State Coverage: Minnesota
Failed-Bank Winners Share Secrets to Success
American Banker | Feb 23Small banks face myriad and often frustrating obstacles to acquiring failed banks. But some smart strategies have separated the successful bidders from the rest, including raising ...
PE Buyers Strike Again as Six Banks Fail
American Banker | Feb 01For the second Friday in a row, the FDIC relied on new-bank capital to find homes for the operations of failed institutions.
Trio of Banks Fail in Three States
Temporary charter created for Utah-based Barnes
American Banker | Jan 19The government seized banks in three states late Friday, bringing the failure total in the new year to four.
U.S., China Team Up on Failed San Francisco Bank
American Banker | Nov 09Officials announced the elaborate closing of United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's ...
Failures in Triple Digits After 7 Banks Fall
American Banker | Oct 26Failures in 2009 shot past the 100-mark late Friday as regulators swooped into seven community banks in the Midwest and southeast.
Regulators Shut Three Banks, in Michigan, Minnesota and Colorado
'09 failure total rises to 98
American Banker | Oct 05Regulators shut three banks late Friday — Warren Bank in Michigan, Jennings State Bank of Spring Grove, Minnesota and Southern Colorado National Bank in Pueblo.
Minnesota Deal May Illustrate Tiny Consolidation Trend
American Banker | Sep 29KleinBank's new CEO already has a deal to buy a struggling one-branch competitor, and industry observers say more companies could start eyeing similar small deals.
Illinois' Corus Bank Collapses, Bringing '09 Failure Total to 92
American Banker | Sep 14Time ran out on Corus Bank late Friday as regulators closed the once-high-flying Chicago condominium lender and sold its operations to another institution.
Three More Banks Collapse
American Banker | Aug 31Three banks totaling $1.9 billion in assets failed late Friday, bringing the year's closure total to 84.
'09 Failures Up More Than 10% in One Night
Regulators Close 5 Banks; Worst Single Evening Since 1992
American Banker | Jun 29While all the banks were relatively small, their estimated total cost to the Deposit Insurance Fund was not: $265 million.
First Financial, Bremer Join Student Lending Departures
American Banker | Apr 21More community banking companies are abandoning student lending, thanks to thin margins and an inability to sell the loans.
TCF: Capital Repayment Plan Approved
American Banker | Apr 21TCF Financial said Monday that it has received approval to repay the $361.2 million of government capital it received.
Thrift Buys Give U.S. Bancorp California Boost
American Banker | Nov 25Joseph Otting, U.S. Bancorp's vice chairman and senior officer of West Coast operations, said in an interview Monday that the company is also eyeing opportunities in Oregon, Washington, Nevada, Arizona, Tennessee, and the Chicago area.
Writeoff Drives HMN to a Loss
American Banker | Oct 22HMN Financial of Rochester, Minn., lost $7.1M, or $1.93 a share, in the third quarter after writing off a large commercial loan and setting aside $3.4M for two ...
Natcom of Wisconsin Buying Rival
American Banker | Jun 20Natcom Bancshares in Superior, Wis., said it has agreed to buy Superior Bancorp.
