December 13, 2017 
Deal Alert: Park Financial Group, Inc. is acquiring Pioneer National Bank


Oak Ridge Financial is pleased to announce that Park State Bank, a subsidiary of Park Financial Group, Inc. is purchasing Pioneer National Bank. Park Financial Group, Inc. is headquartered in Minneapolis, MN and its subsidiary, Park State Bank, is headquartered in Duluth, MN.

With this purchase, Park State Bank will acquire Pioneer's three offices in Duluth and have a total of four locations in Duluth and one in Minneapolis. This acquisition will bring together two long-standing Duluth institutions.

Pioneer National Bank traces its roots to 1857 and was originally chartered as Citizen's State Bank of West Duluth in 1912 before obtaining a National Bank Charter as Pioneer in 1927. Pioneer is approximately $82 million in total assets and has 3 locations in Duluth.

Park State Bank is approximately $52 million in total assets with its main bank headquartered in Duluth, MN and a branch in Minneapolis, MN. Park has been serving the Duluth market since it was established in 1916.

The purchase is subject to regulatory approval and is expected to be complete in early 2018.

Oak Ridge Financial acted as Sourcing Agent and Advisor for Park Financial, Inc.

If you have any questions please feel free to contact Oak Ridge's Financial Institutions Group.

David Stieber - Managing Director - 763-923-2291

Craig Mueller - Managing Director - 763-923-2205


December 8, 2017 
Deal Alert: Peoples Bank of Commerce and State Bank of New Prague has been acquired by First Bank & Trust


Oak Ridge Financial is pleased to announce that Peoples Bank of Commerce and State Bank of New Prague, both subsidiary banks of Duke Financial Group, Inc., based in Minneapolis, MN have been acquired by First Bank & Trust, based in Brookings, SD.

Peoples Bank of Commerce was established in 1916 and has approximately $292 million in assets. In addition to its main office in Cambridge, MN, it has branches in Princeton, East Bethel, Edina, and Roseville, all in Minnesota.

State Bank of New Prague was established in 1883 and has approximately $117 million in assets. It operates from one banking center in New Prague, MN.

First Bank & Trust was established in 1925 and has approximately $1.38 billion in assets. It has ten banking centers all located in eastern South Dakota. It is a subsidiary of Fishback Financial Corporation in Brookings, SD, that has approximately $2.25 billion in assets prior to this transaction.

Oak Ridge Financial acted as Exclusive Financial Advisor and issued a Fairness Opinion to the Board of Directors of Duke Financial Group, Inc.

If you have any questions please feel free to contact Oak Ridge's Financial Institutions Group.

David Stieber - Managing Director - 763-923-2291

Craig Mueller - Managing Director - 763-923-2205


November 3, 2015 
Oak Ridge Financial Sold to Two Private Investors


The Oak Ridge Financial Services Group, Inc., based in Golden Valley, Minn., today announced that it has been acquired by a holding company controlled by two Minneapolis-based private investors: Russell S. King and Jacob Simms. King is transitioning into the roles of chairman and CEO, replacing current chairman and CEO Marc Kozberg; the rest of the current senior management team is expected to stay in place. Terms of the acquisition were not disclosed.

Oak Ridge Financial is a well-established financial services firm offering a full complement of brokerage, financial advisory and investment banking services to individuals and corporations through two business lines. First, the Private Client Services Group is a full-service financial advisory and brokerage unit with 44 financial advisors serving more than 3,000 clients in 46 states. Its services include securities trading, investment management, estate planning, wealth management and insurance. Second, the Investment Banking Group provides advice on capital raising, mergers and acquisitions and other services to community banks and emerging growth companies throughout the Midwest.

Going forward, Oak Ridge Financial will continue to operate much as it has, but with a greater emphasis on growth in both sectors of its business. The firm will be actively recruiting additional brokers and investment bankers as it implements a comprehensive growth plan. The firm will also consider opening new offices, where appropriate.

"Oak Ridge Financial is incredibly well-positioned for tremendous growth and success, thanks to its outstanding staff and loyal clients," said King. "Jacob and I are excited to help the organization capitalize on its significant potential. We extend our sincere thanks to Marc Kozberg for all he has done to build Oak Ridge. We wish him all the best in his future endeavors."

