Minnesota

TCF Financial in Wayzata, Minn., has hired R. Patricia Kelly as its managing director of commercial banking. Kelly joins the $20 billion-asset company from Chicago Corp., where she oversaw the investment bank's financial institutions and real estate units.

Low interest rates continue to constrain growth at TCF Financial in Wayzata, Minn.

The acquisition would be Alerus' first since it bought Private Bank Minnesota in Minneapolis in June 2014. The Beacon deal would boost Alerus' total assets in Minnesota to about $771 million.

Bridgewater Bancshares in Bloomington, Minn., has raised $15 million from the private-equity firm Castle Creek Capital.

Bill Cooper is set to retire as chief executive of TCF Financial in Wayzata, Minn., at the end of this year.

WOODBURY, Minn. — Pipefiters Steamfitters CU here has completed its conversion to Sharetec's core system, the two organizations announced Thursday.

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

ST. PAUL, Minn. — Minnesota's Prize-Linked Savings Bill made another crucial step toward passage Thursday.

ST. PAUL, Minn. — City & County Credit Union has launched a new website designed to "enhance" its members' online experience. The $419 million CU said the new website was built "with responsive design" and features "intuitive navigation and a visually appealing design."

BURNSVILLE, Minn. — US Federal Credit Union Wednesday announced it has surpassed $1 billion in assets.

TCF Financial in Wayzata, Minn., reported lower profits because of a decline in fee income and flat performance in its loan book.

HMN Financial in Rochester, Minn., has agreed to buy certain assets and liabilities of Kasson State Bank.

TCF Financial in Wayzata, Minn., has a new president. The $19.4 billion-asset company said in a press release Tuesday that Craig Dahl had taken on the newly created post.

NETT LAKE, Minn. — Just before NCUA chartered the first new credit union of 2015, Northern Eagle FCU was celebrating its first full year of operation, highlighting some of the challenges de novo charters face.

Pamela Joseph, U.S. Bancorp's vice chair of payment services and a 10-year veteran of the Minneapolis-based bank, plans to retire in mid-2015.

ST. PAUL, Minn. — The Minnesota legislature is considering a pair of bills sponsored by the Minnesota CU Network that would allow CUs to offer prize-linked savings accounts.

Wells Financial in Wells, Minn., has installed an interim leader after the resignation of its chief executive.

U.S. Bancorp in Minneapolis reported higher quarter earnings as revenue growth outpaced higher expenses.

The $8.9 billion-asset company said in a statement provided to American Banker on Wednesday that it plans to use the capital to support future growth.

A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.