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Crossroads Bank in Effingham, Ill., has selected Michael Defend as its new chief executive. Defend, who will also serve as president, will step into his new role at the beginning of next year.
October 20 -
Loan-loss provisions are trending up, partly due to an increase in overall lending but also because lenders are concerned about future losses on loans tied to the energy and manufacturing sectors.
October 20 -
Foundation Bancorp in Bellevue, Wash., is searching for a new chief executive. The company said in a press release Tuesday that Diane Dewbrey resigned a day earlier "to pursue other interests."
October 20 -
Deutsche Bank has appointed Kim Hammonds to its management board and promoted her to chief operating officer.
October 20 -
Signature Bank in New York reported higher profit in the third quarter, as loan growth offset issues in its taxi medallion portfolio.
October 20 -
There was a time when IT was seen strictly as a support function. Today, it is so interwoven into nearly every aspect of running a credit union, that its increasingly common to see a stint in the server room on the resume of the person who is now running the whole operation from the corner office.
October 20 - Ohio
Fifth Third Bancorp in Cincinnati reported a higher third-quarter profit, although the restructuring of a commercial credit cut into the results.
October 20 -
Synovus Financial in Columbus, Ga., reported higher quarterly earnings that reflected an increase in fee income and cost control.
October 20 -
Bank of New York Mellon, the worlds second-largest custody bank, reported a third-quarter profit that beat analysts estimates as the company cut expenses to offset the impact of lower interest rates.
October 20 -
Regions Financial in Birmingham, Ala., reported gains in loans and overall revenues in the third quarter, but its net income declined from the same period last year due to increases in its premium for federal deposit insurance and provision for loan losses.
October 20 -
The online lender Enova International has hired an ex-HSBC executive as its chief operating officer.
October 20 -
Merger-related expenses took a nearly $6 million bite out of third-quarter earnings at Wintrust Financial in Rosemont, Ill., but its chief executive predicted several recently completed deals will pay off sooner than anticipated.
October 19 - Utah
Zions Bancorp. in Salt Lake City posted stronger third-quarter earnings from lower costs and higher fee income. The $58.4 billion-asset company said in a press release Monday that its earnings rose 6% from a year earlier, to $84.2 million, or 41 cents a share.
October 19 -
M&T Bank in Buffalo, N.Y., reported a higher third-quarter profit as improved net interest income offset declines in trust services, deposit-account fees and mortgage banking.
October 19 -
Western Alliance Bancorp. in Phoenix posted a big increase in third-quarter profit, its first earnings statement after the acquisition of Bridge Bank.
October 19 -
Dollar Bank in Pittsburgh has named James McQuade its CEO-in-waiting. McQuade will succeed Robert Oeler on Nov. 1 as president of the $7.2 billion-asset mutual thrift, and then will become CEO some time next year, when Oeler retires from that position.
October 19 -
Morgan Stanley reported profit that missed analysts estimates as fixed-income trading revenue tumbled and investment-management fees dropped by more than half on an Asian private-equity loss.
October 19 -
Communities First Financial in Fresno, Calif., has a new chief executive.
October 16 -
Investar Holding in Baton Rouge, La., has made a series of changes to its executive ranks.
October 16 -
Acquisitions would seem to be a logical course of action for regional banks struggling to cut costs and boost revenues in the low interest rate environment, but some bank chief executives are less open to the idea than others as comments by the heads of First Horizon and SunTrust demonstrate.
October 16





