Nordstrom Opens Credit Card Bank in Colo.

Nordstrom Inc. said it has opened a bank in Colorado to operate its credit card program. The Seattle-based retailer said that Nordstrom National Credit Bank in Englewood will take over its card business, and employees who service existing cardholders will be transferred to the bank's payroll.

Among other retailers, Sears, Roebuck & Co. and J.C. Penney Co. have opened card banks to expand in financial services.

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