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38% of men received promotions with pay increases in 2023, compared to only 32% of women.

The former EVP replaces Dietrich Kuhlmann, who succeeded the now-retired Mary McDuffie as CEO.

He will succeed Lora Benrud, who plans to retire in September after 40 years of service.

The action aims to give credit unions and banks better tools to lend or modify loans in wildfire-damaged areas.

Thirty-eight mergers got the federal agency's nod during Q4, bringing the total year-end consolidation number to 145, down from 181 in 2022.

If approved by regulators and shareholders, the proposed purchase is expected to close during the fourth quarter.