Blogs

Consumers are demanding streamlined, hassle-free payment solutions both online and in person. As consumers increasingly pay less with cash, businesses are turning to an increasing mix of emerging payment solutions to maintain growth. For the most part, consumer preferences are shifting toward mobile and digital payment options. Businesses are responding by investing in ways to improve their payment solutions to accommodate mobile, online and point-of-sale channels. The mix of emerging payments depends on the industry and local markets. But the general trends shown in the most recent survey by...

Quarterly Market Review: Q3 2021 By: Paul Dickson, Director of Research and Mark Stevens, Chief Investment Officer Once More Unto The Brink! The quarter saw many worrisome headlines that could have caused significant consternation for market participants and did lead to some volatility and weakness towards the end of the quarter. Overall, however, the general stability of the markets was a testament to their fortitude. The US -- and Global -- Economy was on the brink of an extraordinary recovery until the Delta Variant of the Covid-19 Virus intervened. An ongoing survey of market economists...

Nobody likes to find an item or brand they want is out of stock, but as any retailer knows, it’s happening more frequently. And, it’s becoming more clear that businesses will likely face supply chain constrictions for some time. Shipping delays and cost increases are expected to continue. In September, four records were set in three weeks for the number of cargo ships waiting to unload off the California coast. Some analysts suggest that supply chains will be tight well into 2022 and maybe even beyond. Shipping delays and cost increases are expected to continue. In September, four records were...

New location allows Minnesota Bank & Trust to better serve East Metro customers September 20, 2021 — Minnesota Bank & Trust is opening a new office in the St. Anthony/Midway neighborhood of St. Paul on September 27. According to Steve Bishop, Minnesota Bank & Trust President and CEO, the new office will house a team of bankers that “will allow us to better serve our commercial and small business clients and prospects on the east side of the metro along with the core cities of Minneapolis and St. Paul.” “This office will be led by two seasoned commercial bankers, Heath Stanton and Eric Britt...

Even as Covid-19 infections caused by the delta variant continue to rise in some areas of the country, economic activity continues to increase. Consumer spending rose at an annualized rate of 11.8 percent in the second quarter, according to the U.S. Bureau of Economic Analysis. Payroll employment increased by 943,000 in July, according to the U.S. Bureau of Labor Statistics, above expectations. The best news is that spending increases were led by food services and hospitality, some of the mainstays of local economies. Commercial enterprises are now seeking ways to grow as the economy expands...