News Topic: california

The company, which recently shareda three-year plan to bring in more lower-cost deposits and commercial loans, seems ready to play offense a year after the abrupt ouster of its CEO. ... Read full article

The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million. ... Read full article

Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform. ... Read full article

Seacoast Commerce is San Diego is already one of the biggest Small Business Administration lenders — half the loans on its books are tied to SBA programs. But will its underwriting hold up outside its traditional markets? ... Read full article

Nano Financial will offer new technology to Commerce Bank's commercial customers as it considers ways to license it to other financial institutions. ... Read full article

Attorney General Jeff Sessions did not keep the rest of Washington apprised of his plan to rescind an Obama-era memo on pot. Now Fincen and other federal banking agencies are dealing with the backlash from that decision. ... Read full article

Which large and midcap bank stocks have the most momentum? These 12 banks started the year off with the biggest bang, as measured by gains in stock price. ... Read full article

Endeavor Bank, which raised nearly $27 million, will become the second new bank to open in California in the past year when it debuts next week. ... Read full article

If Congress doesn’t take the lead on better protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse. ... Read full article

The company has agreed to pay more than $50 million for United American Bank. ... Read full article

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries. ... Read full article

PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to ... Read full article

Doug Bowers contends that last year’s leadership shake-up, job cuts and corporate governance overhaul will make the company more competitive in its home state. ... Read full article

Acquirers announced deals in California, Missouri and Pennsylvania on the last business day of 2017, raising the year's final tally to 245 transactions. ... Read full article

Provident Financial Holdings in Riverside, Calif., announced that it expects to record a $650,000 litigation charge to settle two more long-running lawsuits related to overtime compensation. ... Read full article

Heritage Commerce will pay $32 million for Tri-Valley in a deal that should be accretive to tangible book value and earnings. ... Read full article

The company agreed to buy PBB Bancorp in Los Angeles just five weeks after completing its last bank acquisition. ... Read full article

Amalgamated in New York wants to enter several left-leaning cities across the country, but it might be tough to find more like-minded banks to buy. ... Read full article