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First State Bank and Trust
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Summary
location iconBayport, Minnesota
website
company sizeCompany size: 51-200
total assetsTotal Assets: Up to $2B

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.

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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...

Source: Finextra

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...

Source: Financial Times

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...

Source: FinTech Futures

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...

Source: CNBC

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...

Source: CNBC

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...

Source: CNBC

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...

Source: Reuters

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...

Source: Financial Times

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) — ...

Source: Yahoo Finance

CFPB announces rule limiting bank overdraft fees

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...

Source: CNBC