CHARLESTON, W.Va. – West Virginia FCU said yesterday it hired Nick Arvon, president of Charleston Area Medical Center FCU, as president and CEO of the $166 million credit union.
Arvon succeeds Wally Preston, who is retiring after 33 years. Preston will remain active as treasurer on West Virginia FCU’s board.
Arvon has been CEO of $53 million CAMC FCU for the past 13 years. Before that he worked in management positions at the accounting firms of Arnett & Foster and Ernst and Young.
To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
