Retail & Commercial

Carl Chaney says his relocation recognizes that the Big Easy is a major part of the Gulfport, Miss., company's growth strategy.

B of A and other lenders are scheduled to auction the Music City's symphony hall in two weeks unless they can work out a deal with officials of the struggling organization.

CenterState Banks in Winter Haven, Fla., has hired a chief strategy officer from a California lender.

The Consumer Financial Protection Bureau has released a report in which it found widespread misuse of overdraft fees among banks. Agency acting director Richard Cordray warned of potential harm to consumers and indicated that action is likely. American Banker editors discuss what the CFPB found how it's likely to respond in a market worth $32 billion in revenues to the banking industry.

The Fed’s research raises more questions than it answers, among them: Is the researcher right when he says the great bankers he interviewed could run a bank successfully anywhere, anytime?

Debt buyer Portfolio Recovery Associates (PRA), based in Norfolk, Va., reported Tuesday that its board approved a three-for-one-stock split by way of a dividend. The split is the first stock split in this manner since the company's initial public offering in 2002.

Discover Financial Services' arrangement to facilitate in-store PayPal transactions across its network stands to serve as the biggest expansion of its ongoing strategy to serve as a multifaceted utility throughout the payments ecosystem.

Texas Capital Bancshares (TCBI) in Dallas has announced its CEO succession plan. Keith Cargill, 60, will become president and chief executive of the $10 billion-asset company when current chief George Jones, 69, retires at yearend.

Maria Teresa Tejada will join the $89 billion-asset company on Aug. 12, it said Tuesday. She succeeds William Hartmann, who was promoted to chief risk officer last July, a KeyCorp spokeswoman said.

Eastern Virginia Bankshares (EVBS) in Tappahannock has extended the deadline for a pending rights offering.