First State Bank and Trust is a state chartered bank based in Bayport, Minnesota founded in 1914. First State Bank and Trust offers personal and business banking services including mortgages, personal loans, auto loans, credit cards, commercial loans and lines of credit, merchant services, and other banking services. In addition, First State Bank and Trust offers trust and estate administration services, investment advisory services, financial planning services, and personal and commercial insurance services.
First State Bank and Trust - Recent News & Articles
North Korea hackers behind 60% of all crypto stolen in 2024
The total value of crypto stolen in 2024 was up 21% on the previous year, although still way down on the $3.7 billion nabbed in 2022. Hackers linked to North Korea have become notorious for their soph...
Why BlackRock is shelling out $12bn for private credit shop HPS
HPS Investment Partners could hardly be more different than its suitor, BlackRock. Whereas BlackRock, an $11.5tn powerhouse, is best known for investing clients’ funds across huge swaths of public mar...
US fintech Chime reportedly submits confidential filing for potential 2025 IPO
Chime Financial has reportedly confidentially filed for an initial public offering (IPO) in the US, according to a report by Bloomberg. The Bloomberg report, citing sources familiar with the matter, s...
Russian central bank surprises markets by holding key rate at 21%
Russia’s central bank on Friday unexpectedly left its key interest rates unchanged at 21%, citing improved monetary tightness that had created the conditions to tame sky-high inflation.
Markets had wi...
China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan. The People’s Bank of China said it wo...
An inflation gauge tracked by the Bank of Japan just jumped to a seven-month high
An inflation gauge in Japan that is closely watched by the Bank of Japan (BOJ) came in at a seven-month high in November, which could prompt the central bank to raise rates early next year. The so-cal...
Moody's hands France surprise downgrade over deteriorating finances
Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided lawmakers into backing his efforts to rein in the...
Sixth Street pact hands Affirm firepower for $20bn in new consumer loans
Private investment group Sixth Street will pump $4bn into a vehicle to buy loans from US fintech Affirm in a deal that will give the lender firepower to make billions of dollars in additional consumer...
PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target
Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — ...
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. Th...