Goss: Fed to trim $5 trillion from balance sheet
Creighton University Professor Ernie Goss expects the Federal Reserve will steadily trim nearly $5 trillion from its balance sheet. [Continue]
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The allure of convenience
In my neighborhood, trucks and vans from UPS, FedEx, Amazon, the United States Postal Service, and various grocers rumble past my door with increasing frequency. My husband and I had originally selected our townhouse community because it was set apart from highly-trafficked roads. It was secluded and quiet. These days, I feel like my home has been plopped into the middle of Richard Scarry’s “Busytown.” [Continue]
Merchants Financial sees record profits
Winona, Minn.-based Merchants Financial Group, Inc., approved a 3-for-1 stock split on April 14 after the $2.8 billion company announced record 2021 profits. [Continue]
Retired FBI agent: Vigilance crucial in curbing cybercrime
The vast majority of cyberattacks can easily be prevented by bank employees and customers adopting more stringent security measures, said retired FBI Special Agent Scott Augenbaum. [Continue]
Small business optimism falls again in March
Small business optimism fell again in March as owners expressed growing alarm over inflation, according to a National Federation of Independent Businesses index. [Continue]
First Business Bank names McCarty VP
Madison, Wis.-based First Business Bank hired Chris McCarty as vice president-asset-based lending. McCarty has more than 15 years of experience in accounting and credit analysis. He worked with First Business Bank in 2019, and at Renasant Bank in the Greater Memphis area. He has a bachelor’s degree in accounting from Mississippi State University, and serves … Read more
Congressman highlights 504 loan program
Third District U.S. Rep. Dean Phillips (DFL-Minn.) visited Primrose School of West Plymouth, Minn., on April 13 to mark the record use of the Small Business Administration’s 504 Loan Program in 2021. [Continue]
First State Bank to open new downtown headquarters
New London, Wis.-based First State Bank will open a new downtown headquarters next year. The bank announced the pending work on April 12 during a joint news conference with officials from the city’s library, museum, and other municipal leaders. The office is expected to be near the bank’s current drive-up facility, to the green space … Read more
Celebration of life planned for prominent Minnesota banker
A celebration of life for prominent Minnesota banker Constance Bakken is scheduled for April 18. [Continue]
Bremer Bank hires seasoned banker as SVP
St. Paul, Minn.-based Bremer Bank hired Jim Mulrooney as senior vice president and director of commercial banking. Mulrooney comes to the bank from Wells Fargo, where he served in senior leadership positions, most recently as SVP of commercial banking. His hire comes as Bremer’s Twin Cities region president, Jerry McGraw, retires at the end of … Read more