california

Opus taps banking veteran Paul Greig as its lead independent director

05/03/17

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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