Practice management

James Lockhart, former director of the FHFA, is replacing Wilbur Ross, who resigned when he became Commerce secretary, on the New Jersey company's board.

EVP Kevin Miller will take over when Joseph Melbourne, Jr. retires at the end of this month after 19 years at the helm.

Proposals to split the chairman and CEO roles at banks have rarely succeeded. But new developments — including a proposal to require separate roles for the next generation of managers — are helping concerned shareholders slowly make inroads.

Passwords are often restrictive, undynanmic and draw attention from fraudsters. And there's also the risk of repeated cybercrime linked to old authentication.

Creative growth strategies are helping banks with $10B to $50B of assets — including Webster and TCF — improve profitability. These ‘tweeners’ deal with tougher regulations than smaller competitors without the scale larger ones have to absorb the expense.

SoCal native Rudy Pereira has led Wisconsin's Royal CU since 2011, but has accepted a position back home in Southern California with Premier America CU.

The more vocal millennial generation is pushing companies like Bank of America to redefine diversity in the workplace to include more freedom of expression.

The industry should not discourage credit unions from having a full platter of choices when it comes to advocacy.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

BMO recently won a diversity award for reaching its goal of having women in 40% of senior management jobs, and CEO Bill Downe argues equal treatment of employees will carry over to fair treatment of customers and create long-term profits for shareholders.

Hoover was named interim CEO in December after the death of longtime CEO Gene Szymczak.

New hires, promotions, board elections and more credit union officials in the news.

Bankers, directors and other large investors are unloading millions of shares as bank stocks stay close to all-time highs.

The lender will begin an ad campaign in mid-April with the tag line "Building Better Every Day," company employees were told Tuesday.

So-called performance-share units are pushing aside stock options as the preferred long-term incentive pay for bank executives. Many investors and regulators fear that options can encourage reckless conduct and have other shortcomings, though options still have supporters.

Jim Rosenthal previously served as chief operating officer at the Wall Street investment bank. He joins the board of an online lender that has recorded losses in five straight quarters.

Daniel Trombley ending his lengthy career, Daniel Waltz to take over the helm.

The latest numbers underscore the extent of the challenge that the megabank faces in restoring its once-clean public image.

Foster previously served as deputy director of public and congressional affairs from 2008 to 2011.

Canadian banks hope to create an environment where consumers have more control over who is able to view their personal data.