Corporate governance

Hurricane Irma reportedly impacted more than 100,000 credit union members in the region.

The California company will pay nearly $3 million to address claims it failed to pay employees for overtime.

The banking companies agreed to terminate their planned merger after regulators withheld approval. The snag is tied to a previously disclosed issue with Hope's 2016 financial results.

The Indiana company could also use proceeds from the planned stock sale to pay off debt.

Bankers in Florida and Texas are dusting off their disaster-recovery playbooks, which focus on retrieving customers' valuables, ensuring employee safety and minimizing the bank's own legal exposure.

Banks could be busy supplying credit to manufacturers, hotels, multifamily developers and other businesses that will be helping residents get their lives back on track after two fierce storms.

Approximately two-thirds of the state's 136 credit unions suffered damage from high winds and flood waters, but CUs are reopening their doors to members and staff — though some are still without power and internet access.

Chemical Financial's decision to shutter nearly 40 branches and cut more than 200 jobs is a result of improved technology and an effort to become more efficient after years of pursuing acquisitions.

The Michigan company said the branch closures will save it $20 million a year. It also plans to devote fewer resources to indirect auto, where returns have trailed other lending categories.

As hurricanes wreaked havoc over the last couple of weeks, several banking-related narratives have emerged. Here is a look at those stories.