The payout will help the Delaware bank recover legal costs that stemmed from its 2010 purchase of Christiana Bank & Trust. It expects a 23-cent boost to earnings per share in the most recently completed quarter.

A Capital One Financial banker was charged with acting as a foreign agent seeking nonpublic U.S. law enforcement information on critics of Egyptian President Abdel Fattah El-Sisi.

Carrie Langgard, who joined the institution in 2014, became president and chief executive on Jan. 1.

The Nebraska Department of Banking and Finance recently denied GreenState Credit Union's deal to acquire Premier Bank in Omaha. The bank said it hopes to get the ruling overturned.

Mike Steimle, who has led the credit union for roughly 22 years, cited a need for "new blood" in the leadership team.

A new group within the Alabama company's equipment finance subsidiary will be led by Jay Cannon, who recently left U.S. Bancorp.

Some policymakers have been calling for a temporary halt to large bank deals while the criteria for approvals are reevaluated. Yet Congress was clear about its intention to stop regulators from holding up bank mergers, argues the head of a trade group for large financial services companies.

Gaye Erkan was widely seen as the front-runner to succeed founder James Herbert. Following her abrupt departure, the San Francisco bank must decide whether to find its next leader internally or recruit an outsider.

Jennifer Ventimiglia, who joined Fortera in 2015, will also become chief executive after Tom Kane retires from this role.

Bank of America hired Benjamin Saunders from JPMorgan Chase for its financial institutions investment banking business.

Democrats largely left the financial sector alone last year. But they are attempting to resurrect a bank tax-reporting plan to help pay for President Biden’s social policy package while keeping a close eye on cryptocurrency and how regulators review mergers.

The combination of Community 1st Credit Union in Ottumwa and HomeTown Credit Union in Shenandoah will bring together more than 68,000 members and 21 branches. The merged entity will have over $980 million of assets.

Pomona Postal Federal Credit Union, which the National Credit Union Administration placed into conservatorship in November, has merged with the Credit Union of Southern California.

Morgan Stanley agreed to pay $60 million to settle a class action suit by consumers claiming the firm failed to safeguard their personal information.

Barry Nelson will step down as the president and CEO in April.

The community bank said it would will not renew their employment contracts, which terminate March 20, but that it intends to keep them as executives.

The credit union is looking for its next leader after longtime CEO Bill Lawton announced he will retire this summer.

Analysts expect loan growth and higher interest rates to drive up equity prices next year, even in the face of the omicron variant and other risks.

Industry fears that regulators were souring on bank mergers have eased somewhat after the Federal Reserve finally signed off on WSFS Financial’s acquisition of Bryn Mawr Bank and several other deals that had been awaiting the green light.

Before joining TAPCO, Justin Martin was executive vice president and chief operating officer at Verity Credit Union.