Ranjana Clark joins Texas Capital's board of directors

April 25, 2025 2:35 PM

In this week's banking news roundup: Ranjana Clark is joining Texas Capital Bancshares' board of directors; Minnesota's Wings Credit Union and Colorado's Ent Credit Union are merging; Regions Bank welcomes Angela Santone to its C-suite; and more.

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Texas Capital appoints Ranjana Clark to board

Ranjana Clark, the former head of global transaction banking at Mitsubishi UFJ Financial Group and a frequent honoree of American Banker's Most Powerful Women in Banking program, is the newest member of Texas Capital Bancshares' board of directors.

Clark was elected to the 13-person board this month during the Dallas-based company's annual meeting. She fills the seat previously occupied by James Browning, who left the board due to its mandatory retirement age of 75.

Clark will serve on the audit and technology committees, Texas Capital said in a press release.

Clark retired from MUFG in 2022 after a 10-year career at the Japan-based financial giant that included a role as chief transformation officer and head of transaction banking in the Americas. Prior to MUFG, Clark worked at PayPal and Western Union. She spent 20 years at Wachovia in a variety of roles, including chief marketing officer.

Her appointment to the board comes as President and CEO Rob Holmes adds the role of chairman of the board to his duties. Bob Stallings, who served as chairman since April 2023, moved into the role of lead independent director. —Allissa Kline

Wings Credit Union, Ent Credit Union

Minnesota and Colorado credit unions merge

Minnesota's Wings Credit Union and Colorado's Ent Credit Union are merging, creating an institution that will serve nearly 1 million members.

The deal aligns with the credit unions' long-term goals of achieving operating efficiencies and creating more value for members, the companies said in a press release Wednesday.

Once it receives regulatory approval, the new entity will be called Wings Credit Union and will be led by Ent CEO Chad Graves. The two boards have unanimously approved the merger.

The deal is expected to close next year. The terms of the merger of equals were not disclosed.

Each credit union has nearly $10 billion in assets. The merged entity will have locations in Colorado, Florida, Georgia, Michigan, Minnesota and Wisconsin, the companies said. —Mary de Wet

Regions Bank adds to its C-suite

The Birmingham, Alabama-based Regions said Tuesday that it has tapped Angela Santone as its chief people officer, effective May 12.

Santone, who most recently served as a human resources executive at AT&T, will lead culture and hiring initiatives, along with other general HR operations at Regions. She will work "in coordination with" Regions Chairman, President and CEO John Turner, and Chief Administrative Officer Dave Keenan.

"Her experience, insights, and strategies will help us build on our reputation as an employer of choice. And her successful work in helping major brands achieve key business objectives will help Regions fully execute on our strategic plan for growth," Turner said in a prepared statement.

Keenan added in a prepared statement that the $160 billion-asset bank has more than 20,000 employees across more than a dozen states. —Catherine Leffert

U.S. Bancorp's Adam Graves to take on some duties of late Terry Dolan

U.S. Bancorp promoted Adam Graves to lead enterprise strategy and administration, a role in which he will absorb some of the responsibilities formerly overseen by the late Terry Dolan, the company's chief administration officer who died in a plane crash in March.

Graves, 47, was most recently the Minneapolis-based company's head of strategy and corporate development, a role he took over in 2023 following a five-year stint as the head of finance strategy and corporate development, according to the bank's press release.

In his new role, Graves will add corporate real estate and procurement, marketing, analytics and customer experience, public affairs and communications, and strategy and administration risk to his list of duties. He will continue to oversee strategy and corporate development, the bank said.

Graves will report to CEO Gunjan Kedia and join the company's executive management team. —Allissa Kline

Pennsylvania bank acquires neighbor

Two community banks in Pennsylvania are merging into one. Citizens & Northern, based in Wellsboro, and Susquehanna Community Financial, headquartered in West Milton, announced the deal on Wednesday, saying both their boards of directors approved it unanimously.

The bigger fish in the deal is C&N, which has 28 branches and $2.6 billion of assets. By acquiring SQCF, with its seven branches and $598 million of assets, C&N hopes to diversify its loan portfolio and expand its footprint in central Pennsylvania.

"We believe this is a great fit and we are pleased to welcome [CEO] Dave [Runk] and the SQCF team and customers to C&N as we work together to expand our presence in Central Pennsylvania," C&N CEO J. Bradley Scovill said in a statement.

The transaction is expected to close in the fourth quarter of 2025, pending regulatory approvals. —Nathan Place

CSBS hires former CFPB operations chief to lead product, biz strategy

The Conference of State Bank Supervisors named David Bleicken its new senior vice president of product and business strategy. He'll be responsible for advancing the strategic vision for a portfolio of regulatory technology products supporting state supervisory priorities, regulatory coordination and industry accountability.

"David brings decades of valuable experience supervising financial institutions and a deep understanding of the state system," said CSBS President and CEO Brandon Milhorn in a press release.

Most recently, Bleicken served as operations chief in the division of supervision at the Consumer Financial Protection Bureau. He spent nearly 14 years at the Pennsylvania Department of Banking, served as president of the American Association of Residential Mortgage Regulators and was a member of the CSBS state regulatory registry board of managers.

The CSBS is the national organization of financial regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands. —Traci Parks

RBC hires JPMorgan’s Wagner as head of private capital markets

Royal Bank of Canada hired JPMorgan Chase Managing Director Troy Wagner as global head of private capital markets, according to people with knowledge of the matter. Wagner is set to join the Canadian lender's investment-banking arm, RBC Capital Markets, after a period of gardening leave, reporting to Jim Wolfe, head of global investment-banking capital markets, some of the people said, asking not to be identified discussing confidential information. Wagner succeeds Ricardo McKenzie, who left RBC to join Wells Fargo.

Representatives for RBC and JPMorgan declined to comment.

Wagner joined JPMorgan in 2019 from Perella Weinberg Partners, where he was a partner. Before that, he worked at Barclays and predecessor firm Lehman Brothers, according to his LinkedIn profile. He's based in New York, Financial Industry Regulatory Authority records show. —Gillian Tan, Bloomberg News

Morgan Stanley names James Hu as vice chairman of China business

Morgan Stanley has named James Hu as vice chairman of China as the U.S. bank seeks to build up its investment banking business in the world's second-largest economy. Hu will work closely with offshore and onshore teams to help boost the China investment banking business by growing its client base and strengthening senior client relationships across sectors, according to a memo seen by Bloomberg News. The appointment was confirmed by a spokesperson for the bank.

Hu has more than 15 years of investment banking experience, most recently as vice chairman of Asia investment banking at Bank of America. He was previously head of China investment banking at BofA and also held senior leadership roles at Citigroup. —Manuel Baigorri, Bloomberg News

PNC’s COO to leave amid 'reorganization'

PNC Financial Services Group's chief operating officer is stepping down this summer and leaving the company next year, the bank revealed this week in a securities filing.

E. William "Bill" Parsley III will "cease to serve" as COO on July 1, PNC reported in an 8-K. From then until the end of the year, Parsley will serve as executive advisor, and then at the beginning of 2026 he will receive a severance package. He had been COO since 2018.

PNC said in the filing that the move was made "in connection with the planned reorganization of certain operating functions" under Parsley "that will be transitioned to other core lines of business and the finance function" of the bank.

On April 7, PNC announced that it was hiring BlackRock veteran Mark Wiedman as president of both the bank and its parent company, effective immediately. —Nathan Place