Under pressure from regulators and investors, banks that tout their sales cultures may have no choice but to follow Wells' lead and stop rewarding branch employees for hitting sales targets.

First Midwest Bancorp in Itasca, Ill., has entered a sale-leaseback agreement with Oak Street Real Estate Capital in Chicago.

With prolonged low interest rates, Centric Bank is targeting niche groups while eyeing ways to poach customers from recent sellers in Pennsylvania.

Fifth Third Bancorp said Tuesday that it plans to close 44 branches, a cost-cutting move that follows its recent shutdown of more than 100 branches.

Camden National in Camden, Maine, is uniting its trust and bank units to form a wealth management division.

Comerica in Dallas has sent layoff notices to about 450 employees – nearly half of them in managerial roles – as part of a major cost-cutting initiative.

Hilltop Holdings in Dallas has promoted Alan White to share the chief executive role with Jeremy Ford.

New credit card accounts at JPMorgan Chase have grown by double digits thanks partly to its embrace of borrowers with lower FICO scores, but it sought to reassure investors that credit quality has suffered only slightly.

Cambridge Bancorp in Massachusetts has recruited two finance executives to spearhead its new asset-based lending practice.

The $222 billion-asset company has not yet publicly stated the number of branches or markets to be affected, but it "would be closing and consolidating some branches in early December," BB&T spokesman David White on Monday.

Customers Bancorp in Wyomissing, Pa., is seeking to raise as much as $133.5 million through two avenues: a newly announced preferred stock offering and previously announced secondary sales of common stock.

Years of branch closures and job cuts are paying off for banks in the form of much-improved efficiency ratios. But with low interest rates still crimping profits, banks remain under pressure to continue reducing expenses.

Groups in North Carolina, Pennsylvania and elsewhere are stepping up efforts to create programs and conferences dedicated to younger bankers, including millennials.

Heightened risk management standards and the "three lines of defense" are supposed to help banks ward off scandal, but they failed miserably.

The alleged practices at the heart of Well Fargo's settlement were fueled by a short-term incentive system that is detached from broader goals.

Canadian Imperial Bank of Commerce has made good on its promise to keep key PrivateBancorp executives.

Admitting he should have moved more quickly to retool management during a decade of explosive growth, First NBC Bank Chairman and Chief Executive Ashton Ryan Jr. announced several changes designed to improve the New Orleans company's governance practices.

Huntingdon Valley Bank in Pennsylvania has revived its plan for a mutual conversion.

F.N.B. Corp. in Pittsburgh has recruited an executive from the recently sold FirstMerit Bank to spearhead its data-security efforts.

Glen Burnie Bancorp in Glen Burnie, Md., has decided it can do without a chief operating officer.