In April 2018, to further increase services, locations, and products to the growing organizations, the parent company of First Resource Bank and Eagle Valley Bank merged the institutions and retained the name First Resource Bank. First Resource Bank is a full service bank that continues serving the needs of small businesses, entrepreneurs, and individuals in the Twin Cities and surrounding areas. The company remains owned by a small group of entrepreneurs that understand the needs of its clients. It pride itself on providing prompt client service and simple lending and deposit solutions.
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
President Joe Biden said he believes his administration has done a “pretty damn good job” working to resolve the banking crisis and said he thinks it will “take a little while for things to just calm ...