Revenue and expenses

SunTrust CEO Bill Rogers on Thursday explained the direction he and BB&T chief Kelly King are going with the new name, but gave no hints on what it is or when it will be unveiled.

The California-based institution posted growth in loans but saw net income fall from a year earlier.

The McLean, Va.-based institution said that its capital hit a record $2.5 billion last year.

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

Bank 34 will no longer sell mortgages in the secondary market as it looks to reduce its reliance on volatile revenue streams.

The Odon, Ind.-based credit union also grew its membership to over 50,000, up more than 9% from a year earlier.

Members of Bard Employees Federal Credit Union approved the merger into Baxter Credit Union earlier this month.

The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.

The Raleigh, N.C.-based institution said it also has more than 500 employees.

Getting consumers to switch to electronic statements is difficult but there are a few strategies credit unions can try to encourage them to go digital.

Citigroup's return on tangible common equity rose in the first quarter, but stubbornly high expenses and costly technology investments may make it hard for the bank to hit its targets for this year and next.

The San Francisco bank is under pressure from investors to get out from under a Fed-imposed asset cap and to hire a new permanent CEO. But executives said Friday that thoroughness is more important than speed.

The Fitchburg, Mass.-based institution also started an insurance agency and upgraded its mobile banking last year.

Gail Jansen, who oversees member business lending at Kinecta Federal Credit Union, warned that increasing fees for Small Business Administration loans would hurt borrowers.

The Scarborough, Maine-based credit union also posted a more than 4 percent uptick in membership.

The Rhode Island-based institution also finished building a 27,000-square-foot operations center and branch.

The payout included bonus dividends and a 7 percent refund of loan interest paid by members.

The FDIC reserve fund is nearing a threshold that will trigger a temporary reprieve on deposit insurance premiums for banks with less than $10 billion of assets.

The payment marks the fifth consecutive year the Minnesota-based institution has issued a patronage dividend.

The Exton, Pa.-based institution plans to open new branches in three counties after posting 11 percent growth in loans last year.