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First Bank System
First Bank System was a Minneapolis, Minnesota-based regional bank holding company that operated from 1864 to 1997. What was once First Bank forms the core of today's U.S. Bancorp; First Bank merged with the old U.S. Bancorp in 1997 and took the U.S. Bancorp name. History First Bank's earliest direct corporate ancestor, First National Bank of Minneapolis, was founded in 1864 and received its charter in 1865. That bank, in turn, grew out of private banking house Sidel, Wolford and Co. On August 23, 1929, First National of Minneapolis merged with First National Bank of St. Paul (founded in 1864 out of private banking house Parker, Paine and Co.) to form the First Bank Stock Corporation. The two banks jointly acquired the stock in 32 other banks in Minnesota, North and South Dakota and Montana.Alternate Link
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Bank Holding Company
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United States In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956 ( '' et seq.''), is broadly defined as "any company that has control over a bank". All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System. Regulation The Federal Reserve Board of Governors, under Regulation Y () has responsibility for regulating and supervising bank holding company activities, such as establishing capital standards, approving mergers and acquisitions and inspecting the operations of such companies. This authority applies even though a bank owned by a holding company may be under the primary supervision of the Office of the Comptroller of the Currency or the ...
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ProQuest
ProQuest LLC is an Ann Arbor, Michigan-based global information-content and technology company, founded in 1938 as University Microfilms by Eugene B. Power. ProQuest is known for its applications and information services for libraries, providing access to dissertations, theses, ebooks, newspapers, periodicals, historical collections, governmental archives, cultural archives,"Jisc and ProQuest Enable Access to Essential Digital Content"
retrieved May 21, 2014
and other aggregated databases. This content was estimated to be around 125 billion digital pages, ...
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Omaha World-Herald
The ''Omaha World-Herald'' is a daily newspaper in the midwestern United States, the primary newspaper of the Omaha-Council Bluffs metropolitan area. It was locally owned from its founding in 1885 until 2020, when it was sold to the newspaper chain Lee Enterprises by its most recent local owner, Warren Buffett, chairman of Omaha-based Berkshire Hathaway. For more than a century it circulated daily throughout the entirety of Nebraska — a state that is 430 miles long. It also circulated daily throughout the entirety of Iowa, as well as in parts of Kansas, South Dakota, Missouri, Colorado and Wyoming. It retrenched during the financial crisis of 2008, ending far-flung circulation and restricting daily delivery to an area in Nebraska and Iowa within an approximately 100-mile radius of Omaha. Background The newspaper was the world's last to print both daily morning and afternoon editions, a practice it ended in March 2016. The World-Herald was the largest employee-owned newspaper ...
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Mankato, Minnesota
Mankato ( ) is a city in Blue Earth County, Minnesota, Blue Earth, Nicollet County, Minnesota, Nicollet, and Le Sueur County, Minnesota, Le Sueur counties in the state of Minnesota. The population was 44,488 according to the 2020 United States census, 2020 census, making it the List of cities in Minnesota, 21st-largest city in Minnesota, and the 5th-largest outside of the Minneapolis–Saint Paul metropolitan area. It is along a large bend of the Minnesota River at its confluence with the Blue Earth River. Mankato is across the Minnesota River from North Mankato, Minnesota, North Mankato. Mankato and North Mankato have a combined population of 58,763 according to the 2020 census. It completely encompasses the town of Skyline, Minnesota, Skyline. North of Mankato Regional Airport, a tiny non-contiguous part of the city lies within Le Sueur County. Most of the city is in Blue Earth County. Mankato is the larger of the two principal cities of the Mankato-North Mankato metropolitan ...
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Marquette Bank Minneapolis
Marquette Bank Minneapolis, formerly named the Marquette National Bank, was a bank in Minneapolis, Minnesota. It was party to '' Marquette National Bank of Minneapolis v. First of Omaha Service Corp.'', an important decision by the Supreme Court of the United States which regulated the banking industry. History Originally named the Marquette National Bank, it was chartered in 1920 and was named for Marquette Avenue, the financial center of Minneapolis, Minnesota. The bank was eventually acquired by Carl Pohlad and had $350 million in assets in 1982 when it acquired the failing Farmers and Mechanics Savings Bank of Minneapolis (F&M) and had nearly $1 billion of assets prior to sale which was arranged by the Federal Deposit Insurance Corporation. After the acquisition, the name was changed to Marquette Bank Minneapolis and it had the fourth most assets in the state. The bank was owned by the Bank Shares, Inc. holding company which was controlled by the Pohlad family and which ...
