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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.

Capital One Financial is planning to beef up its mortgage lending and has hired industry veteran Desmond Smith to oversee the effort.

The Korean-American bank is looking to diversify its balance sheet and revenue streams before it hits $10 billion in assets. The commercially focused lender hopes such efforts will help it once more regulation kicks in.

Former Citigroup executive Deborah McWhinney has joined the board of IHS, a provider of information on markets and industries worldwide.

Benjamin Lawsky will step down next month as New York's top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world's biggest banks and collected billions of dollars in penalties by being the squeaky wheel in global bank settlements.

Wells Fargo has named Rohan Kalbag head of commercial banking for northern California. Kalbag was the sales manager for commercial banking in California, Oregon, and Washington for Wells.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

Shareholders of JPMorgan Chase voted in favor of Jamie Dimon keeping the chairman and chief executive roles. They likely fear Dimon would retire if stripped of one of the jobs.

More banks are steadily raising and reinstating cash dividends. Bankers say the increases reflect improving confidence with the economy, though some investors contend that higher payouts signal challenges deploying capital.

Polonia Bancorp in Huntingdon Valley, Pa., has hired Joseph Svetik as its president and chief executive. Svetik recently served as a director of JTNB Bancorp and, before that, had been president and CEO of ESSA Bancorp.

Each time Elavon, a payments-processing unit of U.S. Bancorp, launches a new product, its R&D lab steals a page from rock 'n' roll history to mark the occasion.

Dime Community and Flushing Financial are selling real estate in the borough, taking advantage of rising real estate prices. The banks are using process to reinvest in branches and technology.

First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.

The Federal Accounting Standards Board (FASB) has indicated it plans to make changes to how financial institutions calculate allowances for loan loss reserves, moving from an incurred loss model to an expected loss model.