Americas

The Alabama bank has named former power company executive Charles McCrary chairman instead of giving the job to new CEO John Turner.

Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015.

Pennsylvania-based institution will give back $600,000 to members next month.

The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.

The California congresswoman would be the first woman and first African-American to lead the committee.

Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

Uniti Financial focuses on the Korean-American community through three offices around Los Angeles.