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Citigroup Inc. said Manuel Medina-Mora, the bank's co-president and head of global consumer banking, will retire on June 1.

Fannie Mae reported net income of $14.2 billion last year, a sharp decline from the record $84 billion in 2013 that was inflated by accounting for tax credits.

Bank of Edwardsville in Illinois is set to have a new leader.

The OTC Markets Group has opened up its community bank marketplace to privately held institutions, offering a chance for investors to monetize their holdings without selling the bank.

Veteran retail banking executive Deanna Oppenheimer has joined the mobile identity-authentication vendor Finsphere as a strategic adviser.

Several Korean-American banks are entering markets and businesses designed to target mainstream clients and other ethnic groups. Such moves are viewed as a way to improve the bottom line as revenue growth proves daunting.

Citigroup will commit $100 billion to help reduce the effects of climate change over the next 10 years as part of a new sustainability initiative.

First National Bank of Santa Fe in New Mexico has a new leader.

SEAFORD, Del. — The members who get the most out of their relationship with $252 million Sussex County Federal Credit Union received a Valentine's Day present of sorts.

Auction.com, an online real estate marketplace, has named Gordon Smith its general manager of commercial real estate.

First Defiance Financial, in Ohio, has revised upward its fourth-quarter earnings after lowering its provision for fourth-quarter income taxes.

A recent research paper found that community banks' assets, along with market share in most types of commercial lending, have fallen since the Dodd-Frank Act was passed. The report is giving advocates of smaller institutions more data to rally around.

LAS VEGAS — One Nevada Credit Union continued its strong recovery with net income of $7 million in 2014, the now $729 million CU reported.

United Community Banks in Blairsville, Ga., has solidified Lynn Harton's hold as the eventual successor to Chief Executive Jimmy Tallent.

Metro Bancorp, which has been fielding calls to sell itself for nearly a year, disclosed that CEO Gary Nalbandian will take a medical leave to undergo bypass surgery. Metro's executive team will be tasked with an ongoing effort to improve performance and remain independent.

U.S. Bancorp in Minneapolis has appointed Amy Hurd as head of its in-store and on-site banking division.

Speakers at the American Bankers Association's Conference for Community Bankers made it clear that smaller banks must find ways to embrace new and disruptive ways of doing business to compete the bigger institutions and nonbanks.

Citizens & Northern Corporation in Wellsboro, Pa., has named J. Bradley Scovill its new president and chief executive officer.

The Puerto Rican bank faces a deadline to raise capital or sell itself. With recapitalization a challenging prospect, here's a look at how other scenarios could play out.

Orange County Business Bank in Irvine, Calif., is facing a proxy battle from a Dallas investment firm.