Industry News
Industry News
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Michael Crowley Jr., the chief executive at Bank Mutual in Brown Deer, Wis., is stepping down after 45 years with the company.
February 25 -
Royal Bank of Scotland Group will signal next week it plans to sell a 15% to 25% stake in Citizens Financial Group in Providence, R.I., according to a person familiar with the plan.
February 23 -
The recent boom in mergers and buyouts in technology, transportation, food service and other sectors is creating more demand for leveraged loans provided and syndicated by banks.
February 22 -
Ken Lehman is buying outsized stakes in community banks, using his personal funds and often introducing himself to CEOs with a direct phone call.
February 22 -
First South Bancorp in Washington, N.C., is purging a series of bad loans.
February 22 -
The acquisition by TSYS of prepaid card company NetSpend means the payment processor will manage a delicate balance between being a vendor to banks and being a consumer-facing company.
February 21 -
KeyCorp's decision to sell Victory Management puzzled some, who asked why jettison a fee-based business and whether it might buy or sell some branches.
February 21 -
Warren Buffett has long been the biggest shareholder of Wells Fargo (WFC), and now the San Francisco company represents the biggest piece of his portfolio.
February 21 -
At its annual party, the scandal-buffeted British bank bid goodbye to the "exciting and unpredictable" Year of the Dragon and welcomed in the Year of the Snake.
February 21 -
The purchase of NetSpend, which came at a hefty price for TSYS, signals that the prepaid card industry has come into its own.
February 21 -
KeyCorp (KEY) in Cleveland has agreed to sell its investment management and broker-dealer units.
February 21 -
Broadway Financial in Los Angeles has unloaded a package of loans in an effort to boost its asset quality.
February 21 -
Capital One (COF) is expanding its board of directors with the addition of two banking industry veterans, including a former top official of the Consumer Financial Protection Bureau.
February 20 -
Financial Institutions (FISI) has ended its months-long search for a new chief executive with the promotion of an insider.
February 20 -
Two large community banks merging in South Carolina could create the next Southeast regional player and acquirer of choice.
February 20 -
Less than a year after stepping down as chairman of Atlantic Coast Financial (ACFC) in Jacksonville, Fla., Jay Sidhu is seeking to oust three members of the company's board and replace them with a new slate of directors.
February 20 -
After 10 years of helping to build up expectations at PNC, Bill Demchak will have to surpass them after he becomes CEO this spring.
February 20 -
First Financial Bankshares (FFIN) in Abilene, Texas, has agreed to buy Orange Savings Bank in Orange, Texas.
February 20 -
JPMorgan Chase (JPM) is facing another call from institutional investors to separate the roles of chairman and chief executive.
February 20 -
Securant Bank in Menomonee Falls, Wis., has agreed to sell its trust business to an Illinois bank.
February 20





