BRIEF: Minnwest Bank wins ok for consolidation

Feb. 27--Minnwest Corp. announced Thursday it has received regulatory approval to consolidate its banks and other holdings. The merger will be effective May 23, when Minnesota Bank M.V. -- which includes a branch in St. Cloud -- will join Minnwest Bank's Metro, Central, South, Luverne and Sioux Falls divisions. The combined operations will work under the name Minnwest Bank.

Douglas Karsky, currently president of Minnwest Bank M.V., will be president of the consolidated Minnwest Bank.

Minnwest Corp. is the fifth-largest bank holding company headquartered in Minnesota. It has 24 branches and $1.5 billion in assets. The St. Cloud office is at 3130 Second St. S.

Minnwest Bank was founded in 1987 and Minnwest Corporation is a family-owned banking operation. Minnwest Corporation's financial companies include Minnwest Finance, Minnwest Mortgage Corporation, Minnwest Capital Corporation, Minnwest Insurance Montevideo, Minnwest Investment & Insurance Center, and MinnData.

For more, visit www.minnwestbank.com.

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