Minnesota

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

Andy Cecere is widely viewed as the successor to Richard Davis as chief of the Minneapolis bank — Davis has repeatedly backed him in public forums — but Cecere may get several years to prepare for the daunting growth challenges facing banking's next generation of leaders.

Speaking at an investor event Thursday, U.S. Bancorp Chief Executive Richard Davis said he has no plans to court Wells Fargo customers who might be put off by the recent account-related scandal at their bank.

Fee income, niche financing lines and auto lending drove second-quarter profits at TCF Financial in Wayzata, Minn.

U.S. Bancorp could see a slight uptick in revenue in its payments business after the U.K.'s decision to leave the European Union, Chief Executive Richard Davis said on a conference call Friday.

U.S. Bancorp in Minneapolis reported higher quarterly profit boosted by increased fee revenue from credit and debit cards.

Calling the crazy-idea department … a U.S. Bancorp-branded bus is more than halfway through a cross-country, social-media-tracked journey to promote community development and alter its profile. It's an example of the new style of reputation-oriented marketing being pursued by banks.

A federal judge ruled that Wells Fargo violated a contract with the NFL's Minnesota Vikings over the placement of signs near the team's new stadium, according to a published report.

Chief Executive Richard Davis said Tuesday that he expects a “neutral outcome” in the second quarter, as low interest rates continue to weigh on income from loans.

State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.

U.S. Bancorp in Minneapolis said it expects noninterest expense to increase in the second quarter due in part to compliance and marketing costs.

Royal Credit Union in Eau Claire, Wis., has agreed to buy Capital Bank in St. Paul, Minn., from First Sleepy Eye Bancorp in Sioux Falls, S.D.

TCF Financial in Wayzata, Minn., reported sharply higher profits driven by gains on the sale of auto loans even as auto-related chargeoffs rose.

Add U.S. Bank to the list of companies allowing its customers to access its mobile app through their thumbprint.

Granite Bank in Colebrook, N.H., has named a Minnesota community banker as its new chief executive.

Wings Financial Credit Union has scored a deal to take over a branch from U.S. Bank at Minneapolis-St. Paul International Airport.

The Independent Community Bankers of Minnesota said Jim Amundson will be its next president and chief executive.

TCF Financial in Wayzata, Minn., will close 33 branches inside Jewel-Osco stores in the Chicago area.

TCF Financial in Wayzata, Minn., reported higher profits on lower provision costs and a pickup in lending in the fourth quarter.