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The Federal Reserve Board on Friday announced the appointment of a senior official at the Federal Reserve Bank of Chicago to lead the central bank’s efforts to improve the national payments system.

Former Wells Fargo Chief Executive Richard Kovacevich on Friday said that "regulation is killing small banks."

The Fed finalized a rule increasing an asset-size threshold that lets smaller banks finance deals with up to 75% in debt. That benefit, along with an exemption from Basel III capital rules, could prompt some bankers to second-guess short-term growth as they weigh their options.

Anthony Weagley is starting to leave his stamp on Malvern Bancorp in Paoli, Pa.

Mercantile Bank in Grand Rapids, Mich., has named a new chief executive for its bank unit as it overhauls its leadership in the wake of the retirement of its chairman.

Pacific Premier Bancorp in Irvine, Calif., has named Allen Nicholson chief financial officer.

Cheviot Financial in Cincinnati said that Chairman Robert L. “Bob” Thomas died unexpectedly on Saturday.

The $447 million-asset Inland Northwest said Russell Lee will take over as CEO on June 29.

Community banks had a banner first quarter, federal regulators said Wednesday — but it may come at a problematic time, politically speaking. The Quarterly Banking Profile may only deepen some lawmakers concern that small banks do not need regulatory relief if they are performing so well.

RALEIGH, N.C. — With NCUA mandating last year that all federally insured CUs with assets of $10 billion or more begin "stress tests" this year, State Employees' CU (SECU) here has published results of its own internal stress testing.

NAPERVILLE, Ill. — Illinois CU League president and CEO Sean Hession has stepped down from his position little more than one year after taking the helm.

The Federal Reserve’s ability to provide emergency lending to institutions in the event of a crisis must be eliminated in order to end “too big to fail,” said Richmond Fed President Jeffrey Lacker

Higher loan demand is helping banks and thrifts with $2 billion to $10 billion of assets improve their profitability. Of the 191 institutions that qualified for our mid-tier ranking this year, 40% posted a three-year average return on equity in the double digits, up from 34% in our previous ranking.

Exeter Financial has hired Freddie Mac executive Paige H. Wisdom to be its chief financial officer.

An obscure provision in the regulatory relief bill championed by Sen. Richard Shelby, R-Ala., is giving mutual holding companies hope that a threat to their business model will be eliminated.

Westbound Bank in Katy, Texas, has promoted Troy England, chief lending officer, to president.

Atlantic Coast Financial in Jacksonville, Fla., has named Tracy Keegan its full-time chief financial officer.

Several Puerto Rican banks are dealing with a sour participation to a major utility on the island. The creditor — like the Puerto Rican government — is barred from filing for bankruptcy, complicating matters for its lenders.

ALEXANDRIA, Va. — NCUA's Temporary Corporate Credit Union Stabilization Fund continues to improve, and if the current trend holds, credit unions can expect a nice payout — but not for another six years.

Promontory said Wednesday that it acquired FS Advisory from Date, who founded the consulting practice along with Fenway Summer in 2013 after leaving the Consumer Financial Protection Bureau as deputy director.