News Topic: california

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month. ... Read full article

The $34 million acquisition is expected to strengthen Central Valley's banking operations in northern California. ... Read full article

Doug Bowers will serve as the permanent replacement for Steven Sugarman, who resigned in January. ... Read full article

Unable to outspend big banks on technology, Asian-American banks are marketing to different ethnic groups and immigrants, sponsoring events for youth and young professionals and emphasizing in-person service. ... Read full article

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year. ... Read full article

The California company's credit issues eased some in the first quarter, though earnings were down from a year earlier due to charges tied to cost cutting and reductions in three loan categories. ... Read full article

Opus Bank has added Paul Greig, who was CEO of FirstMerit until its sale in July, as a director. ... Read full article

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California. ... Read full article

The Office of the Comptroller of the Currency issued the directive following an interim examination. ... Read full article

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year. ... Read full article

The California company will lease space on three floors of the building, while keeping a branch at the location. ... Read full article

The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth. ... Read full article

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings. ... Read full article

A strong economy, large numbers of small businesses and a shakeout from industry consolidation are making the area between Los Angeles and San Diego appealing to bank organizers. ... Read full article

The OCC wants California First to implement “prudent concentration limits” on leveraged loans. ... Read full article

The California bank has hired an outside firm to review its loans and will de-emphasize health care lending. ... Read full article

Loans, deposits and revenue all rose solidly compared to a year earlier. ... Read full article

Income from derivative fees climbs 47%. ... Read full article