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Following the scandal-tinged departure of CEO Renaud Laplanche, the company is contemplating drastic steps to restore the confidence of loan buyers. Scenarios that would have been far-fetched a short time ago such as diluting shareholders and funding loans off its own balance sheet are now under consideration.
May 17 -
Six years ago the family that controlled Home State Bancorp in Colorado said they were in it for the long haul. But, after a methodical review process tied to estate planning, family members decided to cash in their holdings.
May 17 -
Harmony Bank in Jackson, N.J., has exited the Small Business Lending Fund. The $ 295 million-asset company said in a press release Tuesday that it paid about $3.5 million to redeem roughly 3,500 shares of preferred stock.
May 17 -
The $125 billion-asset company said in a press release Tuesday that Kate Randall Danella will lead a team of private wealth management professionals providing banking, trust and investment management services to affluent and high-net-worth individuals and families.
May 17 -
Requiring the bank regulators to disclose the numerical grades they give for capital, assets and other factors would subject them to the same market discipline they demand for banks.
May 17
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The Summit FCU CEO Mike Vadala and Georgia CU Affiliates CEO Michael Mercer earn special awards and more CU advocates in the news.
May 17 -
Steve Streit founded the nation's largest prepaid card issuer and took it public during a long tenure as CEO. Now he's locked in a nasty fight to keep his job and defend his reputation.
May 13 -
The $1.6 billion-asset company said in a press release Thursday that Anders Tomson will succeed Ronald Bentley as its CEO at the end of the year.
May 12 -
The $7.5 billion CU announces Chief Executive Tom Dorety will retire at the end of 2016, and that a successor will likely be named in the fall.
May 12 -
BMO Harris Bank in Chicago has hired a former M&T Bank executive as its chief information officer.
May 12 -
Lots of announcements about the board of Chartway FCU's charitable arm and National Credit Union Foundation's Hyland joins Berenstain Bears Financial Literacy Advisory Board.
May 12 -
RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services announced Thursday that Jeff Napper has been elected chairman of its board of directors.
May 12 -
Guaranty Federal Bancshares in Springfield, Mo., has elected James Batten, a director of the company since 2006, as its next chairman.
May 12 -
Can't anybody get along for even five minutes? JPMorgan Chase's Jamie Dimon called community banking leader Cam Fine a "jerk" on cable television. Fine responded by blasting megabanks for their role in the financial crisis.
May 11 -
Seacoast Banking in Florida is facing pressure from CapGen, its biggest investor, to generate better returns or sell to a larger institution.
May 11 -
Xceed names new CFO, Sikorsky CU promotes new CIO and other credit union officers in the news.
May 10 -
A former cybersecurity expert with the National Security Agency joined the board of directors at Huntington Bancshares in Columbus, Ohio.
May 10 -
Enterprise Financial Services Corp. in Clayton, Mo., has named a prominent St. Louis private investor and entrepreneur as its next independent chairman.
May 6 -
National Capital Bank of Washington has a named Richard Anderson its new president and chief executive.
May 5 -
Banc of California bulked up quickly in the aftermath of the financial crisis, first through acquisitions and now with organic growth. CEO Steven Sugarman discusses how his bank manages its exposure while preparing to cross an important regulatory threshold.
May 5









