ST. PAUL (KVRR) — St. Paul-based Bremer Financial Corporation is merging with Old National Bancorp in a deal worth $1.4 billion in cash and stocks. Old National is on track to become the third-largest bank in the Twin Cities. The deal includes 70 banking centers in Minnesota, North Dakota and Wisconsin with a combined $70 billion in assets. Under the…
FARGO, ND. (KVRR) — Informational meetings will be held this week as West Central Ag Services moves forward on a merger with CHS. West Central is a northwestern Minnesota cooperative while CHS is a diversified global agribusiness co-op owned by farmers and member cooperatives across the country. A vote on a revised proposal from CHS worth $225 million will take…
FARGO, N.D. (KVRR) — YMCA of Cass and Clay Counties and Fergus Falls Area Family YMCA are merging. The merger announcement was made after a unanimous vote from both board of directors. YMCA leaders say the decision reflects a shared commitment to enhancing the YMCA experience throughout the region. Fergus Falls Area Family YMCA has operated under a management agreement…
FARGO, N.D. (KVRR)- Two local credit unions plan to merge at the end of this year. United Savings Credit Union and Freedom Community Credit Union plan to merge in December. This plan has been in action for awhile, but they are still waiting on approval from the state. This merger is expected to help members of both credit unions, as…
FARGO, N.D. (KVRR) — An update involving the sale of this television station, KVRR-TV, and our sister station in Duluth, KQDS-TV, both affiliates of FOX. The Federal Communications Commission failed to act on a waiver allowing Forum Communications to own two affiliates in the Fargo television market. The company already owns ABC affiliate WDAY, along with The Forum newspaper. That…
Fmr. Gov. Mark Dayton (D-MN) & Fmr. Gov. Tim Pawlenty (R-MN)ST. PAUL (KVRR) — Two former Minnesota governors join forces and speak out against South Dakota-based Sanford Health getting control of the University of Minnesota Medical School in the Fairview Health merger. Democrat Mark Dayton and Republican Tim Pawlenty voiced their concerns in front of the Senate Committee on Health…
ST. PAUL — CEOs of Sanford Health and Fairview Health Services say they will not delay their merger despite requests from lawmakers, Minnesota’s attorney general and the University of Minnesota. Lawmakers called the two CEOs to the state capitol and they got grilled by Democrats at a joint House Commerce and Health Finance and Policy committees hearing. U of M…
ST. PAUL (KVRR) — Minnesota Attorney General Keith Ellison is looking to hear from the general public on the proposed merger of Fairview Health Services and Sanford Health. His office has set up a dedicated form on the Attorney General’s website for people to leave comments about the merger. You’ll also find phone numbers you can call. A series of…
ST. PAUL — Minnesota Attorney General’s Office has “opened an investigation” of whether the proposed merger of Minnesota-based Fairview Health Services with South Dakota-based Sanford Health complies with charity and nonprofit laws or would have “any possible effects on competition.” The planned merger is also seeing scrutiny at the Minnesota Legislature. Democratic Representative John Huot from Rosemount said access for…
SIOUX FALLS, S.D. (KFGO) — Sanford Health and Twin Cities-headquartered Fairview Health Services have signed a non-binding letter of intent to combine and create a new health system. A joint statement says the combined system would bring together Sanford’s rural population hospitals and clinics with Fairview’s experience in serving urban populations and would be uniquely positioned to provide more people…
