Friday, October 5, 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’s , based in Minneapolis, had the most income for the $624.4 million. , based in Wayzata, was seconc with $30 million in income for the ( has a large presencde here, but is headquartered in San Francisco andso isn’ t on the list.) While U.S. Bank and TCF are the perennia l top-dogs of the Twin Cities banking scene, a more interesting dynami shapes up further down the list of the metro area’s strongest banks. KleinBank, based in Chaska, and , base in St. Paul, are in a class of theie own as $1 billion-plus community banks. Bremerd had $6.2 million in income, while KleinBank had $1.8 million for the firsg quarter.
The two often play leap-frog on the list of the most profitable banks. In the fourth quarter of 2008, KleinBank had $4.9 million 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 performer throughout the pastdifficuly year. Its income has been above $2 millio n every quarter for the pastfour

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