Tag: <span>Don Kuehnast</span>

Businesses Clients (Griff's)

Community Resource Bank logo 
A story on Community Resource Bank was posted to the Strib web site at 9 pm this evening: Bank in Northfield put under Fed scrutiny.

Federal regulators have ordered Community Resource Bank of Northfield, Minn., to strengthen its loan portfolio and ensure that it has adequate capital. The 132-year-old bank, which has $240 million in assets, must improve its loan review process and reduce its delinquent loans that have balances exceeding $500,000. The bank also was told to come up with a plan to "maintain sufficient capital."

Update: 01/27, 6:50 am: 15-page PDF: Written Agreement by and among NORTHFIELD BANCSHARES, INC. Northfield, Minnesota COMMUNITY RESOURCE BANK Northfield, Minnesota and FEDERAL RESERVE BANK OF MINNEAPOLIS Minneapolis, Minnesota