Kasasa, a financial technology company that designs and markets checking and savings accounts for community banks and credit unions, has partnered with financial engineering firm Thomas Ho Co. Ltd to provide banks and credit unions with a balance sheet management tool.
Thomaston Savings Bank has named Francesca Kracht as its next chief risk officer. Kracht replaces Nancy O’Donnell, who retired from the bank at the end of December.
Nancy O’Donnell, Thomaston Savings Bank’s senior vice president and chief risk officer, retired from the bank last week.
Stamford-based Webster Bank has joined four other regional banks as part of a new consortium focused on the risks banks face related to climate change.
Torrington Savings Bank has hired Bohdana Kozak as senior vice president and chief risk officer, adding her to the bank’s executive team.
Citigroup has agreed to pay a $400 million fine imposed by U.S. regulators for failing to shore up the bank’s operations.
More than a third of leaders at banks, credit unions and alternative lenders prioritize growing their portfolios over other concerns, like reducing credit and exam risk, according to a recent survey conducted by Sageworks.
