Anchor Bank: More than 100 Twin Cities workers to be laid off in the Anchor Bank/Old National Bancorp merger

As many as 106 employees of Anchor Bank will be laid off as a result of its merger with Old National Bank, according to a notice filed with the state of Minnesota. The employees are located in Anchor branches across the Minneapolis/St. Paul area, and the terminations are expected in May, the notice said. In August, St. Paul-based Anchor Bank announced it would be bought by Evansville, Ind.-based Old National Bancorp in a stock deal valued at more than $300 million, according to a joint release...