CorTrust Bank Continues Growth in Minnesota

Sioux Falls, SD, May 28, 2019 – CorTrust Bank, N.A. plans to continue growth in Minnesota through the acquisition of First Minnesota Bank, pending regulatory approval and other closing requirements. Oak Ridge Financial acted as the exclusive financial advisor to First Minnesota Bank for the acquisition, which will grow the CorTrust Bank footprint in the […]

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Fraudulent Instruction

One increasing claim trend we’ve seen at Travelers among financial institutions is a form of social engineering referred to as fraudulent instructions. In a bank’s case, fraudulent instruction occurs when an employee is tricked into transferring money from a customer’s account to somewhere else because a fraudster steals the customer’s identity and convinces the bank […]

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