Lending slips 1 percent at local banks
Lending by Twin Cities community banks slipped in the first quarter, with total loan volume dropping 1.1 percent, to $14.6 billion, according to a Finance & Commerce review of Federal Deposit...
View ArticleBank earnings rose this winter to 5-year high
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
View ArticleProposed capital rules could challenge community banks
Proposed changes in the amount of capital that banks must maintain shouldn’t pose a near-term problem for Minnesota community banks. But the proposed rules from regulators add to a succession of...
View ArticleStearns Bank makes another Georgia buy
St. Cloud-based Stearns Bank has acquired eight FDIC-closed community banks since the start of the financial meltdown in 2008, buying over $1.3 billion in loans or securities. Six of those buys have...
View ArticleA lot of banks lend a little more
In the second quarter Twin Cities community banks reversed the lending slide that marked the first quarter of 2012 – but only barely.
View ArticleBank buy question: Will it make more loans?
Shorewood-based McLeod Bancshares will convert First Regents Bank in Andover to its First Minnesota Bank franchise after a Friday FDIC-assisted takeover.
View ArticleFDIC: State bank conditions improve
Minnesota-chartered banks continued to get a little safer, a little more profitable and a little stronger in late 2012, according to the quarterly State Banking Profiles published by the Federal...
View ArticleTwin Cities bank execs say they’re primed to lend
Twin Cities community banks had fewer loans on the books in early 2013 than they did in the final months of 2012, according to a Finance & Commerce analysis of FDIC reports.
View ArticleJPMorgan deal said to hit snag over FDIC fund
The Justice Department is opposing JPMorgan’s request that the FDIC assume liability for investors’ losses stemming from Washington Mutual Inc.
View ArticleMN Snapshot: Anchor Bank makes a stretch to Mankato
The Mankato market wasn’t a target on the company’s map before the acquisition of Voyager Bank, but has become a source of opportunity.
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