FS Bancorp in Mountlake Terrace, Wash., has a new president. The $3 billion-asset company said in a press release that Matthew Mullet has also become president of its bank. Mullet, who will remain chief financial officer, succeeded Joseph Adams, who will remain CEO of the company and the bank. Mullet “has been an integral part of our team and has a proven track record of leadership and a deep understanding

Generations Bancorp NY in Seneca Falls has entered into a written agreement with the Office of the Comptroller of the Currency tied to managing its balance sheet. The $411 million-asset company disclosed in a regulatory filing that the July 19 agreement requires it to develop written programs for liquidity risk management and interest rate management. Generations must form a compliance committee and prepare a written board oversight and corporate governance

Green Dot in Austin, Texas, was fined $44 million by the Federal Reserve to address consumer compliance breakdowns tied to its prepaid debit card products. The fintech, which acquired a bank in 2011, was accused of unfair and deceptive practices and a deficient consumer compliance risk management program. The Fed said that Green Dot violated consumer law with its marketing, selling and servicing of prepaid debit card products. The company

Bank of Hawaii in Honolulu has a new president.   The company disclosed in a regulatory filing that James Polk has taken on the role. Polk, who was vice chairman and chief banking officer, succeeded Peter Ho, who remains chairman and CEO.   Polk, who joined Bank of Hawaii in 1999, gained responsibility for retail banking and the branch banking and contact center – giving him oversight for all of

Fulton Financial in Lancaster, Pa., plans to close 13 branches in Pennsylvania and New Jersey. The company disclosed in a regulatory filing that the branches will close by Nov. 22. The board approved the closures plan as part of the bank's integration of the failed Republic First Bank. Fulton said it expects to incur pretax costs of about $10 million in the third quarter, including $6 million of writeoffs of

Synovus Financial in Columbus, Ga., posted a net loss in the second quarter after purging its securities portfolio. The $60 billion-asset company lost $14.7 million in the quarter, a reversal from the $173.9.8 million it earned a year earlier. Synovus sold $257 million of bonds during the quarter at a discount. The company plans to reinvest the proceeds into higher-yielding investments and loans. The net interest margin, which widened by

A mortgage banking veteran has agreed to buy Greenwoods Financial Group in Lake Mills, Wis. The $575 million-asset parent of Greenwoods State Bank said in a press release that it agreed to sell itself to Christopher M. George. The deal is expected to close in the first quarter. The price wasn't disclosed.  “I look forward to working with ... the entire Greenwoods team to assist in expanding the bank’s footprint

Discover Financial Services in Riverwoods, Ill., has agreed to sell its private student loan portfolio to strategic partnerships that involve Carlyle and KKR. Discover said in a press release that Firstmark Services, a division of Nelnet, would assume responsibility for servicing the $10.1 billion portfolio following the sale. The purchase price will have a premium to the principal balance of the portfolio and, based on certain assumptions, is expected to