Practice management

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M&T Bank in Buffalo, N.Y., has expanded the job responsibilities of René Jones, its chief financial officer and vice chairman, while at the same time naming a new CFO.

Farmers Bank in Frankfort, Ind., has named a new chief executive, after its previous leader died of cancer.

Richard Krauland will retire later this year as chief executive of NexTier Bank in Butler, Pa., after leading the institution through two mergers and name changes.

The U.S. Postal Service is neglecting its profitable money-order business, which has lost 25% of its sales volume over the last five years. Big changes are needed to revive the product, according to a new report.

Florida Credit Unions Shared Services announced a $602,776 patronage rebate and dividend to its participating CUs and stockholders in 2015.

With college graduation right around the corner, some credit unions are gearing up to appeal to the latest crop of job seekers who bring both a youthful perspective and a newly minted degree to the table.

Community Bank in Pasadena, Calif., has promoted from within to fill the positions of president and chief banking officer.

Credit union service organization PSCU has received the CUSO of the Year Award from the National Association of Credit Union Service Organizations (NACUSO).

With more top spots opening up as baby boomers retire, CUs are looking for new CEOs, but many ‘specialist’ C-level execs may not be up to the task.

Boeing Employees Credit Union, long affiliated with the aerospace giant, is attempting to alleviate the concerns of members who may lose their jobs.

Marsha Williams' appointment at the $141 billion-asset company takes effect immediately. Williams has been on Fifth Third's board since 2008.

State regulators have given Ent Credit Union in Colorado Springs the green light to expand to additional counties in-state, the company reported Monday.

First Midwest Bank in Itasca, Ill., announced Friday that it has hired Jo Ann Boylan, formerly of MB Financial Bank in Chicago, as chief information and operations officer.

The idea of allowing a merged credit union to maintain its identity as a "division" of a network CU is interesting, but small CUs should look to CUSOs and their trade groups for resources that would allow them to remain independent, according to former NCUA Board Chairman Michael Fryzel.

Technology has led to heightened expectations by consumers, meaning credit unions not only have to be aware of changes in the marketplace, they have to be ready to act upon them.

Lending Club, Prosper Marketplace and Funding Circle are locking arms to create a new trade group that will represent the marketplace lending industry in Washington.

Two North Carolina credit unions — Coastal Federal Credit Union and Freedom Credit Union — said their boards have agreed to merge the institutions in a transaction that will result in Coastal FCU as the surviving entity.

San Francisco Municipal Railway Employees Federal Credit Union on Wednesday said it is pursuing a merger with UNIFY Financial Credit Union of Torrance, Calif.

Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive.