Corporate governance

Monday’s eclipse is an astronomer’s dream, but CUs’ responses range from trying to make hay while the sun isn’t shining to preparing for potential disaster.

Lynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.

Baxter CU, Randolph-Brooks FCU and Coastal CU have already signed on with the service, which aims to create analytics strategies to help credit unions grow and improve service.

The exodus of chief executives from two of President Trump’s business advisory councils in the aftermath of the Charlottesville tragedy was a highly visible example of risk management and cultural principles in action.

Approval from the Federal Reserve is the last remaining hurdle for the $2.2 billion transaction.

In addition to typical industry challenges, family-owned banks also have to address generational leadership and estate planning at a time when an increasing number of their CEOs are looking to retire.

One untapped resource is appealing to investors to allocate more of their private wealth to companies with successful gender diversity programs.

Duke, currently vice chairman, was rumored to be a likely contender for the chairman spot last week.

JPMorgan Chase Chief Executive Jamie Dimon joined U.S. corporate leaders in denouncing racial intolerance as the pressure heats up on them to challenge President Trump on social and other policy matters. However, Dimon remains on a key presidential advisory group.

The Florida company will pay nearly $600 million to buy HCBF Holding and Sunshine Bancorp.

Chairman Stephen Sanger could step down ahead of the embattled bank's next annual meeting, according to a news report, clearing the way for the elevation of Duke, the current vice chairman and a former Fed governor and banking executive.

Wisconsin-based CU will acquire five Bank Mutual branches in three cities on August 25.

Clearer criteria of what the Federal Reserve expects from directors will improve board oversight of banks, while also cutting down on misplaced demands on boards’ time and attention.

Triumph Bancorp in Dallas has successfully taken chances on out-of-state acquisitions, factoring and other nontraditional strategies that many of its peers have avoided.

The bank’s “reasonably possible” legal charges could surpass its reserves by $3.3 billion as of June 30, a Wells securities filing says.

Marvin Schoenhals had been the Delaware company's chairman for 25 years. He stepped down as CEO in 2007.

The Federal Reserve Board released a proposal Thursday that is designed to clarify the agency's expectations for the biggest banks' boards of directors.

The company said that Dennis Shaffer, its president, will succeed James Miller at the end of this year.

After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum.

Southwest Bancorp, frustrated with a lethargic stock price, opted to find a buyer last summer. It was holding talks with Simmons First when the post-election run-up in bank stocks gave its shares an unexpected lift. Did it do the right thing by proceeding?