Americas

David Kemper is set to hand the reins over to his son, John, this summer.

CFO Steve Stone has been elevated to the chief executive position following the retirement of CEO Victor Quint.

Rob Paterson didn't seem to fit the script of a go-to banker for the pot industry — he barely drank and hadn't smoked a joint since his university days. But three years since taking on his first marijuana customer, that's just what the CEO of Alterna Savings & Credit Union has become.

The $70 million-asset credit union is scheduled for conversion by the end of this year.

The state’s banking regulator said that the online consumer lender made over 46,000 small loans to Bay State consumers without a license. The company surrendered its license to the state regulator as part of a 2011 consent order.

Jimmy Tallent, who will become the Georgia company's executive chairman, will be succeeded by Lynn Harton.

Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers.

After 32 years of service – 20 as CEO – the credit union veteran will step down at the $1.2 billion-asset institution.

A court agreed with HomeStreet that Blue Lion Capital failed to comply with the company's advance-notice bylaw when it submitted director nominations and shareholder proposals.

Until the technologies provide significant savings, cryptotokens threaten financial stability, and the risks of open access to central bank balance sheets are worked out, retail CBDCs are a long way off, writes Collin Canright, a fintech consultant.