article thumbnail

U.S. Bank branch restructuring is underway with closures in Chicago area

Bank Innovation

Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.

Chicago 170
article thumbnail

Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

Chicago 109
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fifth Third Bancorp And MB Financial Merge In $4.7B Deal

PYMNTS

Once the deal is complete, the merged company will have a Chicago deposit market share of 6.5 percent, ranking in fourth place in total deposits and second in retail deposits among the close to 200 banks in the region. We view MB Financial as a unique partner in our efforts to build scale in this strategically important market.

Chicago 100
article thumbnail

Uber Freight Branches Out Into Canada

PYMNTS

Shippers will have unprecedented visibility into their supply chains, and access the actionable market data and reliable capacity that enables their businesses to thrive. Uber Freight announced last month that it was investing $200 million to “put down roots” in Chicago.

Chicago 101
article thumbnail

Uber Freight Now Available In Canada

PYMNTS

Shippers will have unprecedented visibility into their supply chains, and access the actionable market data and reliable capacity that enables their businesses to thrive. Uber Freight announced last month that it was investing $200 million to “put down roots” in Chicago.

Chicago 100
article thumbnail

Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11. More specifically, the upcoming Verizon 5G rollout in Chicago and Minneapolis represents, according to one report , development of the company’s “first standards-based 5G network.” 5G Potential.

Mobile 168
article thumbnail

CRE risk management: Navigating hazards and opportunities

Abrigo

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. They’re not your hometown.