Santander has a new CEO at its U.S. bank. Ana Botin, the bank's executive chair, wrote in a LinkedIn post that Christiana Riley had taken on the role, succeeding Tim Wennes. Wennes did “an outstanding job in transforming Santander US and laying the foundations for continued growth and success,” Botin wrote, adding that Wennes had “decided that now is the right time to pursue other opportunities.” Riley, Santander's regional head

General Motors Financial resubmitted its paperwork to form an industrial bank and to receive deposit insurance less than a year after withdrawing its previous application. The new application for GM Financial Bank was filed with the Federal Deposit Insurance Corp. on Jan. 31. The proposed bank "will directly support our business model by providing stable, cost-effective funding," Dan Berce, GM Financial's president and CEO, said in a press release. "The

Florida Bancshares in Dade City has a new CEO. The parent of the $321 million-asset First National Bank of Pasco said on LinkedIn that John Zazzera had also become its president following a nationwide search. "John is the ideal leader to steer our organization into the future and match a shared commitment to excellence that resonates deeply with our organizational values," the company said in its post. "With a proven

First Savings Financial Group in Jeffersonville, Ind., sold a large pool of home equity lines of credit as it shifted its strategy for those originations. The $2.4 billion-asset company said in a press release that it sold $87.2 million of home equity lines of credit in the final quarter of 2024 for a net gain of $2.5 million. The sale also contributed to the decision to record a $490,000 reversal

FB Bancorp in New Orleans warned that it will record a $5.8 million goodwill impairment charge tied to a decade-old acquisition. The $1.4 billion-asset company disclosed in a regulatory filing that it recorded the noncash charge after conducting periodic testing of goodwill impairment. The review took into account a decrease in mortgage origination volume due to elevated interest rates. The goodwill was established in January 2014 as part of the

The Consumer Financial Protection Bureau ordered Wise to pay nearly $2.5 million to address claims that the U.K. remittance company advertised inaccurate fees and failed to properly disclose exchange rates and other costs. The CFPB said in a press release that it determined that Wise misled U.S. customers about its ATM fees and failed to properly disclose other fees. The bureau also claimed that failed to timely refund the remittance fees

First Foundation in Dallas is starting to use some of the capital it raised last year as part of its turnaround. The $12.6 billion-asset company lost $14.1 million in the fourth quarter after selling $489 million of multifamily loans at a 4.9% discount. The company also set aside $20.1 million in the quarter to cover potential problems in its equipment finance lease portfolio, reflecting higher chargeoffs and a rise in

Lake Shore Bancorp in Dunkirk, N.Y., is planning a second-step conversion to a fully stock-owned company. The company said in a press release that its parent company, Laks Shore MHC, plans to convert in the third quarter. The bank will seek regulatory approval to become a New York-chartered commercial bank. Lake Shore MHC owns about 63.4% of the Lake Shore Bancorp's outstanding shares.