Credit Stress Prompts HF Financial to Revise Results

HF Financial said that it expects to revise its results for its fiscal year that ended June 30 downward by $500,000 to $1M to reflect downgrades in its agriculture portfolio.

San Diego Credit Unions in Deal to Merge

Bell Federal Credit Union and Midwest Partners Federal Credit Union, both in Sioux Falls, S.D., have agreed to merge, creating a $65M-asset credit union serving 9,000 members.

Great Western to Buy F&M for $50M

Citizens Republic announced Monday that it has agreed to sell its F&M Bank subsidiary in Des Moines for $50 million in cash to Great Western Bank, a South Dakota unit of ...

S.D. Sioux Tribe Aims to Use Buyout for Pension Asset Edge

To generate revenue, a casino wasn't an option for the chairman of the Lower Brule Sioux Tribe. So he did the next best thing: he bought a wealth management company.

Banks Issue Stock to Repay Tarp

City National Corp. in Los Angeles and Texas Capital Bancshares Inc. in Dallas plan to complete stock offerings this week to repay their government capital.

South Dakota Changes Its Branching Rules

A South Dakota law that is scheduled to take effect July 1 could pave the way for state-chartered banks to start building more branches.

South Dakota Eyes Expansion of Branching Powers

State-chartered banks in South Dakota could soon get the same authority to branch as freely within the state as their national bank counterparts.

Farm Belt Pulls NAB Back to U.S.

Echoes of Rabobank in Great Western deal

Seven years after selling its U.S. banking arm to one Dutch company, National Australia Bank Ltd. is returning with what looks like a page from another Dutch lender's playbook.

SBA Testing Rural Lending Program

The Small Business Administration is testing a program meant to encourage more community banks and credit unions to make government-guaranteed loans in rural markets.

South Dakota Tourist Spot Draws Montana Bank

The Black Hills and Badlands region of South Dakota has emerged as a major tourist destination, and First Interstate BancSystem Inc. in Billings, Mont., wants in on the action.

First Interstate in Montana Acquiring First Western for $251 million

First Interstate BancSystem Inc. in Billings, Mont., has made a deal to buy First Western Bancorp Inc. in Huron, S.D., for $251 million in cash and stock.

Fed Lowers Boom on BankFirst in South Dakota

The Federal Reserve Board released a sweeping agreement Wednesday with a $720 million-asset Minneapolis holding company and its largest subsidiary to improve asset quality, loan administration, and other areas of concern.

HF Building in Servicing with Great Western Deals

HF Financial Corp. in Sioux Falls, S.D., has struck two deals with Great Western Bank of Watertown, S.D., that would ultimately leave the parent of Home Federal Bank with fewer branches but a fatter mortgage servicing portfolio.