"Russell and Jacob are the perfect team to see this through, and the company is in great hands with them at the helm," said Kozberg. "They have an exciting plan to grow the company and help our professionals continue to deliver the superior service our clients have come to expect from us."

King and Simms currently hold executive positions at King Capital Corporation, based in Minneapolis, where they serve as president and chief investment officer, respectively. King Capital is a private investment management firm that manages a proprietary portfolio of securities, funds and limited partnerships. The corporation also manages the Peter J. King Family Foundation, which awards major grants to organizations focusing on family initiatives and children's health care and education throughout the Twin Cities area.

About Oak Ridge Financial

The Oak Ridge Financial Services Group, Inc., based in Golden Valley, Minn., has been creating, managing and protecting wealth for its clients since 1977. The organization is an independent, full-service financial services firm providing private client and investment banking services to individual, institutional and corporate customers. With its Financial Institution Group, Oak Ridge is the only Twin Cities-based investment banking firm specializing in capital raising and mergers and acquisitions for community banks. Oak Ridge is a member of FINRA and SIPC. For more information, visit http://www.oakridgefinancial.com/.


March 4, 2015 
Oak Ridge Financial Is Pleased To Announce The Return Of Tom Niemiec


Oak Ridge Financial is pleased to announce the return of Tom Niemiec. Tom was previously Senior Managing Director and head of the firm's Emerging Growth Investment Banking team. In his new role, Tom will be serving as a Senior Advisor to the Emerging Growth Team.

Please Click Here To Read Tom's Full Bio


January 13, 2015 
Oak Ridge Financial Is Pleased To Announce The Addition Of Randy Johnson


Oak Ridge Financial is pleased to announce the addition of Randy Johnson to its Private Client Group. Randy joins us from Stifel. He has been in the Financial Services industry since 1998. In his words "He looks forward to working with the many great people here at Oak Ridge Financial." Welcome Randy.


August 10, 2012 
Oak Ridge Financial Announces The Closing Of A Bank Deal


We are pleased to announce that we have successfully closed on a $3,762,500.00 common stock private placement for Northfield Bancshares, Inc.. This is the holding company for Community Resource Bank with offices in Northfield, Cannon Falls, and Roseville.

This is a difficult economic climate to raise private equity for privately held banks but we fully subscribed including using the over allotment.

We continue to work with banks in solving their capital needs.

Regards,
David Stieber, Ben Crabtree and Craig Mueller


July 19, 2012 
Oak Ridge Financial Completes Financings for Miromatrix Medical Inc. and LifeSync Corporation


Oak Ridge Financial’s Emerging Growth Investment Banking Group recently completed financings for two medical technology companies, Miromatrix Medical Inc. and LifeSync Corporation.

In June 2012 Oak Ridge completed a $5.3 million of Series A Convertible Preferred Stock for Miromatrix, which has an exciting regenerative medicine technology for processing tissue and whole organs that is expected to be commercialized initially in the established biomesh market and eventually for complete organ replacement.  Based in Eden Prairie, MN, Miromatrix’ technology came out of the University of Minnesota and has received international attention.  Oak Ridge placed the shares primarily with individual investors.

In May 2012 The Emerging Growth Group closed on an initial $3 million in a Series A Convertible Preferred Stock offering for LifeSync Corporation.  Based in Ft. Lauderdale, Florida, LifeSync produces the leading patient monitor system for hospitals and outpatient facilities with both wireless technology and disposable leads.  Oak Ridge placed the shares with institutional investors.


March 7, 2012 
Oak Ridge’s Financial Institutions Group to Co-sponsor Seminar with Minnesota Bankers Association on March 29, 2012


Oak Ridge is pleased to announce a co-sponsorship seminar with the Minnesota Bankers Association.
Click Here For More Info


September 19, 2011 
Oak Ridge Completes $10 Million Subordinated Debt Offering for Minnwest Corporation


Oak Ridge is pleased to announce the final closing of its $10 million Subordinated Debt offering for Minnwest Corporation.
Click Here For More Info


April 22, 2010 
Oak Ridge Financial Helps Sponsor The 2010 Lake Harriet Concert Series.


