CorTrust Bank Finalizes Acquisition of First Minnesota Bank

CorTrust Bank, N.A. announced today that the previously publicized acquisition of First Minnesota Bank has been finalized.  The acquisition was first announced on May 28th and brings the number of CorTrust Bank locations to 15 in Minnesota, along with 22 locations in eastern South Dakota. CorTrust Bank and First Minnesota Bank share similar core values of personalized […]

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South Dakota’s Afdahl Elected CSBS Chairman

The Conference of State Bank Supervisors (CSBS) announced the election of Bret Afdahl, director of banking in the South Dakota Division of Banking, as the new chairman of the CSBS Board of Directors. The election took place during the organization’s annual membership meeting in San Antonio, Tex., where new officers were also elected for 2019-2020.

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Holzwarth Hired at Bell Bank

Todd Holzwarth has been hired as SVP/correspondent banking business development officer at Bell Bank. In his new position, Holzwarth will source loan participation and bank stock loans in North Dakota and South Dakota.  Originally from Freeman, S.D., Holzwarth earned a master’s degree from the University of South Dakota and has been in the banking/finance field for 23 years. Holzwarth spent […]

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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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Representative Bartels Champions Passing of HB 1050

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Yesterday Governor Noem signed into law HB 1050 which I sponsored at the request of the Independent Community Bankers of South Dakota.  This bill updated our laws on illegally capturing credit card and debit card numbers.  The bill deleted the need to prove intent to defraud and made it a crime to skim or capture […]

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Government Officially Signs House Bill 1050 into Law

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Championed by Representative Bartels, House Bill 1050 passed unanimously and was “unofficially” signed into law on March 7, 2019. This bill makes it a felony to possess skimming and re-encoding devices in the state of South Dakota. It was made official on Tuesday, March 19, 2019.   House Bill 1050 revised the law in two […]

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FIRST PREMIER BANK INVESTS IN THE FUTURE

FOR IMMEDIATE RELEASE: March 14, 2019 Contact: Brenda Bethke First PREMIER Bank Phone: (605) 357-3001 Email: Brenda.Bethke@firstpremier.com FIRST PREMIER BANK INVESTS IN THE FUTURE New Main Office and Corporate Headquarters Will Provide Gateway to Downtown Sioux Falls SIOUX FALLS — First PREMIER Bank has a long tradition of investing in its customers, employees and the […]

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Growing Bank Adds to Board of Directors

Sioux Falls, SD, January 25, 2019 – CorTrust Bank is pleased to announce the selection of three new members to the Board of Directors.  Members joining the Board include J. Kou Vang of West Lakeland MN, McKinzie Hopkins of Saint Louis Park, MN and Troy Olson of Artesian, SD. Mr. Vang is the President and […]

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