Minnesota

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.

Regulators on Friday closed Northern Star Bank in Mankato, Minn., the 18th institution to fail this year.

Sentry Bank in St. Joseph, Minn., has lined up its next president and chief executive.

The $16.3 billion-asset UMB will pay $182.5 million in stock for the Marquette, which is owned by the Pohlad family. The acquisition, which values Marquette at 160% of its tangible book value, is expected to close in mid-2015.

Bidding is over in the first bankruptcy auction to be held at the demand of trust-preferred creditors, but there's no clear winner.

Anchor Bancorp in St. Paul, Minn., has agreed to buy VFSC in Eden Prairie, Minn.

Border Bancshares in Greenbush, Minn., has agreed to buy full ownership of First Advantage Bank in Coon Rapids, Minn.

Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

PLYMOUTH, Minn. — Instead of simply counting Facebook likes, followers, fans and friends, TruStone Financial Federal Credit Union here has turned this social media platform into an auto loan profit center.

Wells Financial in Wells, Minn., has agreed to buy St. James Federal Savings and Loan Association in St. James, Minn.

A Minnesota community bank has made an offer to buy American Bank of St. Paul in what would be the first time a bank was forced into a sale over unpaid trust-preferred debt.