Retail & Commercial

Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has launched a $42 million public offering.

U.S. Bancorp, the largest bank based in the Midwestern U.S., is the leading contender to buy the Chicago branches of Citizens Financial Group Inc. because smaller bidders are wary of raising capital to fund the deal, people with knowledge of the matter said.

Pacific Premier is complementing two liquidity-driven acquisitions with the addition of a restaurant-franchise lending company. Such loans are expected to bring the California company higher-yielding loans. It's another example of banks' strong push for new revenue sources.

JPMorgan Chase reached a $13 billion deal with the U.S. Justice Department that ends probes into the bank's sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.

Just as U.S. policymakers are taking a more supportive approach to Bitcoin and other virtual currencies, countries that have taken a hands-off approach may soon weigh in with regulations that mirror those of the U.S.

Alliance Financial Services in Saint Paul, Minn., plans to exit the Wisconsin market.

The $1.2 billion-asset company said Tuesday that net proceeds from the sales totaled $26.3 million. Old Line said the sales will increase its tangible common equity.

WASHINGTON — Regulators released a tool on Tuesday that community banks can use to estimate how their capital matches up with new global standards.

Health and wellness programs are a great way to boost employee engagement and keeping health care cost down.

Portugal's fourth-largest bank has received approval to open two representative offices in the United States.