Chronicles

Minnesota Department of Commerce rejects CU-bank merger

The Minnesota Bankers Association says the Minnesota Department of Commerce’s rejection of a proposed merger between Royal Credit Union and Lake Area Bank provides needed clarity on the legality of such transactions within the state.  In rejecting the proposal for the Eau Claire, Wis.-based credit union to purchase the Lindstrom-based bank, the Department of Commerce … Read more

Denver bank holding company buying Wyoming bank

Denver-based National Bank Holdings Corp. is acquiring the Wyoming-based Bancshares of Jackson Hole, Inc., in a $230 million deal.  The merger is expected to close later this year. National Bank Holdings Corp., holding company of NBH Bank, will have $8.8 billion in assets and $7.7 billion in deposits following the merger. National Bank Holdings Corp. … Read more