Minnesota

Hancock Holding in Gulfport, Miss., reported a sharp rise in third-quarter profit, reflecting efforts to cut costs.

U.S. Bancorp reported a steady quarterly profit that matched analysts' estimates as the company made more loans to businesses.

U.S. Bank in Minneapolis will pay nearly $11,500 to a Native American couple in North Dakota to settle a lending-discrimination complaint with the Department of Housing and Urban Development.

Wilcox Bancshares in Grand Rapids, Minn., has purchased Crow River State Bank in Delano, Minn.

From mergers and retirements to special programs being offered, CU Journal offers a quick look at the latest news from credit unions across the country.

PLYMOUTH, Minn. — For many credit unions, selecting a new core provider is a cumbersome, tedious process that takes months and sometimes more than a year.

TCF Financial (TCB) in Wayzata, Minn., reported a significant increase in second-quarter earnings as a surge in automobile lending and improved asset quality offset a decline in fees from deposit accounts.

Earnings at Associated Banc-Corp (ASBC) fell slightly in the second quarter as growth in commercial lending failed to offset a sharp decline in income from mortgage banking.

Alerus Financial (ALRS) in Grand Forks, N.D., has acquired Private Bancorp. in Minneapolis for $15.9 million in cash and other considerations.

LAS VEGAS — Credit Union Journal asked CU lending executives to talk about the "new normal" in auto lending, offering insight into the differences to be found in the market today compared to just a few years ago.

MORA, Minn. — Members of Greater Minnesota CU here have approved a merger with SPIRE CU, which will be the continuing credit union.

U.S. Bancorp (USB) in Minneapolis has hired a president and chief executive for its asset management subsidiary.

Riverland Bancorp. in Jordan, Minn., has raised roughly $1.3 million by selling common stock.

MORA, Minn. — After leading Greater Minnesota Credit Union for 27 years, CEO Steve Ahlness will retire July 1.

A group of investment firms has forced American Bancorp. into liquidation over unpaid trust-preferred debt. Creditors have threatened to go this route before but this is the first time any have followed through, serving as an ominous precedent for the up to 300 banks in danger of defaulting on the hybrid securities.

U.S. Bancorp (USB) supported $202 million of tax-credit-based financing in the southeastern United States last year, more than doubling its community development financing from the previous yea

Voyager Bank in Eden Prarie, Minn., officially named John Kimball as its new chief executive officer.

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The Federal Reserve Board has terminated an April 2013 enforcement action against Freedom Bancorp in Lindstrom, Minn.

Target Corp. is backing the moving class action lawsuits related to the retailer's massive data breach to the company's home state of Minnesota.