Corporate governance

The company will record a $300 million charge to cover the elimination of three data centers and book $125 million in broader severance costs.

Financial Institutions in Warsaw, N.Y., has replaced earlier plans for a typical stock sale with an at-the-market program.

The company was set to sell a 24% stake in itself to buy two Tennessee banks but has restructured the arrangement to avoid a potential conflict cited by a regulator.

Retail banking chief Mary Mack made several changes, including restructuring leadership in the Western region, where some of the worst incidents in the Wells scandal were said to have occurred.

Grow Financial alleges that a former employee stole private credit union information and passed it on to GTE prior to obtaining a job there.

Bay Area CU launches Business Banking Division to increase, diversify loan portfolio.

The $3.2 billion-asset company is making a bigger push into northern Indiana with its agreement to buy Lafayette Community Bancorp.

Management reports assets, membership continue to grow into 2017.

A new initiative at Keesler FCU will return as much as $108,000 in givebacks to members during its first year, but do CUs get any real value from returning that much money to their membership?

The rising regional player has also appointed new chairs for four board committees as it prepares for the retirement of several long-serving directors.

The merger is expected to be completed by year-end, and the combined institution will have assets of more than $1.2 billion, serving more than 105,000 members.

In a world where confidence is rewarded more than indecision, businesses risk elevating confident leaders who overestimate their abilities. In banking, that can have harmful effects.

The company agreed to buy Commerce Bancshares, which has three branches in Boston.

First Savings Financial in Indiana and Dime Community in New York are keen on making more SBA loans as a way to diversify revenue and generate fees through loan sales.

Financial Institutions in western New York withdrew plans to raise $40 million.

Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more.

The credit union will partner with the YMCA of Northwest North Carolina on a two-year health and well-being research study funded by a grant from the Robert Wood Johnson Foundation.

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals.

Fifteen participants will be chosen for the two-year innovation curriculum.

Dakotas group elects new leadership, Altura promotes new chiefs and other new hires, promotions and appointments.