Laurel Beager

Laurel Beager

Financial institutions plan to combine to expand services

NATCOM Bancshares, Inc., the holding company for National Bank of Commerce and Great River Holding Company, the holding company for RiverWood Bank, recently announced they have entered into a definitive agreement for NATCOM to acquire Great River in an all-cash deal.A branch of RiverWood Bank is located at 503 Fourth St., International Falls.The sale of the transaction is expected to close in late 2024, with the conversion of accounts happening in early 2025, subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval of Great River’s shareholders, reports National Bank of Commerce.The combined organization is expected to have approximately $2 billion in total assets with more than 250 employees across 12 counties in northern Wisconsin, central Minnesota, and northern Minnesota.“We have been looking for strategic opportunities to further expand National Bank of Commerce into greater Minnesota, and we believe we have found the ideal partner in RiverWood Bank,” said Brad Roden, CEO of National Bank of Commerce.

Local nursing homes receive grants

Littlefork and International Falls area are among seven northern Minnesota nursing homes that have received payments to address improvements and long-term debt.Those nursing homes have received a second round of direct payments totaling $1.39 million as part of a statewide nursing home package totaling $300 million, passed by the Minnesota House and Senate in 2023 and signed into law by Gov.

Aug. 13 primary roundup

About 35 percent of Koochiching County voters participated in last week’s Primary Election.County Auditor/Treasurer Joan Nelson said of the 7,433 voters, 2,575, or 35 percent, cast ballots in the Aug.

Looking Back

Friday15 years agoThe Falls School Board Monday is expected to approve the appointment of assistant football coach Jay Boyle as head coach for the 2009-2010 season, filling the vacancy left by recent resignation of head coach Stuart Nordquist.