First State Bank of Sauk Centre and Little Falls-based Pine Country Bank have the same owner, Minneapolis-based holding company MidCountry Acquisition.
More from Economy
Twin Cities
MSP Airport ranked best in the U.S.
Minneapolis-St. Paul International Airport won top place for “mega” sized airports in the prestigious J.D. Power survey after losing to Detroit last year.
September 18, 2024
Duluth
MacKenzie Scott gives $9 million to Duluth business nonprofit
The gift to the Entrepreneur Fund is equal to 15% of the nonprofit’s lending portfolio.
September 16, 2024
Business
Millennium Minneapolis Hotel temporarily laying off 87 employees during renovation
Renovation brings layoffs to Millennium Minneapolis Hotel
September 5, 2024
Business
Duluth paper mill plans major expansion, adding 160 jobs
Sofidel is investing up to $250 million to grow the tissue paper mill.
August 23, 2024
Economy
Inflation is low. Prices are still high. What gives?
Higher prices for many goods and services are likely here to stay.
August 23, 2024
Rochester
Huge housing, retail complex in the works for former IBM campus in Rochester
Site could also be used for planned $65 million regional sports complex.
August 22, 2024
Economy
How does Minnesota’s income inequality compare with other states?
Minnesota has the highest median personal income in the Midwest and boasts a relatively narrow gap between the lowest incomes and the median.
August 22, 2024
Economy
Minnesota’s job market continues to cool, thanks to restaurant and wholesale sector slowdowns
The losses for July are statistically insignificant but follow declines in May and June.
August 15, 2024
Business
Ramstad: We are choosing to separate by race in Twin Cities schools
Many schools in the metro area are dominated by students of a single race, just as parents chose.
AuthoredEvan Ramstad
AuthoredEvan RamstadAugust 10, 2024
Business
How working from home can help save you money
One economist argues those who telecommute at least half the time save $6,000 a year.
August 10, 2024
Business
Is Minnesota one of the worst places to retire? By some measures, yes.
Hint: The weather isn’t helping, but it’s not the only factor hurting the state in one ranking that just came out.
August 9, 2024
Business
JPMorgan’s Jamie Dimon aims to grow Minnesota footprint, views stock market ‘like the weather’
Dimon said at a stop in Edina that long-term government policy action affects economies more than interest rate decisions and stock market changes.
August 6, 2024