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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.

Three fund managers and two advisory firms have soured on PrivateBancorp's planned sale to CIBC, raising the possibility that investors could nix the deal. What would happen next is anyone's guess.

Nearly a decade after he was forced to resign as CEO of Commerce Bank in Cherry Hill, N.J., the retail banking innovator was named chairman at Republic First Bancorp, which has adopted many of Commerce's practices.

Honoring veterans, expanding branch networks, recognizing young scholars and more.

Ben Carson accepted Donald Trump's offer to lead the U.S. Department of Housing and Urban Development, according to a statement from the president-elect's transition office Monday.

Ben Carson accepted Donald Trump's offer to lead the U.S. Department of Housing and Urban Development, according to a statement from the president-elect's transition office Monday.

New chief executive Angela Head formerly served as the credit union’s chief operating officer.

When Frank was appointed CEO in 1999, she was the first woman to lead a credit union with assets of $1 billion or more.

Wells Fargo is making an exception to its retirement policy for its longtime general counsel, who plans to remain with the company indefinitely to deal with the fallout of the fake-accounts scandal.

Bank of New York Mellon has named two women executives from the energy and technology sectors to its board.

Municipal CU in New York announces a bevy of promotions and more credit union professionals in the news.

Needham Bank in Massachusetts has hired a banking veteran as its next chief executive.

TriCo Bancshares in Chico, Calif., has hired a Wintrust Financial executive as its chief operating officer.

Anthony Labozzetta, CEO of Sussex Bancorp in New Jersey, isn't afraid of change. His unusual approach to banking helped Sussex emerge from the financial crisis with momentum. Now he's building a branch model that could serve as a blueprint for growth-minded banks.

CIT Group in Livingston, N.J., has promoted Steve Solk to president of consumer banking in California.

TruStone’s Bosiacki named CEO of the Month and other CU professionals in the news.

Post-crisis regulations were not only costly but may have undermined executive accountability by turning CEOs into compliance managers instead of drivers of business decisions.