california

Preferred Bank to take 1Q hit on foreclosed Manhattan condos

04/01/19

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value.

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CEO of failed credit union says examiner past helped fuel fraud

04/01/19

Edward Rostohar was arrested after his wife informed authorities he stole from CBS Employees Federal Credit Union and was preparing to flee the country.

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Banks on guard for credit glitches in tech sector

03/26/19

Some lenders, especially in markets like California, are preparing in case of a technology-industry stumble that hurts business, real estate and other loan segments. Whether those fears are well founded is a matter of debate.

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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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