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Wells Fargo Taps PPL for Lake/Nicollet Redevelopment


Plans call for more than 200 units of housing.
The branch has been closed after it sustained significant damage during unrest in May 2020.
Burl Gilyard
San Francisco-based Wells Fargo & Co. and Minneapolis-based nonprofit Project in Pride for Living (PPL) have inked a letter of intent to redevelop the heavily damaged bank site near the intersection of Lake Street and Nicollet Avenue in south Minneapolis.
The Wells Fargo bank branch at 3030 Nicollet Avenue sustained heavy damage and was set on fire during the social unrest in May 2020. The bank never reopened. Wells Fargo owns the entire south half of the full city block, a large 2.6-acre site. Wells Fargo issued a request for proposals to developers last fall. ....

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Minnesota Retail Sales Gains Lag U.S. Average | Twin Cities Business


Census Bureau data shows state December sales up 4.4 percent.
Shutterstock
Retail sales in the state of Minnesota were up in December, but lower than the average gain across the U.S. According to the U.S. Census Bureau, Minnesota retail sales were up 4.4 percent year-over-year in December, below the national average of 4.8 percent.
The Census Bureau released its latest Monthly State Retail Sales numbers for December 2020 just last week. But while the Census Bureau numbers offer a flood of data, the agency does not rank states from best to worst for sales gains.
Twin Cities Business waded through the numbers to see where Minnesota ranked. The statistics track all 50 states and the District of Columbia. ....

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Shannon Hillesheim of Bank Midwest listed among Notable Women in Commercial Banking 2021 | News, Sports, Jobs


Mar 15, 2021
NEW ULM Shannon Hillesheim, Senior Vice President of Bank Midwest in New Ulm, has been designated as a Notable Woman in Commercial Banking for 2021 by Twin Cities Business.
“Shannon Hillesheim took the helm at Bank Midwest’s New Ulm location in 2015,” Twin Cities Business noted. “Under her leadership, the location has posted year-over-year asset growth of 31.2 percent. Commercial and agricultural loan portfolios have grown significantly under her watch, as have Bank Midwest’s insurance agency and wealth management businesses. In 2016, she oversaw the bank’s move to a new, larger facility, a $4.6 million project that opened the following year. ....

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