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PacWest Bancorp in Los Angeles announced Tuesday that Chief Financial Officer Victor Santoro plans to retire from the post this summer and West Coast banking veteran Patrick Rusnak will succeed him in that role.

Wells Fargo & Co., the most valuable U.S. bank, said low interest rates pushed first-quarter lending margins below 3 percent for the first time since the 1990s.

Sound Financial Bancorp in Seattle has selected a former Fannie Mae executive to join its board.

JPMorgan Chase & Co., the biggest U.S. bank, said first-quarter profit climbed 12 percent on rising revenue from fixed-income trading.

Commerce Bancshares in Kansas City, Mo., said Monday that first-quarter profits fell 5% from a year earlier, to $61.1 million, as net interest income fell and expenses rose.

Local governments have historically relied on selling bonds to finance operations. But low interest rates and the rising costs of taking bond issues public are making traditional loans a more tempting option.

Citigroup has named Stephen Bird, chief executive of its Asia-Pacific division, to head its global consumer bank as part of a broader shuffling of executives.

BIRMINGHAM, Ala. — Shared branching network CU Service Centers of Alabama is set to return $147,000 in patronage rebates and dividends, the fourth consecutive year it has done so.

A new study reveals the pace of credit unions failures and closures has gone down since the beginning of 2014, and the report's author says it's a sign of a healthier CU industry.

Synovus Financial in Columbus, Ga., has a new chief executive for its Tallahassee State Bank: Matt Brown, who had been a market president at Centennial Bank.

The Western Independent Bankers, a San Francisco industry group, has a new president and chief executive.

Citigroup's head of franchise risk and strategy, Brian Leach, will retire on May 1, according to memos sent to Citi employees Thursday from him and company chief executive Michael Corbat.

Mitsubishi UFJ Financial Group, in a major break with tradition, has tapped a former UBS Group executive as its first non-Japanese president and chief executive for its American division.

Community First Bank in Seneca, S.C., has overhauled its executive management team, including naming new chief executive, financial and credit officers.

Regions Bank in Birmingham, Ala., has hired a former SunTrust Banks executive to join its wealth management group.

WATFORD CITY, N.D. — Several years into the oil boom in Western North Dakota, two credit unions say that for all the growth they've seen, there's no escaping a very real people problem.

As the largest banks get set to report their first-quarter earnings, investors and analysts will be looking for clarity on developments from the last three months. Here are the key storylines for each major bank.

Novantas, a New York-based bank advisory firm, has hired the former head of analytics for Bank of America.

First-quarter earnings calls will rev up in the next week. Here are some community banks that could have a lot to say about M&A, compliance and cost cutting.

Grayson Hall, chief executive at Regions Financial in Birmingham, Ala., will serve as the private sector chairman for the Southeast U.S.-Japan Association's joint forum.