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SD-based Great Western Bancorp files for initial public offering

August 29, 2014 in Uncategorized

By Soyoung Kim and Mike Stone

NEW YORK — Great Western Bancorp Inc., the U.S. subsidiary of National Australia Bank Ltd, filed with U.S. regulators on Thursday for an initial public offering.

Reuters reported earlier on Thursday that NAB, Aus…continue reading on mitchellrepublic.com

South Dakotans eligible for part of bad mortgage settlement

June 18, 2014 in Uncategorized

PIERRE (AP) — More than 100 South Dakota borrowers will be eligible to receive a small portion of a nearly $1 billion settlement that a Virginia-based company has agreed to with the federal government in order to resolve allegations that it provide…continue reading on mitchellrepublic.com

South Dakotans eligible for part of bad mortgage settlement

June 18, 2014 in Uncategorized

PIERRE (AP) — More than 100 South Dakota borrowers will be eligible to receive a small portion of a nearly $1 billion settlement that a Virginia-based company has agreed to with the federal government in order to resolve allegations that it provide…continue reading on mitchellrepublic.com

Bank of N.D. posts $94M profit for 10th straight record year

April 21, 2014 in Uncategorized

BISMARCK – The Bank of North Dakota posted its 10th consecutive year of record profits in 2013, finishing the year with $94.2 million in net income.

The state-owned bank saw a 15 percent increase over the $81.6 million in profits in 2012.

Las…continue reading on thedickinsonpress.com

When jobs fall short, REDI loan recipients face financial penalty

April 8, 2014 in Uncategorized

PIERRE — The state Board of Economic Development adopted a new policy Tuesday for businesses that receive low-interest state loans for projects but don’t fulfill their job-creation agreements.

The board now will require that a business pay b…continue reading on mitchellrepublic.com

Banking on growth: Trend of fewer small banks continues across the country

March 21, 2014 in Uncategorized

GRAND FORKS — A mix of increased competition and regulations are contributing to a decades-long trend of fewer small banks across the country.
That trend was exemplified by Choice Financial Group’s recent acquisition of Great Plains National Ban…continue reading on thedickinsonpress.com

Banking on growth: Trend of fewer small banks continues across the country

March 21, 2014 in Uncategorized

By John Hageman
Forum News Service
GRAND FORKS — A mix of increased competition and regulations are contributing to a decades-long trend of fewer small banks across the country.
That trend was exemplified by Choice Financial Group’s recent acq…continue reading on thedickinsonpress.com

Banking on growth: Trend of fewer small banks continues across the country

March 21, 2014 in Uncategorized

By John Hageman
Forum News Service
GRAND FORKS — A mix of increased competition and regulations are contributing to a decades-long trend of fewer small banks across the country.
That trend was exemplified by Choice Financial Group’s recent acq…continue reading on thedickinsonpress.com

Plan to unwind Fannie, Freddie pits taxpayers vs. shareholders

March 14, 2014 in Uncategorized

By Dina Elboghdady

WASHINGTON — The newest Senate plan to dismantle Fannie Mae and Freddie Mac omits at least one major detail: What happens to the private investors who scooped up the mortgage companies’ shares in hopes of getting a portion o…continue reading on mitchellrepublic.com

Plan to unwind Fannie, Freddie pits taxpayers vs. shareholders

March 14, 2014 in Uncategorized

By Dina Elboghdady

WASHINGTON — The newest Senate plan to dismantle Fannie Mae and Freddie Mac omits at least one major detail: What happens to the private investors who scooped up the mortgage companies’ shares in hopes of getting a portion o…continue reading on mitchellrepublic.com