Minnesota

Community Pride Bank Corp. in Ham Lake, Minn., is under orders from the Federal Reserve Bank of Minneapolis to use all of its "financial and managerial" resources to ensure that its bank subsidiary remains safe and sound.

On Thursday, the Fed published written agreements struck earlier this month with the $119 million-asset Texas Bancshares Inc. in Snyder, Texas, and the $169 million-asset Flagship Financial Group Inc. in Eden Prairie, Minn.

The Federal Reserve this week took action against four banks, including three written agreements and the issuance of a prompt corrective order against Bank of the Eastern Shore.

The Federal Reserve on Thursday announced written agreements with four banks, including the $2 billion-asset Old Second Bancorp Inc. in Aurora, Ill.

TCF Financial Corp. in Wayzata, Minn., reported earnings of $29.8 million in the second quarter, down 33% from a year earlier, as the company grapples with ways to replace fee income.

U.S. Bank is letting customers who have lost income due to the state of Minnesota government shutdown skip one monthly payment on most types of loans without penalty.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as the president of its Florida operation.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as president of its Florida operation.

The Federal Reserve on Tuesday announced that it had reached a written agreement with BW Bancorp in Ely, Minn.

The National Credit Union Administration has liquidated the Hmong American Federal Credit Union in St. Paul, Minn. The agency said Thursday that it made the move to discontinue the $2.7 million-asset credit union's operations after determining that Hmong was insolvent.

The Federal Reserve has terminated an enforcement action against Currie Bancorp of Minnesota. Currie, the parent of the $44.9 million-asset Currie State Bank, had been operating under a written agreement since November 2008.

Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.

Wintrust Financial Corp. in Lake Forest, Ill., has acquired certain assets and liabilities of River City Mortgage LLC, a mortgage bank in Bloomington, Minn.

Skeptics have often viewed banks with in-store branches as unconventional. Still, several community banks have tested the strategy and concluded it has untapped potential.

Wells Financial Corp. in Wells, Minn., said Friday that it revised its 2010 results after boosting reserves for selected loans and repossessed properties.

On Tuesday, the Fed reported the formal actions it took against $242 million-asset American Bancorp. of Minnesota Inc. in Baxter, $1.2 billion-asset Eastern Virginia Bankshares Inc and its EVB bank unit in Tappahannock, $1.5 billion-asset Marquette Financial Cos. in Minneapolis and $541 million-asset National Bancorp Inc. in Schaumburg, Ill.

The Federal Reserve Board acted against three banks Tuesday. Bank of Whitman in Colfax, Wash., was hit with a prompt corrective action after the Fed found that the $722.2 million-asset bank was undercapitalized and failed to submit an acceptable capital restoration plan.

Securian Financial Group of St. Paul, Minn., said Wednesday that it had received regulatory approval to write debt-protection contractual liability policies in Florida.

The Federal Reserve Board said it has reached a written agreement with Cokato Bancshares Inc. of Cokato, Minn. The $55.5 million-asset company agreed to be a source of strength for State Bank of Cokato, which has been under a consent order from the Federal Deposit Insurance Corp. since May.

HMN Financial Inc. in Rochester, Minn., said it plans to defer paying the next dividend it owes the Treasury Department.