california

A 'transformational' merger, three years in the making

03/20/19

Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles.

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California seeks to revoke auto title lender's license

03/19/19

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts.

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Rabobank Group selling U.S. bank to Mechanics

03/15/19

Mechanics, owned by a fund tied to investor Gerald J. Ford, will pay $2 billion for Rabobank in California.

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Heritage Commerce discloses CRE exposure to energy firm's bankruptcy

03/15/19

The California banking company has two loans tied to DC Solar that are on nonaccrual status.

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Banks face collateral damage from clean energy firm's bankruptcy

03/08/19

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

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Axos warns of large 1Q charge from issue at brokerage unit

03/08/19

The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.

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California bank is working with fintech firm to help business clients

03/07/19

Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.

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Banc of California hires CEO with specialty lending, M&A experience

03/05/19

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

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Banks won’t be able to remain on sidelines of privacy debate

03/03/19

The data breach at Equifax and Facebook's scandals have made data privacy a big issue to state and federal lawmakers. Here's why banks need to be worried.

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The states at the forefront of consumer privacy legislation

03/03/19

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue.

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