the $337 million-asset financial institution since November and he added the title of CEO on March 1, according to the Minneapolis/St. Paul Business Journal.
Before joining Voyager, Kimball spent approximately two years with The Financial Services Consulting Group where he provided management consulting services to community banks and their boards. He also was president and CEO of American Bank of St. Paul for four years as well as president of Marshall Bank and BankFirst.
The Minneapolis/St. Paul Business Journal said Voyager fired its prior CEO, Tim Owens, in 2011 as the bank was facing legal disputes. In September 2012, Voyager's holding company VFSC, Inc., was
Voyager also announced that Scott Weaver will remain president and chief operating officer.
