Friday A.M. Report

Denny Hecker wants charges dropped, evidence inventory and travel privileges: Bankrupt auto mogul Denny Hecker wants the federal judge handling his criminal case to drop two of the charges and force the government to identify pertinent evidence. Hecker’s court-appointed defense attorney, Brian Toder of Minneapolis law firm, Chestnut Cambronne, submitted a series of filings late Thursday afternoon. Read full report 

Arctic Cat to build snowmobile engines in Minnesota: Arctic Cat Inc. will power its snowmobiles with Minnesota-made engines, as the company shifts to engines built in-house. The Thief River Falls-based company’s snowmobiles have up to now been powered by Suzuki Motor Corp. engines. Read full report 

Report: Regulators didn’t act quickly enough on Prosperan Bank findings: Regulators raised issues about high concentrations of commercial real estate and construction loans at Prosperan Bank as early as 2006, but failed to act quickly enough to prevent the bank’s failure last year, according to a regulatory report issued last week. A January 2006 examination by the Office of the Comptroller of the Currency found that high concentrations of commercial real estate loans might result in an unwarranted credit risk for the bank, according to a report from the U.S. Federal Deposit Insurance Corp.’s Office of Inspector General. Read full report 

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