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Carl Pohlad
Carl Ray Pohlad (August 23, 1915 – January 5, 2009) was an American financier from Minnesota. Pohlad is best known as the owner of the Minnesota Twins baseball franchise from 1984 (succeeding Calvin Griffith) until his death in 2009. In 2009, Pohlad had an estimated net worth of $3.6 billion, placing him 102nd on the annual Forbes 400 list of the wealthiest Americans. Early life and education Carl Pohlad was born on August 23, 1915, in Valley Junction, Iowa, to poor parents of Slovak descent, Mary M. (Sodak) and Michael Pohlad. He grew up in West Des Moines, Iowa and graduated from Valley High School in West Des Moines in 1934. He attended and played football for Compton Junior College in Southern California for a short time. Bing Crosby saw him play football and recruited him to play for his alma mater, Gonzaga University in Washington. Pohlad attended Gonzaga but dropped out after the football season of his senior year. Pohlad was drafted in World War II and served fr ...
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Anoka, Minnesota
Anoka ( ) is a city in and the county seat of Anoka County, Minnesota, United States. Its population was 17,142 at the 2010 census. Anoka is the " Halloween Capital of the World" because it hosted one of the first Halloween parades in 1920. It continues to celebrate the holiday each year with several parades. Anoka is a northern suburb of the Twin Cities. U.S. Highways 10 / 169 and State Highway 47 are three of Anoka's main routes, and it has a station on the Northstar Commuter Rail line to Minneapolis. History Colonizers first settled the site that is now Anoka in 1844. By the mid-1850s Anoka had a school, a store and a flour mill. In 1856, C. C. Andrews called it a "large and handsome village" and noted that pine logs were floated down the Rum River to sawmills there. The city was formally incorporated in 1878. The name ''Anoka'' was derived from two Indian words. The native Dakota used A-NO-KA-TAN-HAN, meaning "on both sides", or "from both sides", referring to its loca ...
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Minneapolis Star-Tribune
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. , the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul and the surrounding area are collectively known as the Twin Cities. Minneapolis has one of the most extensive public park ...
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First Bank Place
Capella Tower (also 225 South Sixth) is an office skyscraper in Minneapolis, Minnesota, United States. The building opened in 1992 as First Bank Place, replacing One Financial Plaza as the headquarters for First Bank System. In 1997, First Bank System acquired US Bancorp and changed the name of the building to US Bancorp Place. The headquarters of US Bancorp moved into the US Bancorp Center in 2000, whereupon the tower changed to 225 South 6th Street. In March 2009, the building took its present name. The ranking of the building as the tallest in Minneapolis is in dispute. The IDS Center is usually said to be taller by one foot, even by the owners of Capella Tower. It was initially said to be built one foot shorter out of respect for the IDS Center; however, in 2005, it was revealed that contractors had surreptitiously added of height to Capella, therefore making it taller than the main roof of IDS Center. In February 2005, the IDS counted a window washing garage built on its ...
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Bank Holding Company Act Of 1956
The Bank Holding Company Act of 1956 (, ''et seq.'') is a United States Act of Congress that regulates the actions of bank holding companies. The original law (subsequently amended), specified that the Federal Reserve Board of Governors must approve the establishment of a bank holding company and that bank holding companies headquartered in one state are banned from acquiring a bank in another state. The law was implemented, in part, to regulate and control banks that had formed bank holding companies to own both banking and non-banking businesses. The law generally prohibited a bank holding company from engaging in most non-banking activities or acquiring voting securities of certain companies that are not banks. The interstate restrictions of the Bank Holding Company act were repealed by the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (IBBEA). The IBBEA allowed interstate mergers between "adequately capitalized and managed banks, subject to concentratio ...
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New York Herald Tribune
The ''New York Herald Tribune'' was a newspaper published between 1924 and 1966. It was created in 1924 when Ogden Mills Reid of the ''New-York Tribune'' acquired the ''New York Herald''. It was regarded as a "writer's newspaper" and competed with ''The New York Times'' in the daily morning market. The paper won twelve Pulitzer Prizes during its lifetime. A "Republican paper, a Protestant paper and a paper more representative of the suburbs than the ethnic mix of the city", according to one later reporter, the ''Tribune'' generally did not match the comprehensiveness of ''The New York Times'' coverage. Its national, international and business coverage, however, was generally viewed as among the best in the industry, as was its overall style. At one time or another, the paper's writers included Dorothy Thompson, Red Smith, Roger Kahn, Richard Watts Jr., Homer Bigart, Walter Kerr, Walter Lippmann, St. Clair McKelway, Judith Crist, Dick Schaap, Tom Wolfe, John Steinbeck, and J ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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