Content classifications

Two credit unions announce changes to their lending departments and other CU professionals in the news.

Cascade Bancorp in Bend, Ore., has named a new bank president and chief operating officer, as its chief executive hands over some of his leadership responsibilities.

The blockchain startup Digital Asset Holdings has added Sallie Krawcheck to its board.

The blockchain startup Digital Asset Holdings has added Sallie Krawcheck to its board.

Focusing on customer experience and building the best products will mean nothing to your company's bottom line if your bank fails to cultivate a positive culture.

A Malvern Bancorp director has resigned following a disagreement over one of the Paoli, Pa., company's clients.

Santander Consumer USA Holdings delayed the filing of its annual report Monday amid discussions with the Securities and Exchange Commission regarding unresolved accounting issues.

Goldsmith died Sunday of natural causes at his home in Beverly Hills, Calif., a City National spokeswoman said Monday.

Armada, a technology consulting firm in Tulsa, has hired as its president Frank McKeon, a former IBM executive who consulted with banks.

Benjamin Bochnowski will be named chief executive of both the holding company and the $865 million-asset Peoples Bank at the bank's April 28 annual meeting.

CU CEO is appointed to the Minneapolis Fed’s Advisory Council and other credit union professionals in the news.

Bankers in the Bakken Shale region of Montana and North Dakota are keeping an eye on exposure to hotels, apartments and retail space as economic slowdowns occur in energy-producing markets. Bankers in the Marcellus Shale region are also on alert, though there might be less exposure since that region had not yet had a development boom.

Western Union has promoted Jacqueline Molnar to chief compliance officer.

Poage Bankshares in Ashland, Ky., has promoted Thomas Burnette to chairman of the boards of the company and its Town Square Bank subsidiary.

Pacific Mercantile Bank in Costa Mesa, Calif., announced four executive promotions Friday.

Capital One Financial in McLean, Va., has added Amazon's former chief information security officer to its board of directors.

The former chief executive of a Georgia community bank that participated in the Troubled Asset Relief Program was sentenced to prison and fined $3.9 million for hiding the bank's past-due loans and committing other fraud.

Delinquencies are rising among the sector's less creditworthy borrowers, which is contributing to smaller returns for investors. This sets up the first major test for an industry that blossomed during a period of unusually low defaults.

Nearly 5,000 credit union advocates were in Washington this week for the Credit Union National Association’s Governmental Affairs Conference. Here’s a look at what they saw and heard in the nation’s capital.

The Independent Community Bankers of Minnesota said Jim Amundson will be its next president and chief executive.