The Latest

What does a chief culture officer do? Though this is an uncommon title in banking, it is starting to pop up in more executive suites. Here’s why one bank sees the role as an important factor in its effort to excel.

Cutting-edge jobs — think chief innovation, strategy and data officers — are on the rise at banks and other lenders, and they are drawing free-thinking, tech-savvy candidates from inside and outside of financial services. American Banker asked several of them to recommend a book or other piece of writing that helped them tackle jobs that often were created from scratch.

U.S. Century Bank in Miami has been freed from a regulatory consent order that had restricted its activities for nearly five years.

The $189 million-asset credit union has asked approval from state and federal regulators to convert to a state-chartered mutual savings bank.

Zions Bancorp. in Salt Lake City reported increased quarterly earnings that reflected higher net interest income.

Hypur, a startup seeking to help banks serve businesses deemed high compliance risks (e.g. marijuana), has recruited a former Department of Justice lawyer to help build credibility. Its signature product: a payments platform to replace cash transactions.

CommonBond, an online lender that specializes in student loan refinancing, announced Monday that it has sold $150 million of bundled loans to investors.

KNOXVILLE, Tenn. — The inaugural TNMIC Conference took place here last week, drawing more than 80 credit union young professionals from across Tennessee, organizers said.