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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.

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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.

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FOMC’s Annual Rotation Portends More Hawkishness

TrustBank

The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal Reserve System. The FOMC is composed of 12 members — the seven-member Board of Governors and five members drawn from the 12 regional Reserve Bank presidents. We wrote last year that 2022 would shape up to be anything other than a typical year.

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U.S. Bancorp Names New Chief Marketing Officer

American Banker

Bancorp in Minneapolis has promoted Beth McDonnell to chief marketing officer.

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U.S. Bank Hires B of A Exec to Lead Southern Calif. Market

American Banker

Bank in Minneapolis said Tuesday that it has hired Rudy Medina, formerly of Bank of America, to lead its Southern California market.

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U.S. Bancorp Forecasts Higher 2Q Expenses, Peak in Compliance Costs

American Banker

Bancorp in Minneapolis said it expects noninterest expense to increase in the second quarter due in part to compliance and marketing costs.

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The Greatest Show On Commerce Turf

PYMNTS

Offered in conjunction with Postmates, the service will be available in the 40 metro markets in which Postmates currently operates. The Host Committee estimates 1 million people will flock to Minneapolis on game day and the 10 days prior. The normal population of the region is only around 400,000. Winner: Pizza .