Jacob Passy

After scaling back its U.S. operations, Popular Inc. plans to focus on niche commercial lending markets, including financing for elder care and assisted living facilities.

Chris Myklebust will become commissioner of the Colorado Division of Banking. In his previous job, he approved a charter for a CU to serve the state's legal marijuana industry.

Colorado has named a new state banking commissioner, after an interim commissioner has held the job for almost 18 months.

KeyCorp in Cleveland has hired Gary Poth as head of its family wealth division at Key Private Bank.

Groupon has launched an Apple Watch app that combines shopping, deals and payments.

Wells Fargo has ended its sponsorship of the National Basketball Association's Charlotte Hornets.

Bank of the Orient in San Francisco has received a federal cease-and-desist order because of shortcomings in its compliance with anti-money-laundering rules.

London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.

The big bank has taken heat from social conservatives about its TV advertisement featuring a same-sex couple adopting a child, but Wells executives say the ad is part of a larger campaign that embraces the many demographic groups in its customer base.

ChoiceOne Financial Services in Sparta, Mich., has tapped a new president as it splits the role from chief executive.