Margarida Correia

The restructuring of the business following the May 2011 acquisition of Wilmington Trust is largely over, enabling it to grow.

The new hire will oversee the private banking and investment management services Umpqua offers to the high-net-worth.

"They like what we do. They like the capabilities. They like the technology we have," he said of the clients drawn to the bank's wealth management platform.

The broker breached two promissory notes, which had outstanding balances of $544,000 and $345,000, according to a FINRA arbitration ruling.

The bank tapped the leader of Wells Fargo Securities to succeed David Carroll.

The investment services programs of Athens Federal Community Bank and Androscoggin Bank command $201 million in client assets.

The bank sees the greatest growth coming from its own customer base, particularly the emerging affluent.

The rep refused to provide the regulator with the documents it requested to investigate the allegations that he stole money from an elderly couple.

The former Fifth Third program manager will also help Cetera-affiliated banks and credit unions grow their wealth management programs by increasing client wallet share.

A FINRA arbitration panel ordered the broker to give back the bulk of his $675,000 signing bonus to SunTrust.

In a complaint filed in federal court, PNC fired back at the hearing panel, saying that it exceeded its authority by disregarding the law.

The number of employees involved in compliance and regulatory work at U.S. Bank doubled over the past three years.

One refused to cooperate with an investigation into allegations that he engaged in unauthorized trading in two customers' accounts.

As second-story advisers, they can focus on servicing their books without the burden of helping the branches with training and sales development.

The launch comes as banks and other players in the advisory industry vie for the $30 trillion in wealth that is expected to change hands in next several decades.

Nine executives were recently tapped to lead wealth management and related investment services groups at several financial institutions, including Fifth Third, Huntington and J.P. Morgan Chase. Find out who they are and what their new roles entail.

The former Provident Bank wealth executive will be responsible for growing the U.S. wealth business and overseeing the development of the adviser program.

Mike Michael, an executive vice president and regional president, takes over the business from Philip McHugh, who now heads the consumer bank.

Despite initial reservations, the advisers eventually viewed the cuts as the right thing to do in light of the industry's shift to a fiduciary standard of care.

"If there are opportunities that present themselves, we will take a look," said U.S. Bank CEO Andy Cecere.