-
U.S. Bank has opened a tony branch at Starbucks Center in Seattle, which houses the coffee chain's 4,300-employee headquarters as well as the offices of other large corporations and startups. It is part of a broader strategy to target high-end consumers.
June 11 -
U.S. Bancorp (USB) supported $202 million of tax-credit-based financing in the southeastern United States last year, more than doubling its community development financing from the previous yea
May 8 -
Executives at U.S. Bancorp, PNC and Huntington all sounded cautiously optimistic about lending opportunities and each has a favorite region when it comes to finding borrowers.
April 16 -
Royal Bank of Scotland's mission to sell its U.S. banking arm Citizens Financial Group to outside investors just got a major boost.
May 27
U.S. Bancorp (USB) in Minneapolis has completed its purchase of Citizens Financial Group's Charter One franchise in Chicago.
All 94 Charter One branches were converted into U.S. Bank branches as of Monday morning. U.S. Bancorp now has more than 160 branches in the Chicago area.
This transaction,
"We've worked hard to grow our presence in Chicago over the past five years," Marsha Cruzan, U.S. Bank's Chicago market president, said in a press release. "The completion of the Charter One acquisition is an important milestone for us as we deepen our relationship with a larger group of customers in Chicago."
Citizens, based in Providence, R.I., will retain a market presence in the Chicago area by serving commercial businesses. It will also offer mortgage, student and auto loans.
"The close of this transaction allows us to sharpen our focus on enhancing revenue growth and improving the effectiveness of our operating platform," Bruce Van Saun, Citizens' chief executive, said in a press release. "This sale puts us in a good position to reinvest in attractive opportunities to deliver long-term growth."
