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North Wright County Today

Local news for St. Michael, Albertville, Otsego and Hanover

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St. Michael Bank to again Change Ownership, Name

July 28, 2017 By Mike Schoemer

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 […]

Tagged With: Bank, Community Development Bank, First American Bank, sale

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.

January 28, 2015 By Mike Schoemer

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 […]

Tagged With: ALLETE, sale, U.S. Water Services

DEVELOPING: Meeting Tonight to Discuss Sale of Historic Catholic Church

September 30, 2014 By Mike Schoemer

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 […]

Tagged With: Fr. Peter Richards, sale, St. Michael Historic Church

Craiglist: St. Michael Corner Bar on Selling Block

April 2, 2014 By Mike Schoemer

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 […]

Tagged With: Corner Bar, Craigslist, sale, St. Michael

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