Content classifications

Trust for CUs elects new chairman and other CU professionals in the news.

HSBC has hired Anthony Glover, a veteran of JPMorgan Chase and American Express, to be its head of retail banking in the U.S., a newly created position.

Basel III could deal some serious blows to capital levels at First NBC Bank in New Orleans. The big question is how large will the issue become over the next two years.

Heather Cox, the chief executive of Citigroup's financial technology unit and a key executive behind the bank's early embrace of wearable technology for payments and other financial services, is headed to USAA, an institution with a military-heavy client base that relies on digital transactions.

The San Antonio-based bank announced Friday in a press release that it has named Cox its chief technology and digital officer, a newly created role that includes the oversight of information technology, digital strategy and operations, and experience design.

The $359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job.

Credit unions across the country are launching innovative ways to partner with their communities, reward excellence and benefit worth charities.

CNB Financial in Clearfield, Pa., has picked a veteran director to be its next chairman, the sixth in the company's 32-year history.

Many energy lenders are paring back exposure to the energy sector, creating opportunities for banks like First Horizon and Bank of the Ozarks.

A Federal Housing Finance Agency rule that will force some members of the Federal Home Loan Bank System out next year is likely to have a material effect on several of the cooperative institutions.

Robins Financial recognizes top employees and other CU professionals in the news.

Patriot National Bancorp in Stamford, Conn., is in the market for a new chief executive.

Lending margins are once again contracting thanks to a confluence of factors, and bankers are doing everything from shifting cash into higher-risk securities to reconfiguring branches to pad profits.

Enterprise Financial Services in Clayton, Mo., said Wednesday that it has promoted James Lally to president.

Mercantile Bank and Dime Community recently outlined plans for their CEOs' retirements, while Cullen/Frost made the transition earlier this year. Each transition is anchored in a belief that success hinges on turning day-to-day operations over to a trusted lieutenant.

New Jersey Community Bank in Freehold has exited a pair of regulatory orders. The $102 million-asset bank also said in a press release Tuesday that two siblings have resigned from its board.

The embattled firm is offering financial incentives in an effort to kick-start lending, but compliance-focused banks have been slow to respond.

Allegacy CEO earns local recognition, Tulsa adds new c-level leaders and more CU professionals in the news.

Lending Club announced the resignation of its chief financial officer while reporting an $81.4 million quarterly loss due largely to fallout from the scandal that rocked the firm in May.

By buying EverBank Financial, the insurance and retirement savings behemoth will gain billions of dollars in low-cost deposits and access to many new lending products that it can offer to millions of clients.