california

CIT pledges $7.75B reinvestment as part of Mutual of Omaha deal

11/01/19

CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.

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Bankers feel paralyzed in face of wildfires

10/29/19

Executives at banks in California say there's only so much they can do until the flames subside.

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City National bolsters its East Coast presence

10/24/19

The Los Angeles bank is taking its wealth management and entertainment financing businesses to Miami and Long Island as part of its effort to expand nationally.

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Bank of Southern California adds heft near Los Angeles with CalWest deal

10/22/19

The $32 million merger will create a bank with nearly $1 billion in assets.

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Multifamily loan concentration is no weakness, this bank says

10/20/19

Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.

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High-cost lenders already seeking ways around crackdown in California

10/15/19

A law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.

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What’s fueling Citizens’ westward expansion

10/09/19

The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t overreaching.

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California blazing a trail on banking policy for other blue states

10/08/19

The state's Democratic-controlled Legislature has enacted laws establishing data privacy rights, giving municipalities the ability to set up public banks, and requiring standardized disclosures on small-business loans, among other issues. Lawmakers elsewhere are taking notice.

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Public banking gets green light in California

10/03/19

A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.

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Bank of Marin begins search for next CEO

09/19/19

The California company said it has no timeline for Russell Colombo's expected retirement.

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