Corporate governance

Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased.

JPMorgan Chase increased Chief Executive Jamie Dimon’s compensation by 3.7% for last year as the bank’s stock advanced 31%.

The $9.9 million CU will retain its identity even as it becomes part of much larger organization.

Credit unions in Arizona and Texas recently topped major asset milestones – Hughes Federal Credit Union, Tucson, Ariz., said it surpassed $1 billion in total assets, while Texell Credit Union, Temple, Texas, now has more than $300 million in assets

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses.

The highly regarded and outspoken Richard Davis is a hard act to follow, but Andy Cecere, who will take over the successful Minneapolis company in a few months, is said to have the right blend of knowledge and judicious temperament for meeting the business challenges that lie ahead.

The Minneapolis company announced that Richard Davis will retire as CEO this spring. He will be succeeded by longtime deputy Andy Cecere.

While the rising interest rate environment has gotten a lot of attention, plenty of other factors will play a role in CUs’ financial fortunes in the year ahead, including a potential Dodd-Frank rollback, rising delinquencies and more.

This is the fourth merger for UNIFY within the last 12 months.

The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter.

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

HeritageWest and SouthWest Community CUs have both maintained their name and logo as divisions of Chartway FCU since they were acquired in 2010.

More than 420 FIs across the country offer Kasasa’s checking and savings account services.

Larry Mazza, MVB’s chief executive, joined the board at BillGO.

Housatonic Teachers will operate under its existing name as “a division of Nutmeg State Financial CU” for the duration of 2017.

There is optimism that consolidation could bounce back from a lackluster 2016 as bank stocks rally. At the same time, expectations of regulatory easing and tax reform could entice more banks to stay independent, at least in the short term.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

F.N.B., Iberiabank and Simmons First are among the banks entering new regions. A growing need for scale and increased use of technology are among the reasons for their aggressive moves.

Regions Financial in Birmingham has named José S. Suquet, the president and CEO at Pan-American Life Insurance in New Orleans, to its board of directors.