Trend of fewer small banks continues across the country
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 Bank, based in Belfield, N.D. That was followed by Alerus Financial’s announcement that it was acquiring Twin Cities-based Private Bank Minnesota.
Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.
You will need your subscription account number and phone number. Not sure if you have an account? Email us or call (701) 780-1100 and we can help you.