Allissa Kline

Key insight: Hancock Whitney in Gulfport, Mississippi, has signed a definitive agreement to acquire OFB Bancshares in Orlando, Florida, marking another step in its Sunshine State expansion push.

Key insight: A federal judge in San Francisco approved a settlement agreement between Wells Fargo and shareholders who accused the bank of discriminatory hiring and lending practices.

Key insight: Flagstar Bank extended CEO Joseph Otting's employment contract by one year and announced other leadership changes, as the Long Island-based bank continues to recover from a near-collapse.

Key insight: Citi's annual say-on-pay resolution received far less support this year than it did in 2025. A proxy advisory firm had recommended a "no" vote.

Flagstar Bank has extended CEO Joseph Otting's contract through March 2028, as the bank continues its turnaround. Flagstar also named CFO Lee Smith and executive Richard Raffetto as co-presidents and co-chief operating officers, signaling potential succession planning. Additional leadership changes include expanded roles for General Counsel Bao Nguyen and other executives. The bank said the moves strengthen management continuity and support its long-term transformation strategy.

Key insight: BMO Financial Group is poised for more growth in the U.S. following a series of changes to its stateside balance sheet, executives said Wednesday.

Globally, the war had varying impacts on banks' first-quarter provisions, according to a new report. U.S. banks reported limited reserve-building in response to the conflict.

Bank CEO pay increased across asset sizes last year, a return to the normal trend after a down 2024. But it was the chief executives of the biggest banks that received the largest year-over-year boosts in total direct compensation.

The megabank promoted Margo Pilic, CEO Jane Fraser's chief of staff since 2021, to a new job that combines bank strategy with investor communications. The promotion was one of several leadership changes announced by the bank.

Key insight: Truist appointed Cathy Bessant, former vice chair of global strategy at Bank of America, as its newest board member.