Career moves

Visa unexpectedly announced the resignation of CEO Charlie Scharf, making way for longtime Amex executive Alfred F. Kelly, Jr., a current board member, to take over the role effective Dec. 1.

Oconee Financial in Watkinsville, Ga., has named a former Atlanta-area banker its new chief executive.

Dorothy Savarese, the head of Cape Cod Five Cents Savings Bank in Massachusetts, seeks a financial system where the rules encourage community banks and big banks to do the things that they are best at.

California Bank of Commerce in Lafayette has hired a veteran credit administrator to help expand its small-business lending.

Two well-known industry veterans are named to the board of Children’s Miracle Network and other CU professionals in the news.

The Wells Fargo phony bank and credit card accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

The change at the top of the No. 3 U.S. bank by assets after a snowballing phony-accounts scandal marks the rare case of a major U.S. bank CEO resigning amid accusations of company misconduct. His successor, Tim Sloan, faces a hard road to recovery.

The Klamath Falls, Ore.-based CU said Olney, a native of Southern Oregon, is a graduate of George Fox University and the Atkinson Graduate School of Management at Willamette University.

First Tennessee Bank in Memphis said Tuesday that has promoted three executives in its Middle Atlantic region.

Elevations CU hires "chief people officer" and other credit union professionals in the news.