Content classifications

Prudential Bancorp in Philadelphia has a new chief executive.

The $69 billion-asset company in Dallas said in a press release Tuesday that Karen Parkhill resigned on Friday to "pursue other opportunities." Parkhill, who had also been the company's vice chairman, had been with Comerica since 2011.

At least one banker has gone public with expectations that the OCC will force his institution to hold more capital. More could soon follow.

The Federal Financial Institutions Examination Council (FFIEC) announced the appointment of Edward “Joe” Face to the Council’s State Liaison Committee (SLC).

Some buyers are hanging in there, but as OnDeck Capital's disappointing first-quarter results show, investors who acquire and securitize marketplace loans are heading for hills. Among the reasons: fear of defaults, unfavorable pricing and shrinking loan yields.

The Illinois Credit Union League (ICUL) said its former president and CEO, Dan Plauda, passed away over the weekend.

Veridian names a new team leader, new directors tapped at Ent and Wright Patt and more CU professionals in the news.

As banks nationwide trim their branch personnel, they must also make sure the remaining staff in their brick-and-mortar stores know what they are doing.

OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year.

Amalgamated Bank in New York has started offering down payment insurance to homebuyers in a move it hopes will set it apart with highly mobile millennial borrowers.

Christopher Cline, a former Wells Fargo executive, has joined the management of a community bank in Vancouver, Wash., to help it build up its wealth management business.

Search for successor to long-time – and outspoken – leader of State Employees' Credit Union should be completed no later than first quarter of 2017, according to chairman of the board.

JPMorgan Chase shareholders should support a proposal to consider an independent chairman, proxy adviser Glass Lewis & Co. said.

Royal Bank of Canada named Jefferies Group's Michael Armstrong as head of its U.S. wealth-management business.

Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.

A group of employees recently formed an organization designed to help the North Carolina company increase its appeal with Asian workers and customers.

The Bancorp in Wilmington, Del., swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

Redwood CU and Charter Oak FCU boards both re-elect three and more C-suite maneuverings.

CIT's bread-and-butter business — commercial banking — weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?