Branch banking

In the wake of the economic crisis, Paul Volcker called automated teller machines the last financial innovation that improved society. A decade later, their popularity is slipping.

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.

The new capital will allow the Austin bank to increase its lending limit.

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.

The Honolulu-based credit union said its earnings dropped by more than 37% from a year earlier.

Online banking and self-service options for customers free branch workers to focus on business development. Employees will need to step up to the challenge or they'll be left out.

Hudson Valley Federal Credit Union wants to eventually add eight counties to the four it currently serves.

As part of the continuing rebuilding effort in Puerto Rico after Hurricane Maria, Banco Popular's nonprofit foundation has several startups working out of its main location in San Juan. For Camille Burckhart, it is part of a mission to help the island get back to normal.