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Activity at credit unions has been on the rise since the Bank Transfer Day movement in November 2011. It remains to be seen, however, if credit unions can succeed at keeping many of those relationships.

Promontory Financial Group has hired former Citigroup and Bank of America executive Eugene McQuade.

Prudential Bancorp in Philadelphia has named Anthony Migliorino to the newly created job of chief operating officer.

Texas Dow Employees and Maine Savings promote new chief officers and other CU professionals in the news.

The third quarter ends in two weeks, and top executives at Citigroup, Wells Fargo, and two regional banks are raising concerns about cost pressures, impediments to revenue growth and heightened lending risks.

The $2 billion-asset company said in a press release Wednesday that Douglas Glenn resigned as president and chief executive. Glenn, who was 48 as of the company's April 27 proxy, also resigned as a director. He had been the chief executive since August 2011.

A Federal Reserve decision is expected soon on M&T's long-delayed application to buy Hudson City Bancorp. M&T would still get strategic benefits it sought, but Hudson City has shrunk and become less profitable since it agreed to sell three years ago, and the cost of the deal has risen.

It remains unclear if a new platform from the Chicago Board Options Exchange will provide enough incentives and safeguards to prompt community banks to switch from using the existing federal funds system.

Baker Boyer National Bank in Walla Walla, Wash., has tapped president Mark Kajita as its new chief executive.

Sitting down with American Banker, incoming American Bankers Association CEO Rob Nichols discussed the need for industry unity, banking's convergence with the technology sector and the regulatory relief fight, among other issues.

Showcasing the artistic talents of people with disabilities and other things CUs are doing in their communities.

Citizens Financial Group in Providence, R.I., has named Christine Cumming, a former Federal Reserve Bank of New York executive, to its board.

The California Department of Business Oversight, which regulates financial services and products, has promoted Debie Abella to head of bank regulation and supervision.

Umpqua Holdings in Portland, Ore., said Luanne Calvert, chief marketing officer at Virgin America, will join its board on Sept. 25.

Banks are closing branches and relying more heavily on technology to serve customers. Concerns that online and mobile banking don't reach all customers could leave banks open to allegations of discrimination.

BATON ROUGE — After more than 34 years at the credit union, Neighbors FCU President and CEO Kathi Gill has announced that she will retire on December 31, 2015.

Katie Pemble quit on Friday, the $1.7 billion-asset company said in a press release. C1 did not give a reason for Pemble's departure and did not disclose a plan for filling her posts.

Associated Banc-Corp in Green Bay, Wis., has promoted a longtime executive to Milwaukee market president.

Loan-to-value ratios in commercial real estate lending have returned to their levels from the bubble days, Moody's says. Loss-rates look good for now, but trouble could be coming.

MUFG Americas Holdings in New York has hired Donna Dellosso as chief risk officer for Union Bank and for its other operations in the Americas.