Jacob Passy

Wolf Point Federal Credit Union in Montana has named Shelly Stovern as its next chief executive.

Rate Hike Fallout, Continued; GSE Revival Hopes Squashed

The $3.4 billion-asset holding company for Five Star Bank received a letter on Wednesday from Clover Partners' managing director, Johnny Guerry, saying management has made the wrong decision on two recent deals. Clover owns about 5.2% of Financial Institutions.

FIS in Jacksonville, Fla., has partnered with the Venture Center to create an incubation lab to boost innovation in financial technology.

Wells Fargo in San Francisco said that its chief information officer will retire at the end of March.

The Consumer Financial Protection Bureau has ordered payday and pawn lender EZCorp Inc. to pay $10.5 million for alleged illegal debt collection tactics.

Wirecard has made its boon mobile wallet available in Spain and Ireland.

Fed's Rate Hike Implications Scrutinized

The $933-million asset institution said in a press release Tuesday that the technology, provided by Louisville-based R.C. Giltner Services, will enable consumer and small-business customers to complete the loan application process in minutes.

TotalBank in Miami has returned Jorge Rossell to the position of chief executive, after Luis de la Aguilera departed to take the same position at U.S. Century Bank in Doral, Fla.