First American Bank, headquartered in Hudson, Wisconsin, with a major branch in St. Michael, has announced it is selling off its St. Michael location to Community Development Bank. The sale comes just over three years after Great Northern Bank of St. Michael’s agreement to a merger with First American Bank became official in the eyes […]
Duluth Firm Will Acquire St. Michael-based U.S. Water Services
One of St. Michael's larger employers will be acquired for more than $160 million.
A Duluth-based energy company announced late Tuesday it has signed a definitive agreement to purchase one of St. Michael’s largest industrial employers, U.S. Water Services. The transaction will total about $168 million, giving ALLETE, Inc. an 87 percent share of the company, the other 13 percent remaining with the employees and management of U.S. Water […]
DEVELOPING: Meeting Tonight to Discuss Sale of Historic Catholic Church
In every sense, the St. Michael Historic Catholic Church has been at the center of the city of St. Michael since its construction more than 115 years ago. Now, just a decade after the St. Michael Catholic Church was erected on Frankfort Parkway, the Catholic Parish of St. Michael might be looking to sell its […]
Craiglist: St. Michael Corner Bar on Selling Block
The Historic St. Michael Corner Bar is, apparently, on the selling block. A Craigslist listing filed last month shows the bar, which has been owned by the Braun family since 1993, up for sale. The listing states the bar averages $30,000 per month in gross sales and takes in an additional $800 per month via […]