Practice management

Once focused mainly on growth, the New York-based small-business lender said it will lay off employees and cut other expenses in an effort to become profitable. The moves are a sign of waning patience among investors in the once-frothy sector.

Ignacio Alvarez, who takes over this summer from Richard Carrion, addresses the tough challenges the bank faces as looming cuts to government services and benefits could be painful for consumers and businesses on the Caribbean island.

The $71 million transaction is the latest in a series of acquisitions by Seacoast in recent months.

The Arizona company said Kenneth Vecchione would be a candidate to eventually replace CEO Robert Sarver.

First Citizens FCU unveils new management team, League of Southeastern CUs honors lawmakers and more new hires, promotions and honors.

Some shareholders can help increase corporate accountability using a little-known but effective tool called a shareholder proposal. But now this tool is threatened by financial reform legislation.

The acquisition will make the Tennessee company one of the biggest banks in the Southeast, with assets of more than $40 billion.

Part of Jamie Moldafsky's job at Wells these days it taking an earful on social media, but the immediate feedback offers important lessons about the bank's products and efforts to rehab its image.

Applications for the regulator's consulting services are due May 31.

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month.

The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.

St. Mary's Bank gets a new COO, Veridian picks up a trio of new employees and more new hires, promotions and honors.

The credit union's facilities remain undamaged, but the worst may still be to come if a local dam crests later this week.

Wells survived a fierce proxy fight at its annual meeting, but that’s not stopping some key investors — including the California State Teachers' Retirement System and the New York City pension funds — from pressuring the embattled bank to quickly replace most of its directors.

The new name reflects the seven cooperative principles, including cooperation among cooperatives.

The company, which delisted from the Nasdaq in 2005, is looking to raise up to $64 million through an initial public offering.

Sovrin, a new blockchain for the creation and management of digital identities, may help credit unions save money and fight fraud while returning power to individuals.

The Mississippi company said Mitchell Waycaster will succeed Robin McGraw in May 2018.

Bankers are well aware of the industry transformation taking place. However, they need to convince employees that change is worthwhile before turning reimagined business models into realities.

First Bancorp has emerged as one of the few consolidators in North Carolina at a time when many other banks in the state have opted to sell.