Americas

Mark Sander, who has been with the company since 2011, succeeded Michael Schudder, who remains chairman and CEO.

Valley National will reinvent itself as Vast Bank over the next few months. The move is part of an effort to attract younger customers.

A spike in charge-offs in the third quarter stoked concerns about commercial real estate exposure. Shares in the Arkansas company rose after it reported its fourth-quarter results.

Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

John Milleson, who has led the company for 20 years, will retire after his successor is in place.

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives.

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

The Indiana-based institution's distribution for 2018 was up more than 60 percent from the previous year.

Scott Rose, who will join the Texas institution in February, has worked in the credit union industry for more than 25 years.