TACOMA, Wash. – Harborstone CU said Phil Jones, its president and chief operating officer was promoted to CEO, filling the void left by the retirement of long-time CEO Rick Schmidtke.
In Jones’ place Steve Crosby was promoted to senior vice president and chief operations officer of the $650 million credit union.
The current Harborstone was created by the 2005 merger of Twin County CU and Harborstone CU.
Advisors discussed how they guide clients through the competing priorities of saving for their own retirements versus their children's college educations.
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
Anxieties over AI drew attention from Democrats and Republicans during Treasury Secretary Scott Bessent's testimony at the House Financial Services Committee.
The high-cost consumer lender withdrew its applications to acquire Grasshopper Bancorp, saying the regulatory approval process for nonbanks lacks clear standards.
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
