Retail & Commercial

The Minneapolis company has inked a deal to buy 105 Chicago-area branches of Citizens Financial Group, the U.S. bank owned by Royal Bank of Scotland Group PLC, Crain's Chicago Business reported Monday.

The Denver city council passed a proclamation Monday asking that Colorado's legal marijuana businesses be granted access to the nation's banking system.

Cincinnati's First Financial Bancorp amassed a lot of capital thanks to failed-bank deals but took its time deciding what to do with it. Its three recent expansion moves put it in the company of other failed-bank buyers that are shifting to open-bank M&A.

Opus Bank in Irvine, Calif., has expanded its recently created health care unit with the hiring of Randall Boba as first vice president and senior portfolio manager.

Elmira Savings Bank (ESBK) in Elmira, N.Y., has redeemed the remaining $3.5 million of preferred stock issued to the Treasury Department through the Small Business Lending Fund.

The Target Corp. data breach just before the holiday shopping season triggered another round of rhetoric on the merits and shortcomings of chip-based cards. But the breach's direct effect on merchant EMV plans is largely up in the air.

Taiwan's Financial Supervisory Commission is barring Bitcoin ATMs because the country's regulatory body views Bitcoin as a false currency that should not be used by people or banks for payments.

Consumers demand far more flexibility from their card reward programs — and some banks are getting creative about delivering it.

Banking is increasingly a data-driven business. By creating a shared data and analytics utility, community banks could glean valuable insights on their business currently available only to large institutions.

Activist investor PL Capital has taken a $3.5 million stake in Old Point Financial (OPOF) in Hampton, Va.