california

Banc of California reports lower profit after turbulent first quarter

05/03/17

The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.

[more]

Central Valley to buy Folsom Lake Bank in California

05/01/17

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

[more]

Old-school fixes for modern problems at Asian-American banks

04/27/17

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.

[more]

Former Square 1 Financial chief hired to run Banc of California

04/27/17

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

[more]

Sierra Bancorp to buy OCB Bancorp in California

04/25/17

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.

[more]

Opus returns to profitability despite ongoing challenges

04/24/17

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.

[more]

Ex-FirstMerit chief Greig joins board of struggling Calif. bank

04/11/17

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

[more]

PacWest to buy CU Bancorp in Los Angeles for $705 million

04/06/17

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

[more]

California First told to substantially reduce its portfolio of leveraged loans

04/04/17

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

[more]

Flagstar to buy West Coast mortgage lender

04/04/17

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

[more]