Minnesota

Park Financial has agreed to buy shares from one of the founders of Mesaba Bancshares.

Heading into its sixth year, the XDI Chili Challenge isn't just about cooking up some spicy stew: it can also be a great way to develop rapport with employees and members alike.

The Minnesota-based credit union said its current system was not keeping up with the marketplace.

After a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.

The Saver's Sweepstakes program was developed with the help of the Minnesota Credit Union Network, which runs a similar initiative.

The Minnesota CU is now part of a nearly $800 million-asset institution and will increase the number of products and services available to members.

Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.

Users cite ease of use, ability to offer advanced products, services.

Floodwood Area Credit Union and Northwoods Credit Union have completed a merger, with the resulting institution holding more than $110 million in assets and serving more than 10,000 members.

National Credit Union Administration board member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

After 32 years of service – 20 as CEO – the credit union veteran will step down at the $1.2 billion-asset institution.

Analysis from the Minnesota Credit Union Network revealed a benefit of $69 per member or $132 per household as the result of credit union membership.

Doug Ralston is set to succeed Scott Lundgren, who is retiring after 33 years in the credit union movement.

CU in the heart of California’s Silicon Valley will change its core system this summer.

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking.

The company could use proceeds from the planned offering to add branches and make bigger loans.

The Kansas City, Mo., company sold Marquette Asset Management, a business it gained as part of its purchase of Marquette Financial Cos., to the firm's principals.

The bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets.

Wings Financial Credit Union will also gain about $40 million in deposits and $10 million in loans.

Minnesota-based CU has returned $3.1 million to its VIP members in five years.