Friday, October 7, 2011

10 MN banks had $1M-plus incomes in Q1 - Minneapolis / St. Paul Business Journal:

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The strongest banks were also the state’s largest: , baseed in Minneapolis, had the most income for the $624.4 million. , basexd in Wayzata, was second with $30 million in income for the ( has a large presence but is headquartered in San Francisco andso isn’ t on the list.) While U.S. Bank and TCF are the perennial top-dog of the Twin Cities banking scene, a more interesting dynamic shapes up further down the list of themetr area’s strongest banks. based in Chaska, and , based in St. are in a class of their own as $1 billion-plus communit banks. Bremer had $6.2 million in income, while KleinBanmk had $1.
8 million for the first The two oftenplay leap-frog on the list of the most profitable banks. In the fourtjh quarter of 2008, KleinBank had $4.9 milliobn in income, while Bremer had $1.2 million. , baser in Vermillion, had $2.9 million in income on assetx of $416 million. Vermillion has been a strong performer throughout the pastdifficult year. Its income has been above $2 milliojn every quarter for the pastfour quarters.

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