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LAGUNA BEACH, Calif. — Federal Reserve Vice Chair for Supervision Michelle Bowman said the central bank is pressing ahead with a broad overhaul of bank supervision and regulation aimed at refocusing examiners on core financial risks, easing unnecessary burden—especially for community banks—and improving transparency after lessons from recent bank failures.

ROCHESTER, N.Y. — ESL Federal Credit Union here has completed its acquisition of substantially all assets of Generations Bancorp NY Inc., the holding company for Seneca Falls–based Generations Bank, according to the Central New York Business Journal.

MOUNT VERNON, Ohio —The $224-million CES Credit Union here has named Mike Copley president and chief executive officer, the organization announced.

CHICAGO — The Federal Reserve said it will resume accepting penny deposits from banks and credit unions at commercial coin distribution locations beginning Jan. 14, restoring services that had been suspended amid inventory constraints following the end of penny production.