Bill Text: MN SR278 | 2015-2016 | 89th Legislature | Draft
Bill Title: A Senate resolution honoring Union Bank & Trust of Minneapolis on their 40th anniversary
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-05-09 - Referred to Rules and Administration [SR278 Detail]
Download: Minnesota-2015-SR278-Draft.html
1.1A Senate resolution
1.2honoring Union Bank & Trust of Minneapolis on their 40th anniversary.
1.3WHEREAS, Union Bank & Trust, the only union-owned bank in Minnesota and one of
1.4fewer than ten union-owned banks in the nation, was founded in 1976 by Danny Gustafson, who
1.5later went on to serve as president of the Minnesota AFL-CIO; and
1.6WHEREAS, Senator Hubert Humphrey participated in the bank's grand opening, and the
1.7bank has served its community during good times and challenging times over the past 40 years; and
1.8WHEREAS, about 30 different local unions, primarily building trades unions, have an
1.9ownership stake in the bank and comprise about 90 percent of its shareholders; and
1.10WHEREAS, all of Union Bank & Trust's employees are union members; and
1.11WHEREAS, the bank was launched with an initial $1 million investment from local
1.12unions, and in the early years, the bank grew by financing millions and millions of dollars in
1.13construction projects, which had the double impact of helping to create construction jobs for
1.14union members; and
1.15WHEREAS, Danny Gustafson, the visionary founding board chair of Union Bank & Trust,
1.16served 38 years as board chair and continues to serve today as a board member; and
1.17WHEREAS, Union Bank & Trust currently has about 30 employees, one-half working in
1.18the bank and one-half working in the trust department, and in 40 years, they have never had a
1.19labor dispute with their employees; and
1.20WHEREAS, Union Bank & Trust will host a 40th Anniversary Celebration on May 17,
1.212016; and
2.1NOW, THEREFORE, BE IT RESOLVED by the Senate of the State of Minnesota that
2.2it congratulates Union Bank & Trust of Minneapolis on 40 successful years in business, and
2.3looks forward to many more years of service.
2.4BE IT FURTHER RESOLVED that the Secretary of the Senate is directed to prepare an
2.5enrolled copy of this resolution, to be authenticated by the Secretary's signature and that of the
2.6Chair of the Senate Rules and Administration Committee, and transmit it to Union Bank & Trust.
1.2honoring Union Bank & Trust of Minneapolis on their 40th anniversary.
1.3WHEREAS, Union Bank & Trust, the only union-owned bank in Minnesota and one of
1.4fewer than ten union-owned banks in the nation, was founded in 1976 by Danny Gustafson, who
1.5later went on to serve as president of the Minnesota AFL-CIO; and
1.6WHEREAS, Senator Hubert Humphrey participated in the bank's grand opening, and the
1.7bank has served its community during good times and challenging times over the past 40 years; and
1.8WHEREAS, about 30 different local unions, primarily building trades unions, have an
1.9ownership stake in the bank and comprise about 90 percent of its shareholders; and
1.10WHEREAS, all of Union Bank & Trust's employees are union members; and
1.11WHEREAS, the bank was launched with an initial $1 million investment from local
1.12unions, and in the early years, the bank grew by financing millions and millions of dollars in
1.13construction projects, which had the double impact of helping to create construction jobs for
1.14union members; and
1.15WHEREAS, Danny Gustafson, the visionary founding board chair of Union Bank & Trust,
1.16served 38 years as board chair and continues to serve today as a board member; and
1.17WHEREAS, Union Bank & Trust currently has about 30 employees, one-half working in
1.18the bank and one-half working in the trust department, and in 40 years, they have never had a
1.19labor dispute with their employees; and
1.20WHEREAS, Union Bank & Trust will host a 40th Anniversary Celebration on May 17,
1.212016; and
2.1NOW, THEREFORE, BE IT RESOLVED by the Senate of the State of Minnesota that
2.2it congratulates Union Bank & Trust of Minneapolis on 40 successful years in business, and
2.3looks forward to many more years of service.
2.4BE IT FURTHER RESOLVED that the Secretary of the Senate is directed to prepare an
2.5enrolled copy of this resolution, to be authenticated by the Secretary's signature and that of the
2.6Chair of the Senate Rules and Administration Committee, and transmit it to Union Bank & Trust.
| JoAnne M. ZoffSecretary of the Senate | Thomas M. BakkChair, Senate Committee onRules and Administration |
| Kari DziedzicState Senator, District 60 |
