Americas

A recent survey found that a vast majority of bankers expect lawmakers to make only moderate changes to existing industry regulation.

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in Southern California.

The New York Credit Union Association hailed the rule change for increasing parity with other institutions in the state.

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity.

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

Charlie Scharf, the former chief executive officer of Visa Inc., was named chairman of the New York City Ballet, the largest dance organization in the U.S.

The company will sell five branches in Wisconsin to an unnamed buyer. It also plans to close two locations.

Dean Odle takes over for Robin Lentz, who retired after 37 years at the helm.

EVP Randy Beck, an employee at Royal CU for more than 40 years, will put his retirement on hold to lead the credit union during the search for a permanent CEO.

First Commonwealth in Pennsylvania is turning to a third party’s specialized software as the CECL standard makes forecasting credit losses more complicated. Other banks could follow.