PONCE FEDERAL BANK in Puerto Rico said its president and chief operating officer, Rafael Blanco, has assumed the additional post of chief executive officer.
He replaces Hans Hertell, who resigned as chief executive in June.
STATE BANK of Long Island, New Hyde Park, N.Y., has appointed Carl R. Bruno a director of the bank and its holding company, State Bancorp.
Mr, Bruno is chief financial officer of DiFazio Electric, a major electrical contractor based in Deer Park, N.Y.
The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
A roundup of the past year's profiles of senior executive women in banking and finance.
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
Looking back at the year, this is how they impacted the financial services industry.
Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues. That's one of several top regulatory news items in 2024.
The Federal Reserve is poised to make several key decisions during the year ahead that will impact monetary policy both in the near term and for years to come.
