Corporate governance

The Dallas company has extinguished talk of a potential sale after aggressively cutting costs over the past year. But concerns about its future — including its ability to find new sources of revenue — remain.

Florida and Texas are normally major sources of mergers, but bankers in those states likely will take a break to assess damage from the hurricanes before returning to dealmaking.

Hurricane Irma reportedly impacted more than 100,000 credit union members in the region.

The California company will pay nearly $3 million to address claims it failed to pay employees for overtime.

The banking companies agreed to terminate their planned merger after regulators withheld approval. The snag is tied to a previously disclosed issue with Hope's 2016 financial results.

The Indiana company could also use proceeds from the planned stock sale to pay off debt.

Bankers in Florida and Texas are dusting off their disaster-recovery playbooks, which focus on retrieving customers' valuables, ensuring employee safety and minimizing the bank's own legal exposure.

Banks could be busy supplying credit to manufacturers, hotels, multifamily developers and other businesses that will be helping residents get their lives back on track after two fierce storms.

Approximately two-thirds of the state's 136 credit unions suffered damage from high winds and flood waters, but CUs are reopening their doors to members and staff — though some are still without power and internet access.

Chemical Financial's decision to shutter nearly 40 branches and cut more than 200 jobs is a result of improved technology and an effort to become more efficient after years of pursuing acquisitions.

The Michigan company said the branch closures will save it $20 million a year. It also plans to devote fewer resources to indirect auto, where returns have trailed other lending categories.

As hurricanes wreaked havoc over the last couple of weeks, several banking-related narratives have emerged. Here is a look at those stories.

The hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees.

Along with activating CUAid for Irma, an online community for credit union disaster-response efforts has also been launched.

The agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma.

Credit unions across the state are closed today, but the storm also brought out some of the best the industry has to offer.

Associated's agreement to buy Whitnell & Co. comes just weeks after the company lined up its first bank deal since the financial crisis.

Texas bankers recovering from Hurricane Harvey are reflecting on their experiences, identifying what went right and what they could do better. Their views could prove useful to Florida bankers hurriedly preparing for the nation's next big hurricane.

The credit union insurer is advising CUs in the southeastern U.S. on how they can best prep for the historic storm bearing down on South Florida.

Spanish-speaking consumers have long been touted as one of the biggest potential growth markets for credit unions, and a demographic that needs better access to safe and affordable banking services.