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Wells Fargo executives received a host of questions Tuesday about the effect of rising interest rates on its deposits and other risk factors, but they said they cannot let uncertainty restrain their short-term actions and think some predictions about rates especially on Treasuries may be wrong.
July 14 -
Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.
July 14 -
Bank of America has named Jackie Yoon president of its St. Louis market, after Larry Otto left the job for the same position at U.S. Bancorp.
July 14 -
Comerica in Dallas has hired a leader for its commercial lending division after its vice chairman, who had led that segment, resigned.
July 14 - Missouri
Commerce Bancshares in Kansas City, Mo., reported higher second-quarter profit, citing the appreciation of inflation-protected securities and higher loan interest.
July 14 -
Larry Otto has jumped ship from the second-largest bank in St. Louis to the largest.
July 13 -
CUNA gets a new chief marketing and technology officer, Consumers CU announces promotions and more.
July 13 -
Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.
July 13 -
A dive into American Banker's photo vaults offers a view of the banking industry's movers and shakers at the height of their powers. Here's a look at prominent figures, from the CEOs who steered the megabank mergers of the late 1990s and the man who rescued Fannie Mae during a bout of insolvency in the early 1980s.
July 12 -
BB&T's top executives are set to get up to $2.6 million in bonuses if the Susquehanna deal goes well. While viewed as a good way to make sure the deal works out well, some analysts note that M&A already contributes to executive compensation when it boosts earnings per share and return metrics.
July 10 -
Pacific Continental in Eugene, Ore., has hired the former chief financial of Tower Financial in Indiana as its new CFO.
July 10 -
Home BancShares in Conway, Ark., has promoted an executive to chief financial officer after Randy Mayor retired.
July 9 -
First Midwest Bank in Itasca, Ill., has hired Michelle Hoskins as an executive vice president and chief of human resources.
July 9 -
Business First Bancshares in Baton Rouge, La., has promoted two executives to newly created roles.
July 9 -
Anita Young will be the $1.4 billion-asset First Foundation's director of specialty deposits and target cash management services at niche business clients.
July 9 -
S&T Bancorp in Indiana, Pa., has promoted Jim Mill to chief information officer. In the newly created position, Mill will oversee the $6 billion-asset company's technology infrastructure and maintain its progress in offering new products.
July 9 -
Deposit premiums could rise at 20% of banks with up to $10 billion in assets. Many of those banks could rethink asset concentrations that would trigger higher assessments.
July 9 -
Chemung Financial in Elmira, N.Y., has promoted Anders Tomson to president and chief operating officer. Tomson had been president of Chemung Financial's Capital Bank, the name the company uses in its Albany County and Saratoga County, N.Y., markets.
July 9 - Ohio
Kevin Kabat told the board of Fifth Third Bancorp that he intends to step down as CEO in November. Kabat, who had led the Cincinnati company since 2007, will remain executive vice chairman through next April.
July 8 -
Jane G. Watkins, president and chief executive officer of Virginia Credit Union, a $2.7-billion institution based in North Chesterfield, Va., said she plans to retire on March 31, 2016, after serving 33 years in various capacities.
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