-
The bill would require written contract amendments, signed by the lender, for most loans. Legislators took up the issue after a judge in the state sided with a borrower's claim of having an oral agreement from Bank of America to modify a mortgage.
April 1 -
Regulators on Friday closed Northern Star Bank in Mankato, Minn., the 18th institution to fail this year.
December 19 -
Home Federal Savings Bank in Rochester, Minn., has been freed from a supervisory agreement with the Office of the Comptroller of the Currency.
February 18
HMN Financial in Rochester, Minn., has agreed to buy certain assets and liabilities of Kasson State Bank.
HMN, the parent of the $576 million-asset Home Federal Bank, said in a press release Friday that the deal will include Kasson State's two branches. The price was not disclosed for the deal, which is expected to close in the third quarter.
"We are excited to expand our banking operations into the Kasson community as it is a natural extension of our existing banking locations," Brad Krehbiel, HMN's president, said in the release.