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The Sarbanes-Oxley Act of 2002 is important, but it barely scratches the surface of former House Financial Services Committee Chairman Michael Oxley's impact on credit unions and banks.

KeyCorp in Cleveland will retain two First Niagara Financial Group executives after its acquisition of the Buffalo, N.Y., company closes.

Thomas O'Brien made good on a 2015 promise to turn a profit in every quarter. This year, his goal is to stay profitable to earn back a deferred-tax asset that should meaningfully increase the New Jersey company's valuation.

Mike Oxley, the former U.S. congressman who co-sponsored the landmark Sarbanes-Oxley Act requiring corporate executives to vouch for company financials in the wake of the Enron and WorldCom accounting scandals, has died, age 71.

Prime Meridian Holding in Tallahassee, Fla., has tapped a board member to serve as its new chief financial officer.

KeySavings Bank in Wisconsin Rapids, Wis., has promoted a vice president to chief executive.

Peggy J. Bosma-LaMascus, president and CEO of Patriot Federal Credit Union, announced that she will retire after a 34-year career at the credit union.

Cornerstone Credit Union League (CCUL) said its president and CEO Richard L. Ensweiler has advised the board of directors that he will retire, effective April 30, 2017.

Volunteer Corporate Credit Union names new CFO and COO, promotions at Veridian and other CU professionals in the news.

Cortland Bancorp in Cortland, Ohio, is set to add a pair of former bankers to its board.

The $1.3 billion-asset company said in a press release that CEO Stephen Wilson will retire at the end of the year.

The company badly missed Wall Street estimates in the third quarter, prompting management to ramp up plans to cut costs. Mariner Kemper, in a wide-ranging interview, discussed those challenges while also addressing key changes among his executive ranks.

Some lost their jobs while others made major missteps or faced serious challenges to their business plans. Here are the folks who had a rough 2015 and are looking forward to better times in 2016.

Ken Karels has guided the South Dakota company through an initial public offering and its first acquisition in three years. He is worth watching next year as ag lending comes under pressure and as Great Western continues hunting for acquisitions.

How can your company avoid missteps? By engaging with your shareholders in a constructive way. Dialogue between companies and shareholders — if approached in the right spirit — can yield valuable strategic insights and positively impact financial performance.

F&M Bank in Clarksville, Tenn., has named Tennessee banking veteran Brad Barrett to its board of directors.

After being elected to the Glendora City Council in March, Mendell Thompson, president and CEO of $303 million America’s Christian Credit Union, was able to make an immediate positive impact for local CUs.

Robert Chavez, president and CEO of Sandia Laboratory FCU, was appointed to the Federal Reserve Bank of Kansas City's Community Depository Institutions Advisory Council (CDIAC).

Middleburg Financial in Middleburg, Va., plans to record a $3 million impairment charge tied to a participation loan in which the borrower has been accused of fraud.

American Banker predicted these five community bankers would make news in 2015, and they did not disappoint. Some pursued M&A, one went public, and one even helped break up his bank.