The Latest from Women in Banking

Banc of California in Irvine has promoted a back-office executive to become chief administrative officer.

The former head of the FDIC has a longstanding interest in small-dollar consumer lending.

Did Lehman Brothers pick Erin Callan Montella for CFO at a desperate hour so that she could be the one to fall on the sword? Kelly Evans of "Closing Bell" suggests so. Are women focusing too much on performance? Carla Harris offers a more effective alternative. Also, Bank of America gives new parents more time off and an activist investor demands gender pay equality.

A former staff attorney with New York's city government has been named the top lawyer for the New York State Department of Financial Services.

The president and chief banking officer at Heritage Oaks Bancorp in Paso Robles, Calif., plans to leave the company next month.

HomeTrust Bancshares in Asheville, N.C., will name a the former North Carolina market president for Fifth Third Bancorp to its board, along with two other professionals.

Jefferson Security Bank in Shepherdstown, W.Va., has promoted Cynthia Kitner from chief financial officer to chief executive.

Santander Bank in Boston said Wednesday that it has hired two regional market presidents who formerly worked for JPMorgan Chase: Sarah Lindstrom and Elsie Leon-Cruz.

Getting CIT back on track could be a legacy-defining assignment for veteran banker Alemany, in much the same way as the firm’s turnaround after bankruptcy was viewed as a chance at redemption for John Thain. Success would be no small feat.

CIT Group laid out plans to boost profitability and cut costs as Ellen R. Alemany takes over as chief executive officer of the commercial lender from John Thain, who's stepping down at the end of the month.