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To brace for stress in the energy sector, Cullen/Frost Bankers in San Antonio, Texas, recently boosted its reserves on oil-related loans to 3% while competitors like Hancock Holding and Wells Fargo have set even higher reserve levels. "The mix of loans is very different," says Dick Evans, chairman and CEO of the Texas bank.
February 23 -
JPMorgan Chase said it would need to boost reserves for impaired energy loans by $1.5 billion if oil prices hold at about $25 a barrel over 18 months.
February 23 -
UBS executive Rosemary Berkery has returned to the Swiss company's U.S. operations after a medical leave.
February 22 -
Texas Capital Bancshares in Dallas has named TSYS Chief Information Officer Patty Watson to its board.
February 22 -
Patricia Watson joined the board of the $19 billion-asset Texas Capital on Friday. Watson has been chief information officer at TSYS, a payments processor based in Columbus, Ga., since September.
February 22 -
OnDeck Capital in New York reported a $5.1 million loss in the fourth quarter as revenue failed to keep pace with rising expenses.
February 22 -
When Andrew Samuel joined Sunshine Bancorp in 2014, it had a casual culture where growth wasn't a big focus. Less than two years later, he has turned the company into a commercial bank with growth and acquisitions firmly in its future.
February 22 -
HSBC Holdings posted an unexpected fourth-quarter loss, its first since at least 2009, as revenue dropped and loans to oil and gas companies drove a jump in impairment charges.
February 22 -
Silver State Schools Credit Union on Friday said Andrew Hunter, who has served as its president and CEO since July 2011, will retire on April 4, and will be succeeded by Scott Arkills.
February 22 -
Industry pundits have been predicting the demise of the branch since the dawn of online account access 20 years ago, but digital services haven't replaced branches. They have just increased the contact banks have with their customers. That's won't change anytime soon.
February 22
FMSI | A Kronos Company -
Bridgewater Savings Bank in Raynham, Mass., said that its chief executive, James Lively, will retire on Dec. 5 and that Peter Dello Russo, its president and chief operating officer, will succeed him.
February 19 -
Malvern Bancorp in Paoli, Pa., has named Howard Kent chairman of the company and of the $727 million-asset Malvern Federal Savings Bank.
February 19 -
Fauquier Bankshares in Warrenton, Va., has named a North Carolina community banker as its new chief executive.
February 19 -
Barclays' investment bank chief, Tom King, plans to retire as soon as next month, said people with knowledge of the plans.
February 19 -
First Sound Bank in Seattle has recruited chief financial and administrative officers from rival banks.
February 18 -
Freedom Bank of Virginia in Fairfax has named to its board a consultant to a fund that recently invested in the bank.
February 18 -
Sanford "Sandy" Weill, the former head of Citigroup, has stepped down as chairman of Hamilton Insurance Group in Bermuda.
February 17 -
Whitefish Credit Union business lending office announces four moves, Pennsylvania CU Foundation board news and more.
February 17 -
Glen Burnie Bancorp in Maryland has appointed a successor to its outgoing president and chief executive.
February 16 - Arizona
Comerica in Dallas retroactively cut its fourth-quarter profit by $14 million after discovering that a single borrower an Arizona company the bank did not identify was unlikely to repay its loan.
February 16





