Corporate governance

"I’m not going to step aside because I’m an asset for this company," Tim Sloan said Wednesday, rejecting arguments by some Senate Democrats that he is too tied to the phony-accounts scandal.

First Bank will enter a new market and gain access to low-cost deposits after it completes the acquisition.

Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.

Debbie Meekins is running First Community Bank in Santa Rosa while simultaneously taking steps to rebuild her own life after her home of 19 years went up in flames.

The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas.

Howard Bancorp CEO Mary Ann Scully was so keen on buying 1st Mariner that she met with a representative of one of the Baltimore company's three largest shareholders before meeting with management, and she kept talking with them. It worked.

Best Practices Awards offer a wealth of field-tested ideas to improve your credit union.

The company agreed to buy Commercial Bancshares for $59 million in stock.

Total revenue rose less than 1% to $21.8 billion, but expenses declined 2.5% to $13.1 billion. That computed to the highest profit at Bank of America in six years.

Bob Ramsey, who had worked for FBR Capital Markets for more than a decade, will handle investor relations and strategic planning at Customers.

The Montana-based credit union has returned earnings to members each year for the last 20 years.

Recent hurricanes and wildfires still raging in California are fresh reminders to bankers of the importance of emergency preparedness plans.

The company had strong gains in construction lending and trust fee income, but its business lending operation had flat results.

Now in its sixth year, the annual event is being marked by credit unions in at least 18 states.

Connecticut-based CU surpasses 50,000 members just months after hitting $500 million in assets.

Overall net income rose 8% to $4.13 billion as cost control helped overcome shortcomings in global consumer banking profits and bond trading revenue.

As conditions worsened on Wednesday, bankers said that their employees’ safety is their top priority.

CU supporters nationwide can made donations to CUAid, with all funds are going towards credit unions in California and other areas damaged by natural disasters.

The California Credit Union League is setting up relief efforts via CUAid through the NCUF

While social media is helping get younger members in the door, observers say credit unions won't get far without the right mix of products and services for millennials.