Retail & Commercial

The Motor City's heyday as a financial center has long since passed, though echoes of Detroit's fiscal prominence remain in the shape of its skyline. And there is hope for revival as Ally Financial and Fifth Third make major moves downtown. Here is a look at the city's financial powerhouses over the years.

Community bank CEOs truly stand out from the crowd when they possess a contagious enthusiasm that motivates sales teams, a discerning approach to hiring and an insatiable desire to innovate.

Coastal Banking in Beaufort, S.C., has promoted the head of its mortgage banking division to president of CBC National Bank.

Farmers Capital Bank in Frankfort, Ky., has completed the redemption of its Troubled Asset Relief program preferred shares for about $10.1 million.

Evangelist Franklin Graham said he will close his ministries' accounts at Wells Fargo after the bank ran advertisements featuring a lesbian couple, the Charlotte Observer reported.

The harsh capital treatment of Trups holdings under Basel III undoes the regulatory relief already extended to community banks that had invested in the securities.

Egypt's Commercial International Bank agreed to acquire Citibank Egypt's retail unit as the U.S. bank withdraws from less profitable emerging-market businesses.

The sheriff of Wall Street is moving on — much to the elation of the financial services sector. Benjamin Lawsky, superintendent of the New York Department of Financial Services, is departing from his position this June. But he is likely to leave a lasting impression on the culture and mission of the department.

Hanmi Financial in Los Angeles has hired a former executive at Opus Bank to fill a newly created strategy post.

Four Oaks Fincorp in Four Oaks, N.C., will soon have a new chief executive.