Minnesota

The Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, declining to take into account claims the transaction imperils the target's S corporation status.

The Communal CU says it will automate processes, use data in strategic decisions.

The bank has taken a decisive step to protect its asset quality, but the move also raises questions about what will drive loan growth in the future — and whether the company is on the block.

The company will pay $53 million in cash and stock for Signature Bank.

The Minnesota bank held on to auto loans, sold fewer consumer mortgages and paid more interest on deposits and long-term borrowings as it also redeemed preferred shares in the third quarter.

A deal between Pembina County Bankshares and Drayton Bancor would combine two small banks that operate on both sides of the North Dakota-Minnesota border.

Lakes Area FCU is merging into Members Cooperative CU following heavy losses over the last 18 months.

20 Minnesota credit unions now offer the program, members have put $3.5 million in 5,000 accounts.

Following losses in 2014, the $22 million-asset PCCU has turned a profit for the last two years and was in the black for Q1 2017 and will pay a $400,000 special dividend back to its members as part of the deal.

Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.

Johnson Bank in Racine, Wis., has hired the head of JPMorgan Chase’s Wisconsin-Minnesota market as its president.

Minnesota CU has returned more than $2.6 million since rewards program started in 2012.

The $12.8 million Employees First CU lost $2.8 million in 2016.

The Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

Banks are grappling with new challenges in trying to work with voice assistants like Alexa in Amazon's Echo to allow customers to check balances and perform other tasks. But with voice banking on the horizon, banks cannot afford to stall their efforts.

U.S. Bancorp in Minneapolis has promoted Beth McDonnell to chief marketing officer.

U.S. Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.

AgriBank in St. Paul, Minn., is removing "interim" from the title of its chief executive.

Amid shrinking yields, rising delinquencies and repeated warnings from regulators about frothy market conditions, several banks said on earnings calls that they plan to scale back or hold the line on indirect auto lending.

Profits at U.S. Bancorp held steady in the third quarter as the Minneapolis company on Wednesday reported a mix of both higher fees and salary-related costs.