Younger and more diverse leaders may better represent the local community. But bringing new people into the board room requires persistent and targeted outreach.

As regulators mull the Toronto bank's deal for First Horizon and broader guidelines around bank combinations, community groups called for stronger investment commitments from the two banks before they are allowed to merge. 

A recent announcement from the CFPB makes clear that the agency expects banks to adopt multifactor authentication, password management and security patching.

After enabling used-car sales with The Clearing House's RTP rail, the bank has implemented the same technology for real-time funding of vehicle loans.

The seller, Farmers Bankshares, has $609 million of assets and eight branches.

BOK Financial, based in Oklahoma, has tapped Mark Wade to become CEO of the Bank of Texas next year. The current chief, Norm Bagwell, will take a part-time role.