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Farley led the Virginia league for more than 30 years

The focus of banks' sales practices should be less about unit-based incentives, and more about developing a full relationship with customers and doing what's in their best interest.

WASHINGTON – Gary Cohn, president and chief operating officer at Goldman Sachs, has been offered the job of director of the National Economic Council in the Trump administration, several news outlets reported Friday.

AltaPacific Bancorp in Santa Rosa, Calif., has promoted its chief operating officer an even bigger role.

Biometric authentication company Veridium has named a former fintech executive from HSBC as its new CEO.

Allegiance Bancshares in Houston has recruited a new chief financial officer.

Jamie Dimon, chairman and CEO of JPMorgan Chase, on Wednesday was named chairman of the Business Roundtable, further cementing himself as a key intermediary between the incoming Trump administration and the business community.

The American Bankers Association has filed a lawsuit against the National Credit Union Administration, arguing that the regulator's new field-of-membership rule go too far.

Citigroup in early December added its 1 millionth new customer to the Costco card portfolio it acquired earlier this year.

Pacific Financial in Aberdeen, Wash., is looking for a new chief credit officer.

U.S. Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.

Old National Bancorp in Evansville, Ind., has shuffled its corporate finance department, promoting four executives to new or expanded roles.

Texas Capital Bancshares in Dallas has snagged a BBVA Compass banker and promoted two of its own executives.

Santander Consumer USA Holdings in Dallas has named a former president of Ally Financial and a former Treasury Department official to its board.

Veridian CU makes changes to its commercial lending lineup and other credit union professionals in the news.

Wells Fargo's retail bank trends in November were probably similar to those in the previous month, CEO Tim Sloan said Tuesday at an investor conference in New York.

JPMorgan Chase's new Sapphire Reserve credit card will reduce the bank’s profit by $200 million to $300 million in the fourth quarter, according to CEO Jamie Dimon.

Evergreen Credit Union, a $258 million institution based in Portland, Maine, has named Jason Lindstrom as its new president and CEO, succeeding interim CEO Tim Verreault.

Eugene Szymczak, president and CEO at Wisconsin-based Educators CU, unexpectedly died in his sleep on Dec. 4. He was 67 years old.

Plaza Bank in Seattle has promoted its chief lending officer to become CEO. The $65 million-asset bank said in a press release Monday that Michael Anderson also succeeded Michael Clabby as president on Nov. 23.