Succession planning

Tim Sloan couldn't hang on any longer. Here are insights about why he left now, what role policymakers played in the decision and will continue to have in the company's future, and who in the world would want to lead Wells Fargo.

The embattled executive says the nation’s fourth-largest bank “will benefit from a new CEO and fresh perspectives."

Credit unions have hired and promoted executives in member business lending, relationship management and more.

Andy Reed, who currently leads Texas People Federal Credit Union, will become president and CEO of the Dallas-based institution in May.

James Mears has served as COO of the Newport News, Va.-based institution for 15 years.

Karen Duffy, the veteran leader of the Massachusetts-based CU, will retire on Aug. 31.

Alan Bergstrom previously served as chief marketing officer for a Wisconsin credit union before taking over at Exclamation Services.

Wells Fargo said Chief Executive Tim Sloan has the full support of its board following a report that directors had reached out to Goldman Sachs' former chief financial officer for his job.

Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution.

Christopher Becker will succeed Michael Vittorio in January.

Credit unions are changing up personnel in operations, finance, lending and more.

Gene Novello will take over at the Crown Point, Ind.-based institution when Mike Hussey retires later this year.

Joseph Nowland will take over at the Jacksonville, Fla.-based institution after Gerri Sexsion retires later this month.

Barbara Vitolo will leave Wyrope Williamsport Federal Credit Union this summer once a successor is in place.

Credit unions have recently announced promotions and hires in areas such as human resources, commercial lending and information technology.

A potential succession and a transfer of power in family leadership are among the key recent executive moves in banking.

Inclusiv had two members named to the African-American Credit Union Coalition Hall of Fame while credit unions and others in the industry announced new hires and promotions.

Ronald McLean, who is chief engagement officer at the New York Credit Union Association, will take over at CCUA next month.

Cindy Dickey has taken over as CEO at the West Virginia-based institution while several other changes were made to the management team.

Franklin Financial, which was recently freed from a memorandum of understanding, has installed interim leaders after its founding CEO's retirement and his son's resignation.