CORNING, N.Y. – Corning CU said it has promoted Gary Grinnell, its president and chief operating officer, to the post of CEO. Grinnell will succeed Anne Crowley, who is retiring and will continue on as a consultant. Grinnell has been with the $1 billion credit union since 1997, serving in the credit union’s senior management team since 1999.
A critical U.S. cybersecurity law sunsets Sept. 30, and banks say losing it would weaken defenses against hackers.
The megabank will continue its international retail strategy by opening business in Germany next year, starting by offering savings accounts to consumers.
The Consumer Financial Protection Bureau has released a packed agenda centered on rewriting rules ranging from small business lending to open banking while rescinding several rules finalized under the Biden Administration last year.
A cohort of U.K.-based fintech founders are fundraising to launch a digital bank for high net worth individuals, known internally as "Project Arnaud."
Equity Bancshares is expanding into Nebraska with the proposed acquisition of Omaha-based Frontier Holdings; Valley National Bancorp taps Patrick Smith as its new president of consumer banking; Northern Trust in Chicago promoted Michael Hunstad to president of asset management; and more in this week's banking news roundup.
Jeffrey Stanley and Mark Paverman have been charged with mismanaging Synapse Brokerage accounts and failing to preserve emails and instant messages, among other things.
