TruStone buys Kenosha credit union
Plymouth-based TruStone Financial crossed the border this week to add fuel to its expansion plans, buying the assets of AM Community Credit Union, a $121.8 million credit union in Kenosha, Wis.
View ArticleNew regs could curb mortgage, CRE loans
A surprise in the proposed Basel III rules – developed to conform to international guidelines developed in Basel, Switzerland – was that the distinction regulators had long drawn between big national...
View ArticleConstruction lending slowdown? Not in the Twin Cities
Construction and development loan portfolios shrank over the past year at Minnesota and national banks, but several Twin Cities construction lenders say they’re not seeing that trend.
View ArticleLawmaker wants to rewrite Minnesota’s bank regulations
Rep. Joe Atkins, DFL-Inver Grove Heights, wants to rewrite the rules governing banks and credit unions in Minnesota, and he says the aim is to simplify them, not make them harder. But the state’s...
View ArticleBanks, credit unions wary of sales tax plan
Gov. Mark Dayton’s major sales tax initiative aims to add equity and resources to Minnesota’s treasury, but it hasn’t won many friends among banks and credit unions that would end up paying sales tax...
View ArticleTaking sales taxes to the bank
A story by Finance and Commerce’s Mark Anderson illustrates some of the unexpected consequences that may be in store for Minnesota if the state sales tax is expanded to cover services.
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 ArticleFed: Competition pushing down banks’ loan margins (update)
Minnesota- and Twin Cities-based banks are not making as much off their loans, the Federal Reserve Bank of Minneapolis reported Thursday.
View ArticleBanks’ loan growth, profits below historic average
Minnesota’s banking indicators are improving, but subdued demand and tight competition kept loan growth and profits below historic trends in 2013 and likely in 2014.
View ArticleMN’s real estate problem loans still above historic levels
The median rate for Minnesota banks was 1.7 percent for commercial real estate loans noncurrent or delinquent in second quarter 2014.
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