Demographics

Cecere, 57, will succeed longtime executive Richard Davis, who has served as chairman since retiring as CEO last year.

NewDominion Bank and M&F Bank are among the institutions willing to leave the industry's comfort zone to reach younger prospects.

The CDFI formerly known as Progreso Financiero targets consumers with little or no credit history.

The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.

Many low-wage employees continue to be paid by paper check. WiseWage has built an online portal on the idea that workers and their employers have a shared interest in electronic paychecks.

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The railroad industry executive will replace Raymond Fortin as general counsel.

After a six-month transition period, Mark Midkiff will succeed Bill Hartmann later this year.

Carter Bank & Trust’s founder shunned internet banking and handled most executive duties himself. He died in April and his successor, Litz Van Dyke, is now working at breakneck speed to modernize this once-hidebound Virginia bank.

Becky Howell is stepping down after 38 years in the credit union movement

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The California-based credit union has seen significant growth among young members, but satisfaction rates were on the decline among all demographics due to long lines and wait times.

Bank of America, PNC join a growing list of banks planning to use the anticipated savings from the reduction in the corporate tax rate to boost wages for employees.

After Wells Fargo and Fifth Third said that the looming tax cut will allow them to raise pay, four smaller banks followed suit.

Jones, who was CFO until last year, succeeds Robert Wilmers, who passed away unexpectedly last week.

Fifth Third said it will give a bonus or raise to about three-quarters of its employees while Wells Fargo raised its minimum hourly pay in the wake of Congress' passing a tax reform bill.

Regional and community banks will offer low-cost or no-cost financial products through Bank On, which has already reached agreements with Regions Bank, Wells Fargo and SunTrust.

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities.

Loot has been in development since 2014 and has raised a total of more than $7 million thus far.

Mary Greco will retire in January after a 38-year career in the credit union movement. She will be succeeded by Aaron Goff, former CEO of Greater KC Public Safety CU.