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Monday A.M. Report

Central Bank of Stillwater buys failed Florida bank; fourth deal this year: Central Bank of Stillwater has acquired a failed bank in Florida. The Florida Office of Financial Regulation late Friday closed Fort Myers, Fla.-based Commerce Bank of Southwest Florida. Read full story

Valspar Q4 earnings up, expects modest sales growth in 2010: The Valspar Corp. reported a jump in its fiscal fourth-quarter net income Monday on lower sales volumes. The Minneapolis-based paint and coatings manufacturer beat Wall Street analysts’ estimates by 4 cents per share. Read full story

In interview, Wells Fargo CEO is hopeful: The CEO o f Wells Fargo & Co. sees hope, and a little pain in the market, as early signs point toward a long and slow economic recovery. In a wide-ranging interview, John Stumpf, the head boss of Wells Fargo and its merger partner, Wachovia Bank, talked about the state of commercial real estate and future bank regulation. Read full story

Business Journal names CFOs of the year: The Minneapolis St. Paul Business Journal has announced the winners of its third annual CFO of the Year awards. The awards, which recognize excellence among top financial executives in the Twin Cities, cover eight categories representing nonprofits, private and public companies. Profiles of all the winners are included in the Nov. 20 issue of the Business Journal. Here’s a full list of the finalists and winners, with links to their profiles and surveys (subscription required). Read full story

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