Retail & Commercial

Merchant Bank in Winona, Minn., plans to buy two branches from Associated Banc-Corp (ASBC) in Green Bay, Wis.

The Federal Deposit Insurance Corp. took regulatory actions against nine banks and freed 22 banks from orders in July, according to an enforcement update released Friday.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Citigroup Inc., the third-biggest U.S. bank by assets, may sell half its Texas branches as Chief Executive Officer Michael Corbat refocuses on the biggest urban areas, three people with direct knowledge of the matter said.

Commonwealth Business Bank (CWBB) in Los Angeles has added veteran banker Alvin Kang to its board.

First Financial Northwest in Washington ousted a longtime CEO, while HopFed Bancorp in Kentucky seated an outsider on its board and canceled an acquisition, under pressure from activist shareholders. More banks can expect similar fights.

The thought of leaving their century-old headquarters didn't appeal to execs at MidWestOne, but neither did a makeover during the height of the recession. They're finally free to give their office space some overdue updates.

Tradehill Inc., a Bitcoin exchange, has ended its relationship with Internet Archive Federal Credit Union—announced only a few days earlier—and has suspended trading, blaming regulatory issues.

Bank of America became the latest bank to announce major mortgage layoffs.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.