Corporate governance

Constellation Federal Credit Union has received the OK from members and regulators to merge into $3.4 billion-asset Northwest FCU.

By learning from the struggles that resulted from Wells Fargo’s outages, the rest of the financial world can improve its own disaster recovery plans, writes Todd Matters, chief architect and co-founder of RackWare.

The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.

The bank's decision to select its general counsel as successor to Tim Sloan, albeit on a temporary basis, focused attention on its frayed relationships with the Federal Reserve and the OCC.

The chairwoman of the House Financial Services Committee said Tim Sloan's resignation as CEO was "long overdue" but that other executives and directors should be removed as well.

Tim Sloan couldn't hang on any longer. Here are insights about why he left now, what role policymakers played in the decision and will continue to have in the company's future, and who in the world would want to lead Wells Fargo.

A new outreach effort will target parts of New York City to help boost membership at several African-American credit unions.

The Rhode Island-based institution also finished building a 27,000-square-foot operations center and branch.

Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference.

Andy Reed, who currently leads Texas People Federal Credit Union, will become president and CEO of the Dallas-based institution in May.