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.

Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.

Access National in Reston, Va., said Chairman James "Ted" Jadlos resigned to focus on a mortgage-related business.

JPMorgan investment banker Jimmy Lee was widely eulogized as a legendary networker and bright spirit this week, but American Banker also remembers him as a builder and defender of the hotly debated universal-banking model.

First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.

The payment processor Total System Services (TSYS) has promoted a longtime employee to head up its North America consumer, commercial and health care lines of business.

Golden 1 Credit Union inked a deal with the Sacramento Kings to secure naming rights over the National Basketball Association team’s new entertainment and sports center.

Royal Bancshares of Pennsylvania in Narberth has agreed to purchase a branch in Delaware County, Pa., from First CornerStone Bank.

The Treasury Department's Community Development Financial Institutions Fund has allocated more than $3.5 billion in tax credit awards for low-income urban and rural communities.

The $410 billion-asset company won the 20-year naming rights for the Minnesota Vikings' new football stadium in downtown Minneapolis.

SunTrust Banks in Atlanta has promoted its head of commercial specialty segments to corporate treasurer.