Succession planning

Brad Calhoun, the former chief retail and marketing officer at First Tech FCU in Oregon, will replace Robert Allen, who is retiring from Teachers.

A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.

The bank dropped out of the bidding for the card over profitability fears; returning to the market could boost Barclays' investment bank.

Dion Williams, former CEO of Del-One Credit Union, is returning to his native North Carolina to take over for Judy Tharp, who recently retired.

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

Credit unions have announced new hires and promotions in areas such as human resources, business development and digital delivery.

The Alabama-based CU will continue to look for a permanent replacement for longtime CEO, who is retiring in June.

The 72% backing was the lowest approval rate for the resolution since 2015. An advisory firm criticized the bank's policy as too subjective.

H. Greg McClellan, who has been president and CEO of the Montgomery, Ala.-based institution since 2005, will retire next month.

Kerry Parker plans to retire from the Austin, Texas-based institution next month.