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Raj Seshadri will join the company April 11 as president of U.S. issuers, MasterCard said in a Tuesday news release. She will also become a member of the management committee.

The American Association of CU Leagues names new CEO, CUNA focuses on “transformation” and other CU professionals in the news.

Several banks have recently purchased highly visible properties in strategically important markets, investing in real estate at a time when the industry is closing branches at a record pace. Low rates may be a factor, but many bankers are also trying to send a message to clients and prospects.

Clifton Bancorp in Clifton, N.J., said Friday that it has hired the former chief executive of a nearby rival as chief operating officer.

Banc of California in Irvine has promoted a back-office executive to become chief administrative officer.

What makes a true leader is particularly relevant to the banking industry, in which the leading institutions and key individuals are not always defined by asset size.

The former head of the FDIC has a longstanding interest in small-dollar consumer lending.

The Dallas-based subprime consumer lender backed off controversial changes to its method for calculating its quarterly provisions for loan losses, forcing it to revise earnings downward for the last two years. It also announced that it had found more accounting issues.

AmeriServ Financial in Johnstown, Pa., will record a first-quarter loss because an unnamed energy-sector client plans to liquidate under bankruptcy protection.

Apple Bank for Savings in Manhasset, N.Y., said Thursday that Chief Operating Officer Steven Bush is taking over as chairman, president and CEO from Alan Shamoon, who is retiring.

Bank of America appears to be retaining more deposits from recent branch sales, using technological advancements to keep customers despite the lack of a physical location.

First Data paid Chief Executive Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase CEO Jamie Dimon, received last year.

Two credit unions are beefing up their mortgage departments and more CU professionals in the news.

WASHINGTON – The American Association of Credit Union Leagues (AACUL) on Wednesday said it has hired credit union veteran Brad Miller as its new executive director.

Word that Hancock Holding in Mississippi would more than double its loan-loss allowance has triggered broader questions about how the oil slump could spread beyond the energy portfolios of a whole class of banks.

Former Oklahoma governor and American Bankers Association chief Frank Keating has been named a director of BancFirst in Oklahoma City.

In many cases, customers aren't staying with a bank's brand because they are satisfied. They are staying with the brand because it's too hard to leave.

A former staff attorney with New York's city government has been named the top lawyer for the New York State Department of Financial Services.

ESSA Bancorp in Stroudsburg, Pa., has a new chairman and two new independent directors.

Opus Bank in Irvine, Calif., has hired Jeffrey Zaks, a CIT Group banker, to lead its new media and entertainment lending group.