St. Paul, Minn.-based Bremer Bank’s 16 employee-shareholders filed a complaint against the three trustees of the Otto Bremer Trust, who, as majority shareholders of Bremer Financial Corp., the bank’s holding company, have proposed to sell the bank, and were met with stark opposition in late October. [Continue]
The Independent Community Bankers of Minnesota is supporting an innovation program by a health insurer that will deposit millions of dollars into local community banks. [Continue]
First Women’s Bank, Chicago, the proposed women-led de novo bank, appointed its CFO and chief risk officer and received its permit to organize. [Continue]
Port Washington State Bank is acquiring the Port Harbor Center adjacent to its downtown headquarters in Port Washington, Wis. [Continue]
Woodland Bank, Grand Rapids, Minn., is celebrating its centennial anniversary in business with events sprinkled throughout the 2020 calendar year. [Continue]
A December 2019 report found that the economy in the central U.S. is continuing to expand, though the pace of growth has slowed. [Continue]
InBank has opened a loan production office in the north Denver area. The new location at 7100 Broadway expand its reach along the U.S. 36 corridor. [Continue]
TCF Financial Corp., Detroit, exited the Arizona market when it sold seven branches in Phoenix to Alaska USA Federal Credit Union. [Continue]
Federal Reserve Bank of St. Louis President James Bullard discussed a possibe “soft landing” for the economy following the GDP growth of previous years. [Continue]
Federal Reserve governor Lael Brainard urged careful consideration of the Community Reinvestment Act proposal put forth by the FDIC and the OCC. [Continue]