Shane Deal, who has 20 years of community banking experience in Minnesota, has been named deputy commissioner of financial institutions for the state Department of Commerce.
Deal will lead the state's regulatory oversight of state-chartered banks, thrift companies, credit unions, trust companies, finance companies, and mortgage-related licensees.
Deal most recently was senior vice president and market president at Bank Midwest in New Ulm, the state said in a news release.
Before that, he was market…
Mining company Magnetation will begin work on a $120 million iron ore-recovery plant in Itasca County this summer after getting clearance from state regulators to open its fourth facility in Minnesota.
The Duluth News Tribune has a report on the plans, which follow the unanimous approval by the Minnesota Pollution Control Agency's citizens board. The new facility is expected to employ 160 people
The plant will target ore at a site near Coleraine that was heavily mined for the past century; work…
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