Employee retention

Enloe State Bank in Texas becomes the first bank to fail in 17 months; BB&T dangles promise of bonus payments to top executives if they stay; where JPMorgan Chase’s Finn experiment went wrong; and more from this week’s most-read stories.

Credit unions are helping out in a number of ways, including making a donation to a charity that works with adolescents and providing scholarships to college-bound seniors.

A number of credit unions have announced a variety of personnel changes, including new managers to oversee branches.

Credit unions are unveiling new boards of directors and supervisory committees, along with other staffing changes.

Credit unions have announced new hires and promotions in a range of areas, including employees involved in commercial real estate, collections and market data analytics.

The credit union industry has announced a number of moves, including a state league naming a new board and welcoming members to its hall of fame.

Credit unions announced a variety of personnel moves and recognition for others, including one employee who helped a member needing medical attention.

The National Credit Union Administration is aiming to clarify guidelines around incentive compensation, which could help the industry better attract top talent.

Credit unions have elected new board members and named new branch managers while other employees were recognized for their dedication.

The cold, hard truth of bank mergers is that rivals often steal top producers and convince customers the bigger bank won’t care about them anymore. The CEOs of the merging banks explain their retention efforts.

Douglas Ankrom, who is currently chief financial officer at the Belpre, Ohio-based institution, will take over for Michael Iaderosa, who will retire later this year.

A mortgage advisor, a chief legal counsel and a vice president of member experience were just some of the appointments credit unions have recently made.

Credit unions have promoted and hired employees in a variety of areas, including membership experience and operations, marketing, real estate lending and collections.

Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.

A number of entities within the credit union industry have elected new directors, in addition to announcing other staffing changes.

Credit unions have hired and promoted executives in member business lending, relationship management and more.

More attention should be paid to strategically preventing and mitigating problems that harm bank reputations.

There’s currently a focus on investing in technology and data to remain competitive, but financial firms also need to ensure they are helping workers adapt, argues Synchrony’s Margaret Keane.

Deutsche Bank employees in the U.S. received the lion's share of bonuses as the lender sought to retain top performers following cuts to the investment bank there.

There’s currently a focus on investing in technology and data to remain competitive, but financial firms also need to ensure they are helping workers adapt, argues Synchrony’s Margaret Keane.