california

12 markets hit hardest by slashing the mortgage interest deduction

11/09/17

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

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Anticipation builds for more de novos as Calif. bank inches closer to opening

11/08/17

Endeavor Bank in San Diego aims to be the third new bank to open this year. There is hope that as many as eight new institutions could open in 2018.

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Suncrest to expand in central California with latest bank deal

11/08/17

The company has agreed to buy CBBC Bancorp. It also raised $63 million to pay for the deal and fund future growth.

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Pot banking solution: A publicly chartered bank?

11/07/17

With marijuana sales set to become legal in California soon, a working group there says that a state-backed financial institution should be among the measures weighed to address the lack of banking services available to the pot industry.

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Former Banc of California chief resurfaces with new financial firm

11/06/17

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

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GOP tax plan may not be so bad for housing after all, analysts claim

11/03/17

A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

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American River in Calif. lines up next CEO

10/30/17

David Ritchie, a regional manager for U.S. Bank, will succeed the retiring David Tabor in early November.

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PacWest's 3Q profit climbs 8% on lower income tax rate

10/17/17

PacWest reversed a valuation allowance on tax credits, which helped boost third-quarter earnings. PacWest also expects its deal for CU Bancorp to close this week.

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California extends ban against Wells Fargo due to scandals

10/16/17

Wells Fargo was barred by California's treasurer from being hired for another year because of the bank's fraudulent account scandal, leaving the company largely cut off from underwriting work with one of the nation's biggest municipal-bond issuers.

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Calif. bars financial firms from imposing mandatory arbitration

10/05/17

Wells Fargo's home state of California passed a law aimed at curtailing the bank's use of closed-door arbitration to shroud complaints from aggrieved customers affected by its scandals.

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