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Management

Bank boss acknowledges error and pledges renewed commitment to improving Wells Fargo’s diversity work
Plus: New lead director at JPMorgan Chase, and First Port City Bank promotes CFO to risk leadership role
Plus: HSBC USA appoints a new head of wealth, and Bank 34 co-CEO Jill Gutierrez retires
Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina
California-based tech company is the first such firm to be approved for a bank acquisition and plans a new product launch imminently
The $504 billion banking giant will raise the proportion of its non-white senior leadership and improve pay equity
Plus: FirstBank Puerto Rico completes Santander purchase, and Farmers and Merchants Bank is approved for community bank merger
Plus: New York-based community banks to combine; Virginia’s Blue Ridge and Bay Banks plan merger
CEO Brian Mauntel has resigned from his position, Heartland Bank announced this week
Plus, Sterling National Bank has rolled out an artificial intelligence-driven “digital colleague” for its online offering
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