MARSHALL -- Another Minnesota company - this time from Marshall - has sued Old National Bank, alleging the bank failed to notify them of fraudulent activity in their accounts.
According to documents filed Oct. 2 in U.S. District Court, Midwest Ag Enterprises, Inc., of Marshall, and two related companies claim criminals gained access to their bank accounts and stole about $549,000 through fraudulent transfers this summer. The companies' complaint claims that Old National Bank did not detect the transactions or notify the businesses.
The complaint claims that when Midwest Ag Enterprises and related companies banked with Bremer Bank, they had an agreement to implement safety protocols including a mandatory call-back on any wire transfer of more than $25,000. These safety protocols did not survive the acquisition of Bremer by Old National Bank in 2025, the complaint claims.