Americas

First Midwest Bancorp in Itasca, Ill., plans to close branches and sell unwanted real estate as customers shift to online banking.

U.S. Bancorp on Friday reported a dip in profits, due to a mix of lower fees and higher credit costs.

Royal Financial in Chicago has agreed to buy Park Bancorp in Chicago.

The $22 billion-asset Winstrust said in a press release Thursday that it will pay $30 million in cash for the parent of the $125 million-asset Foundations Bank.

First Business Financial Services in Madison, Wis., said it has hired Edward Sloane Jr. to be its next chief financial officer.

Firstrust Bank has signed a marketing deal with the Philadelphia 76ers, even though the NBA team plays in an arena emblazoned with the name of another bank — and will until 2024.

Four Oaks Fincorp in Four Oaks, N.C., has refinanced $11.5 million in subordinated debt.

Higher wealth management fees and improved interest income led First Republic Bank in San Francisco to double-digit profit growth in the fourth quarter.

BOK Financial in Tulsa, Okla., has acquired E-Spectrum Advisors, a Dallas investment bank that focuses on the energy sector.

Nine former officers and directors accused of hiding problems at Superior Bank in Birmingham, Ala., will pay more than $1 million in penalties as part of settlements with the Securities and Exchange Commission.