The 2010 Lake Harriet Concert Series is made possible in part through the generosity of Oak Ridge Financial.
Click Here For More Info


August 17, 2009 
Oak Ridge Financial Announces Completed Financing For Wound Care


In a challenging market environment, we are pleased to have recently completed this financing for

Wound Care Technologies manufactures and sells the DermaCloseTM RC continuous external tissue expander that is used to help close acute and chronic wounds quickly and cost effectively.
www.woundcaretech.com



June 30, 2008 Oak Ridge Closes on oversubscribed $7.5 million Private Placement for Spineology Inc.
Oak Ridge Financial closed on a $7.5 million Private Equity Placement for Spineology Inc. The Emerging Growth Team set out to raise $5.5 million for Spineology and closed on an additional $2.0 million. Spineology is a pioneer in minimally invasive surgery in the spinal implant industry. The Company’s OptiMesh System enables spine surgery to be completed in a dramatically less invasive manner.

May 17, 2008 Oak Ridge’s Scott Rickford sets new Powerlifting Mark
Scott Rickford beat his own Minnesota State Powerlifting Record for the disabled with a Bench Press of 352 pounds in the 198 pound weight class at the WABDL Nationals held in the Wisconsin Dells. The old record of 325 pounds was set last year. Congratulations Scott!

January 25, 2008 Oak Ridge Annual Holiday Outing
Oak Ridge Financial once again let the rush beat it and held its annual holiday outing on January 25, 2008 at Tuttle’s in Hopkins. Fifty-five employees and their significant others turned out for a fun night of good food, libation and bowling…….yes bowling. Appropriately, Marc Kozberg, our CEO led the way on the lanes by bowling a 192 (Marc says he will give lessons for $50/hour). While we obviously won’t have anyone joining the pro tour anytime soon, we sure had fun. Special thanks to John Clifford, Mike Leonard and Terri Keohokalole for arranging such a fine outing!

November 1, 2007 Tom Herstad joins Emerging Growth Group

Oak Ridge is pleased to announce that Tom Herstad has joined the Emerging Growth Investment Banking Team as an Associate. Tom will be working with Tom Niemiec and Randy Hines on both financings and merger and acquisition opportunities but will also assist the Financial Institutions Group and lend a hand to Mike Leonard in expanding the Private Client Services Group. Tom previously worked in San Francisco with Merrill Lynch, Olde Financial and his own small merchant bank Marquette Ventures LLC. Tom also has experience in executive recruiting in the financial services industry. He has a BA from the Carlson School of Management at the University of Minnesota and an MBA in Finance from Pepperdine University.


September 23, 2007 Oak Ridge’s Scott Rickford and Teammates Defend National Title

Scott Rickford and his teammates from the Courage Rolling Twins defended their National Title at the Seventh Annual Wheelchair World Series of Softball held at Shea Stadium in New York. About a month prior, the Courage Rolling Twins were third in the 31st National Wheelchair Softball Tournament held at Midway Stadium in St. Paul, MN.


August 30, 2007
 Oak Ridge Derby At Canterbury Park
Oak Ridge Financial held its Annual Summer Outing on August 30, 2007 at Canterbury Park Race Track. Approximately sixty employees and significant other’s enjoyed an entertaining evening of dining and horse racing. The racing schedule included the Oak Ridge Derby where we all gathered to be seen with the winning horse.



May 26, 2007 Oak Ridge’s Scott Rickford sets Powerlifting Mark

Scott Rickford set a Minnesota State Powerlifting Record for the disabled with a Bench Press of 325 pounds, which is more than 1.6 times his own weight. He set the record over the Memorial Day weekend at a Midwest Regional Competition in Minneapolis.

May 25, 2007 Oak Ridge is Patron Sponsor of PACER

Oak Ridge Financial was a Patron Sponsor of the 25th Annual PACER Benefit. The mission of PACER Center is to expand opportunities and enhance the quality of life of children and young adults with disabilities and their families, based on the concept of parents helping parents. Founded in 1977, PACER Center was created by parents of children and youth with disabilities to help other parents and families facing similar challenges.

May 23, 2007 Oak Ridge Closes on oversubscribed $8.7 million Private Placement for Cool Clean
Technologies, Inc.
Oak Ridge Financial closed on an $8.7 million Private Equity Placement for Cool Clean Technologies, Inc. The Emerging Growth Team set out to raise $6 million for Cool Clean, found strong interest in the offering and closed on an additional $2.7 million. Cool Clean is a leader in advanced cleaning and cooling technologies utilizing CO2. This was the first financing completed by the new Emerging Growth Team and was completed in approximately 60 days.