Industry News
Industry News
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Lisa Schlehuber, who has led the Indianapolis credit union since her appointment as chief executive in 2005, will step down on April 15.
February 10 -
The Federal Reserve Bank of Boston announced that Susan Collins, an economist currently at the University of Michigan, will be its new president, marking the first time a Black woman will lead one of the U.S. central bank’s 12 districts.
February 9 -
The board of directors has hired Kyle Gurzynski to succeed longtime chief executive Patty Preuss, who plans to retire on April 29.
February 9 -
Stephen Calk had argued against incarceration, while prosecutors asked for 51 to 63 months behind bars. The ousted bank CEO was convicted of approving $16 million of loans in exchange for Paul Manafort’s help in landing a job in the Trump administration.
February 7 -
The $650 million deal would add services for financial institutions seeking a faster path to upgrade their technology.
February 7 -
The March hearing, to be hosted jointly by the Federal Reserve and the Office of the Comptroller of the Currency, is coming at a time when lawmakers and community groups are pressing federal agencies to apply more scrutiny to bank mergers.
February 7 -
Bank of America boosted Chief Executive Brian Moynihan’s compensation 31% to $32 million for 2021, a year in which the firm set a record for profitability.
February 4 -
TruMark has begun the search for its next chief executive after Rick Stipa, who led the credit union for more than 20 years, announced he'll step down.
February 4 -
The combined organization would have more than $3.6 billion of assets and a few dozen branches in Georgia.
February 3 -
Scott Ward succeeds longtime chief executive Gary Williams, who retired at the end of January.
February 3 -
The Indiana bank announced a five-year, $8.3 billion agreement with the National Community Reinvestment Coalition in connection with its acquisition of First Midwest Bancorp. The Federal Reserve approved the purchase last month.
February 3 -
The combination of the Bay Area credit unions creates an institution with nearly 50,000 members.
February 3 -
U.S. lenders issued more credit cards than ever last year, with a growing share of them going to consumers with lower credit scores.
February 2 -
Citigroup created a new team inside its trading division that will focus on working closely with minority depository institutions and diverse broker-dealers and asset managers.
February 2 -
Maria Tedesco, the bank's president, added the role of chief operating officer with a mission of unifying workflows from the back office to front end. This frees up CEO John Asbury to augment Atlantic Union’s fintech investments and scout for potential acquisitions.
February 1 -
Helena Haynes-Carter will lead the Cleveland bank’s efforts to hire and retain a diverse pool of employees.
February 1 -
January was a quiet month for traditional bank mergers and acquisitions, but some big-name firms still struck big deals. Here's a look back at the month's most noteworthy deals.
February 1 -
This elite group of young wirehouse and regional employee representatives collectively generate more than $200 million in annual revenue.
February 1 -
The advisors’ success offers lessons for aspiring wealth professionals and brokerages aiming to change a predominantly white and male industry.
February 1 -
The bank technology provider Amount has acquired Linear Financial Technologies to supplement its consumer and buy now/pay later offerings with digital small-business loans.
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