Smith Wilkinson News Today

Branch Insurance has conducted a round of layoffs, according to a June 8 LinkedIn post by co-founder and CEO Steve Lekas. Lekas did not announce the

Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer.

Commercial loans at federally insured credit unions increased 25% to $132.2 billion in the third quarter of 2022, even though many institutions are facing a tough job market. Their answer is to find strong candidates within their own ranks.

With Weight Watchers hosting meetings online, its physical space was less of a priority. On the market for nine months, the property was priced aggressively.

NEW HIRES Maine Medical Partners announced the following new hires. Amit Sanyal, MD, has joined MaineHealth Cancer Care as senior medical director. Dr. Sanyal has practiced medical oncology for more than 20 years and recently served as the regional clinical program director for SSM Health Cancer Care in Wisconsin. He is board certified in medical […]

The land trust has conserved more than 1,600 acres.

An aging workforce will likely force banks to reconsider the employees they recruit, especially for executive roles.

JPMorgan Chase CEO Jamie Dimon and Bank of America Vice Chairman Paul Donofrio were among the high-level executives who last year received multimillion-dollar retention payments. The awards — sometimes known as “golden handcuffs” — were driven by the most competitive job market in recent history.

Wells Fargo, Citigroup and JPMorgan Chase were among the large banks that last year experienced net losses of high-level bankers in their corporate and commercial units, according to a new report. Bankers are leaving largely for jobs at private equity and debt funds, according to the authors.

Some community banks and credit unions worry that by hiring out-of-state workers to fill their many job openings, as other employers have done, they could erode community ties.