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SRP FCU in North Augusta, S.C., named an executive from one of the nation's largest credit unions as its next president and chief executive.

Wells Fargo has hired Kristi Mitchem, formerly of State Street, to be the president and chief executive of its asset management division.

Farmers Bank in Frankfort, Ind., has named a new chief executive, after its previous leader died of cancer.

The National Credit Union Administration (NCUA) announced it has selected Cherie Freed to become regional director of the agency’s Region V office in Tempe, Ariz.

Richard Krauland will retire later this year as chief executive of NexTier Bank in Butler, Pa., after leading the institution through two mergers and name changes.

Summit State Bank in Santa Rosa, Calif., has a new chief executive.

Ascend CEO appointed to the FRB-Atlanta Advisory Council and other CU advocates in the news.

An improvement in fees collected for trust and investment services at Northern Trust contributed to an increase in first-quarter profit.

Community banks are at a crossroads as they face a threat from alternative lenders and the need to stay true to the traditional bank model. What they should do?

Synovus Financial in Columbus, Ga., reported lower quarterly earnings as salaries and personnel expenses increased.

Comerica reported a steep decline in first-quarter profits as weak energy prices forced the Dallas company to sharply boost its reserves for loan losses.

Wintrust Financial in Rosemont, Ill., in the first quarter reaped the benefits of several M&A deals that it completed last year.

M&T is squeezing savings out of its newly purchased Hudson City Bancorp after fighting long and hard for regulatory approval. But it's also taking steps to keep Hudson City's customers from leaving, like offering higher rates on CDs in the New Jersey area.

Since replacing Kevin Kabat in November, Greg Carmichael has said that the Cincinnati company needs to invest more heavily in technology and compliance now in order to boost profits and improve efficiency down the road. But investors worry that expenses will grow faster than revenues and further squeeze margins.

Bank Leumi USA has hired two bankers from Citigroup, Elsa Burton and Craig Warden, to help lead its operations in Los Angeles.

All the noise over the impact of the Current Expected Loss Model is paralyzing bankers from taking reasonable and practical steps to prepare for the new accounting standard.

M&T Bank in Buffalo, N.Y., for the first time was able to report a full-quarter impact from its acquisition of Hudson City Bancorp, which took about three and a half years to complete because of regulatory challenges.

The Memphis, Tenn., company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet.

A behind-the-scenes credit union veteran will go from being NCUA Chairman Debbie Matz’ right-hand man to serving in a similar position for Pentagon FCU CEO James Schenck.

United Community Financial in Youngstown, Ohio, has hired a JPMorgan Chase executive to be in charge of its technology.