The RiverBank
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The RiverBank
The RiverBank was a bank offering banking, insurance and investment services. On October 7, 2011 the Minnesota Department of Commerce shut down The RiverBank and subsequently the FDIC was named Receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Central Bank, Stillwater, Minnesota, to assume all of the deposits of The RiverBank. History In 1894, Charles Oakey made a decision that Osceola needed to have a bank. Mr. Oakey planned the organization of a private bank and opened for business in the "Filzen Building," now known as "P.Y.'s." Charles' nephew, Harry Harding, joined him as a cashier and they managed The Bank of Osceola for the next four decades. In 1903, the bank became a state bank and corporation. The demand for financial services increased to the point where another bank appeared practical, so Jean A. Sleeper seized the opportunity, organized a new bank and built a brick building for it across the street from The Bank of Osc ...
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RiverBank
Riverbank or river bank may refer to: * Bank (geography), the bank of a river Places * Riverbank, California *Riverbank, former name of Bryte, California Enterprises and organizations *Riverbank Academy, a special school in Coventry, England *Riverbank Arts Centre, Newbridge, County Kildare, Ireland *Riverbank West, luxury high-rise apartment building at 560 West 43rd Street in Hell's Kitchen, Manhattan *Riverbanks Zoo, a zoo in South Carolina *The RiverBank, 1920–2011, a Wisconsin bank offering banking, insurance and investment services Music * "River Bank" (Jamaican song), a 1964 song by Byron Lee and the Dragonaires (adapted as a 1978 single by Headley Bennett) * "River Bank" (Brad Paisley song), a 2014 single by Brad Paisley *"Riverbank" a 2016 song by Bolier feat. Mingue *"The Riverbank", a song by Paul Simon from his album ''Stranger to Stranger'' See also * * Creekside (other) * Riverside (other) * River (other) A river is a flowing body ...
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Cashier
A retail cashier or simply a cashier is a person who handles the cash register at various locations such as the point of sale in a retail store. The most common use of the title is in the retail industry, but this job title is also used in the context of accountancy for the person responsible for receiving and disbursing money or within branch banking in the United Kingdom for the job known in the United States as a bank teller. Retail In a shop, a cashier (or checkout operator) is a person who scans the goods through a cash register that the customer wishes to purchase at the retail store. In most modern shops, the items are scanned by a barcode positioned on the item with the use of a laser scanner. After all of the goods have been scanned, the cashier then collects the payment (in cash, check and/or by credit/debit card) for the goods or services exchanged, records the amount received, makes change, and issues receipts or tickets to customers. Cashiers will record amounts r ...
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Banks Established In 1903
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Based In Wisconsin
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Wyoming, Minnesota
Wyoming is a city in Chisago County, Minnesota, Chisago County, Minnesota. The population was 7,791 at the time of the 2010 United States Census, 2010 census. History Wyoming was platted in 1869 when the St. Paul and Duluth Railroad was extended to that point. The city took its name from Wyoming Township, Chisago County, Minnesota, Wyoming Township. Wyoming served as the drop-off point for a Depression Era, Depression era kidnapping. In June 1933, William Hamm of Hamm's Brewery was released by his captors, the Barker–Karpis gang, following a collection of a $100,000 ransom payment ($1.825 mil. in 2015 dollars). Geography According to the United States Census Bureau, the city has a total area of , of which is land and is water. Wyoming is located along the South Branch of the Sunrise River. Interstate 35 in Minnesota, Interstate 35 serves as a main route for the community. Demographics 2010 census As of the census of 2010, there were 7,791 people, 2,738 households, and 2,1 ...
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Chisago Lake Township, Minnesota
Chisago Lake Township is a township in Chisago County, Minnesota, United States. The population was 4,656 at the 2010 census, up from 3,276 in 2000. History Chisago Lake Township was organized in 1858. It took its name from nearby Chisago Lake. Geography The township is located in southern Chisago County, between Lent Township and Chisago City to the west, Shafer Township and Franconia Township to the east, Sunrise Township and Amador Township to the north, and the city of Scandia in Washington County to the south. The cities of Lindstrom and Center City are near the center of the township but administratively separate. U.S. Highway 8 crosses the township, leading east to St. Croix Falls, Wisconsin, and southwest to Forest Lake. According to the United States Census Bureau, the township has a total area of , of which is land and , or 17.73%, is water. There are more than 20 lakes in the township, the largest of which are Sunrise Lake, North and South Center Lakes ...
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Somerset, Wisconsin
Somerset is a village in St. Croix County, Wisconsin, along the Apple River. The population was 2,635 at the 2010 census. The village is located within the Town of Somerset. History Somerset was named by General Samuel Harriman after his father's home of Somerset, England. Somerset has a lengthy and colorful history. Before the turn of the century Somerset was bordered on the south by cranberry bogs. The terrain naturally lent itself to the production of cranberries as a result of the hilliness of the area, which is dotted with ponds, sloughs, swamps and bogs. These wet areas became of greater interest to the local population during Prohibition. These same low spots where water collected became ideal for collecting water for the production of moonshine (homemade alcoholic beverages). Indeed, Somerset already had a history of being a rough logging town, and it was only a natural progression to become the supplier of bootlegged alcohol to the twin cities of Saint Paul and Minnea ...
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North Hudson, Wisconsin
North Hudson is a village in St. Croix County, Wisconsin, United States. The population was 3,768 at the 2010 census. Geography According to the United States Census Bureau, the village has a total area of , of which, of it is land and is water. Wisconsin Highway 35 serves as a main route in the community. North Hudson is located at (44.995367, -92.754966). Less specifically, it is immediately north of the city of Hudson. Demographics As of 2000 the median income for a household in the village was $60,848, and the median income for a family was $70,938. Males had a median income of $46,970 versus $30,313 for females. The per capita income for the village was $26,540. About 1.3% of families and 1.8% of the population were below the poverty line, including 1.9% of those under age 18 and 5.7% of those age 65 or over. 2010 census As of the census of 2010, there were 3,768 people, 1,471 households, and 1,048 families residing in the village. The population density was . There w ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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Stock Market Crash
A stock market crash is a sudden dramatic decline of stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ... prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles. A stock market crash is a social phenomenon where external economic events combine with crowd psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions: a prolonged period of rising stock prices (a Market trend#Market terminology, bull market) and excessive economic optimism, a market where price–earnings ratios exce ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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