"Where Fillmore County News Comes First"
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Fillmore SWCD receives dividend from Minnesota counties intergovernmental trust


Fri, Nov 22nd, 2013
Posted in Preston Business Announcements

Preston, Minn. – The Fillmore Soil and Water Conservation District (SWCD) recently received a dividend check in the amount of $4,959.00 from Minnesota Counties Intergovernmental Trust (MCIT). MCIT is a member service organization that provides 81 of Minnesota’s counties and associated entities with property, casualty and workers’ compensation coverage, as well as risk management and loss control services designed for public entities. Fillmore SWCD’s decision to join MCIT has resulted in significant cost savings to taxpayers over the year.

MCIT’s decision to issue a dividend is based on a comprehensive review of the Trust’s reserving and rate level strategies, the performance of its investment portfolio, operational expenses, and claim history. The efforts of the Fillmore SWCD to manage situations that expose it to loss had a positive impact on the performance of MCIT and contributed to the ability of MCIT to return a dividend this year.

The total dividend that MCIT distributed to members in 2013 is $19 million: $7 million from the Workers’ Compensation Division and $12 million from the Property/Casualty Division. The Fillmore SWCD received $3,843.00 from the Property/Casualty Division and $1,116.00 from the Workers’ Compensation Division this year.

Since 1991 MCIT has returned more than $274 million of fund balance to members.

According to MCIT Board Chair Scott Sanders, Watonwan County commissioner, “The 2013 dividend demonstrates the benefits of pooling, members’ dedication to managing risk and the reward of Fillmore SWCD’s continued participation in the Trust”.

SEMAC awards arts grants

Fri, Nov 22nd, 2013
Posted in All Business Announcements

On November 19, 2013, the Board of Directors of the Southeastern Minnesota Arts Council awarded 49 grants for a total of $316,750 in funding to applicants throughout southeastern Minnesota. This included 30 Arts & Cultural Heritage Grants for $265, ..... 
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Sounthern Minnesota initiative foundation awards $51,543 in grants

Fri, Nov 22nd, 2013
Posted in All Business Announcements

Southern Minnesota Initiative Foundation (SMIF) is pleased to announce that six programs in the 20-county region have received awards through its annual granting process for Home Visitation services. A total of $51,543 was awarded to enhance or expa ..... 
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Merchants Bank completes acquisition of Rushford and Lanesboro locations from Associated Bank

Thu, Nov 21st, 2013
Posted in Rushford Business Announcements

WINONA, Minn. – Merchants Bank has taken ownership of the former Associated Bank locations in Rushford and Lanesboro, according to Merchants Financial Group, Inc. President & CEO Richard L. Mahoney. Transfer of ownership took place November 15, ..... 
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Merchants Bank completes acquisition of Rushford and Lanesboro locations from Associated Bank

Thu, Nov 21st, 2013
Posted in Lanesboro Business Announcements

WINONA, Minn. – Merchants Bank has taken ownership of the former Associated Bank locations in Rushford and Lanesboro, according to Merchants Financial Group, Inc. President & CEO Richard L. Mahoney. Transfer of ownership took place November 15, ..... 
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AgStar financial services announces third quarter results

Thu, Nov 21st, 2013
Posted in All Business Announcements

MANKATO, Minn. – AgStar Financial Services, a value-added financial services company owned by its client-stockholders, today reported earnings for third quarter ending September 30, 2013.The company reported net after-tax earnings of $35 million f ..... 
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Mayo Clinic announces appointments to DMC Economic Development Agency Board

Thu, Nov 21st, 2013
Posted in All Business Announcements

ROCHESTER, Minn. — Mayo Clinic announced the appointment of six members to the Destination Medical Center (DMC) Economic Development Agency (EDA) Board who will oversee the private economic development corporation authorized by state statute to pr ..... 
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County awarded funds

Fri, Nov 15th, 2013
Posted in All Business Announcements

The Minnesota State Set-Aside Committee for the FEMA Emergency Food and Shelter Program has recommended $3,758 be awarded to Fillmore County. The money is used to provide emergency food and shelter to people in need of them. The local board is made ..... 
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Root River Trail towns partnership to host regional Destination Medical Center (DMC)

Fri, Nov 8th, 2013
Posted in Lanesboro Business Announcements

Root River Trail Towns Partnership to Host Regional Destination Medical Center (DMC) informational gathering and conversation in Lanesboro, November 18. WHAT: Root River Trail Towns will host an informal social hour, presentation and discussion f ..... 
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