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The Minneapolis bank's agreement to buy 94 RBS-owned branches in Chicago is the biggest deal that a big bank has pursued in awhile, and observers will watch the approval process closely for any signs that regulators are warming to the idea of acquisitions by large banks.
January 7 -
U.S. Bancorp (USB) in Minneapolis has agreed to pay $53 million to Freddie Mac to resolve mortgage-repurchase obligations.
December 10 -
A group of National Football League players has sued BB&T (BBT) for nearly $60 million over alleged negligence by BankAtlantic, which BB&T acquired last year.
November 1 -
The Super Bowl champ teased regulators, talked serious business and shared tales of his glory days on the football field during the Independent Community Bankers of America conference.
March 15 -
First Mariner Bancorp (FMAR) may not keep its name on a local arena but the Baltimore bank will continue to have a popular pitchman.
March 15
U.S. Bancorp (USB) has announced a deal to refinance the home stadium of the Denver Broncos of the National Football League.
The Minneapolis bank is the sole lender on the refinancing for the 12-year-old stadium, Sports Authority Field at Mile High. Four banks, including U.S. Bancorp, originally financed it in 2002. The terms and rates of the refinancing deal with the Stadium Management Co. are confidential.
"The favorable interest rate and terms of this agreement presented a great opportunity for us," Denver Broncos President Joe Ellis said Thursday. "It provides additional operational flexibility, which allows for the continued reinvestment into the stadium now and in the future."
The company's U.S. Bank unit has been the official bank of the Broncos since 1999 and is the only bank that offers Broncos-themed products, services and promotions. U.S. Bank, the third-largest retail bank in the Denver market, has 80 branches in the Denver community.
