The man behind so many of those failed bank acquisitions is the same person who runs one of the most profitable banks in the country. Norman C. Skalicky, 78, is owner and chief executive officer of Stearns Financial Services, Inc., in St. Cloud, Minn. Since autumn 2008, his organization has acquired through the FDIC nine failed banks with $1.4 billion in assets and $1.5 billion in deposits. Selling some of the loans and integrating the rest into his current operations, his lead bank – Stearns Bank National Association – is reporting eye-popping earnings. Through three quarters of 2012, the . . .
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