Dennis Devine, who has held leadership roles at several banks, is taking over immediately at the Chicago-based institution after David Mooney announced his retirement. ... Read full article
The California company said Russell Colombo "is committed to remaining in the job as long as needed." ... Read full article
The Connecticut company recruited Robert Russell from Millington Bank to become its president and CEO. ... Read full article
The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management. ... Read full article
BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz. ... Read full article
The New York commercial bank says geographic diversification is a long-term necessity and that the interplay of its private banking and commercial banking businesses has helped it withstand the economic shock of the coronavirus. ... Read full article
Len Devaisher once served as a regional executive for Old National Bancorp. ... Read full article
The embattled German payments company filed for insolvency, while its former COO is either on the run or looking for the missing $2 billion; the giant asset manager is looking to hire more college graduates rather than poach junior bankers. ... Read full article
Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf. ... Read full article
The Maryland company said the additions, including a former bank CEO, will strengthen its “overall operational and strategic management." ... Read full article
The bank’s Asia-Pacific chief backs law giving greater mainland control over the territory; the Center for Responsible Lending said big banks took in almost $12 billion in overdraft fees last year, with the bulk of it paid by lower-income customers. ... Read full article
Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations. ... Read full article
University Bancorp decided to shutter its wholesale mortgage lending business after it struggled to hire and train employees remotely. ... Read full article
The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust. ... Read full article
In a still male-dominated industry, does the network help attract and keep more women at the firm? CEO Shirl Penney says yes and has the results to prove it. ... Read full article
Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns. ... Read full article
While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic. ... Read full article
The voluntary agreements were meant to help the FDIC make staffing changes ahead of a wave of retirements. But concerns about the coronavirus means those plans will be put on hold. ... Read full article
Zember abruptly resigned as CEO of Ameris Bancorp last summer. ... Read full article
The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control. ... Read full article
