Corporate governance

With Hurricane Harvey rapidly making its way toward the Texas coast, lenders and servicers have activated business continuity plans to accommodate pending transactions and provide options and support to existing borrowers affected by the storm.

Many financial institutions have activated their emergency centers, closed branches and stocked ATMs in advance of landfall.

Credit unions are preparing for what is expected to be a major storm with life-threatening storm surge along the coast and dangerous flooding even well inland.

The parent of State Bank in New Hampton has agreed to buy the holding company for Peoples Trust & Savings Bank.

Bank Mutual was still in talks to buy a bank roughly its own size when it began exploring a sale. The move allowed Bank Mutual to quickly find a buyer after its planned acquisition fell through.

From preparing for the next recession and digital disruption to better planning and what millennials want, CUNA Mutual Group’s 2017 Online Discovery Conference covered a lot of ground.

Austin, Texas-based CU has seen growth in auto, mortgage and commercial lending.

Bank of the Ozarks, Home BancShares and Simmons First have used acquisitions and a business-friendly environment in their home state to become regional powers.

Wells Fargo CEO Tim Sloan has told employees that a third-party review of unauthorized accounts will be published “within a few weeks.”

All critical data to run the CUSO's business operations in the event of a disaster will also be backed up to a location 900 miles away from the firm's offices.

Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.

Arvest agreed to pay nearly $400 million in cash for a bank with 42 branches in Arkansas, Missouri and Oklahoma.

The $1.5 billion-asset company agreed to buy Southern Missouri Bancshares to expand into two strategically important markets.

The company says the tracking devices are a way to reduce office space and know when shared workstations are free, but "hot-desking" also raises questions about whether employees are being spied on.

Monday’s eclipse is an astronomer’s dream, but CUs’ responses range from trying to make hay while the sun isn’t shining to preparing for potential disaster.

Lynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.

Baxter CU, Randolph-Brooks FCU and Coastal CU have already signed on with the service, which aims to create analytics strategies to help credit unions grow and improve service.

The exodus of chief executives from two of President Trump’s business advisory councils in the aftermath of the Charlottesville tragedy was a highly visible example of risk management and cultural principles in action.

Approval from the Federal Reserve is the last remaining hurdle for the $2.2 billion transaction.

In addition to typical industry challenges, family-owned banks also have to address generational leadership and estate planning at a time when an increasing number of their CEOs are looking to retire.