Retail & Commercial

National Penn Bancshares in Allentown, Pa., plans to raise $100 million through a debt offering.

Citizens Financial Group, a U.S. subsidiary of Royal Bank of Scotland Group Plc, is seeking a valuation of as much as $14 billion as it enters the final stages of an initial public offering.

Alliance Data Systems announced what it described as a long-term agreement to issue credit cards for the Midwestern grocery store chain Meijer.

A conservative housing critic and liberal consumer advocate have created a 15-year home loan for low-income borrowers to build more equity.

The $2.5 billion-asset QCR said in a press release Friday that the new company will include the mortgage staff from its Quad City Bank & Trust.

WASHINGTON — Several trade groups representing Federal Home Loan bank members are urging a federal regulator to extend the comment period on a controversial proposal to change the system’s membership requirements.

Banc of California has announced extensive community reinvestment goals as part of its planned purchase of 20 Banco Popular branches in Southern California. The agreement, which appeased a community group that had opposed the sale, shows how much power such organizations wield when it comes to M&A.

Ted Strauss, a Dallas entrepreneur who helped establish two of the city's most-prominent banks, died Friday morning.

Citigroup's sale of nearly all its remaining Texas branches looks to be the last of its major branch reductions for awhile, as the downsizing campaign has helped enhance revenue prospects and contain costs.

Community banks are fighting a plan unveiled by the Federal Housing Finance Agency that would force many banks and thrifts to maintain at least 10% of their assets in the form of home loans or mortgage-backed securities.