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Tuesday P.M. Report

Fed puts Community Resource Bank on short leash: The Federal Reserve has increased its oversight of Community Resource Bank, placing restrictions on how it grants loans and requiring it to submit written plans on how the Northfield-based bank will get its financial house in order. The Fed today announced that it had entered into a written agreement with Northfield Bancshares, Community Resource Bank’s parent company. The bank — which has three offices in Northfield, one in Roseville and one in Cannon Falls — has 10 days to remove assets from its books that the Fed has deemed a loss. Read full story   

Crispin Cider gets Fox Barrel Cider: Crispin Cider Co., which makes a high-end alcoholic cider, has bought Fox Barrel Cider Co. in a bid to broaden its brand and reach. Minneapolis-based Crispin will use stock to acquire Fox Barrel in a deal that includes Fox’s Colfax, Calif., cidery and liabilities. Other details of the deal weren’t disclosed. Crispin was launched in November of 2007. Read full story    

Target says no to farmed salmon: Target Corp. today said it has eliminated farmed salmon from its stores, instead selling only wild-caught Alaskan salmon. The shift, which applies to fresh, frozen and smoked seafood offerings at its stores across the country, includes Target owned brands, such as Archer Farms and Market Pantry. Sushi carried in its stores will be switched to wild-caught salmon by year’s end. Read full story

Good Earth to start delivering to events: The Good Earth, the Twin Cities-based natural-foods restaurant concept, has begun offering delivery service to events and parties. Good Earth, which has locations in Edina and Roseville, is offering delivery for take-out party platters and menu items. Orders need to be at least $100 and there’s a $15 delivery charge. Read full story

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