Tuesday, May 1, 2012

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’d largest: , based in Minneapolis, had the most incomd for the quarter, $624.4 million. , bases in Wayzata, was second with $30 milliojn in income for the ( has a large presence here, but is headquartered in San Franciscok andso isn’t on the list.) Whilr U.S. Bank and TCF are the perennial top-dogzs of the Twin Citie banking scene, a more interesting dynamicc shapes up further down the list of themetro area’z strongest banks. KleinBank, based in Chaska, and , baseed in St. Paul, are in a class of their own as $1 billion-pluas community banks. Bremer had $6.2 million in while KleinBank had $1.8 million for the first quarter.
The two often play leap-frog on the list of the most profitable banks. In the fourth quarted of 2008, KleinBank had $4.9 millio n in income, while Bremer had $1.2 million. , based in had $2.9 million in income on assets of $416 Vermillion has been a strong performere throughout the past difficult Its income has beenabove $2 milliomn every quarter for the past four

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