News Topic: california

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary. ... Read full article

The California congresswoman would be the first woman and first African-American to lead the committee. ... Read full article

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before. ... Read full article

Uniti Financial focuses on the Korean-American community through three offices around Los Angeles. ... Read full article

Simone Lagomarsino, former CEO of Heritage Oak Bank, will succeed John Biggs next month. ... Read full article

Its bid for El Dorado Savings wasn’t the highest, but PacWest's image as a skilled dealmaker added value to its offer in the seller’s eyes. ... Read full article

Faciam Holdings will pay nearly $68 million for Summit Bancshares. ... Read full article

Stephen Gordon, who led the bank's recapitalization in 2010, is being replaced as CEO on an interim basis by former FirstMerit CEO Paul Grieg. ... Read full article

Silvergate is selling the branch to focus more on fintech deposits and specialty lending. ... Read full article

The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms. ... Read full article

Assessments of damage to branches and customers' homes have been elusive. ... Read full article

Real estate and mortgage industry groups outspent proponents three-to-one to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws. ... Read full article

ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer. ... Read full article

JPMorgan Chase plans to open a fintech campus in Palo Alto, California, part of the bank's efforts to attract more Silicon Valley talent. ... Read full article

The California company reported increases in loans and deposits, along with a wider net interest margin. ... Read full article

In what would be its third acquisition in a year, the company formerly known as BofI Holding is buying a firm that clears trades for independent broker-dealers. ... Read full article

Hanmi alleges that SWNB's directors actively advised the Houston bank's investors to reject the merger. ... Read full article

First Foundation sold loans to Freddie Mac to free up space for higher-yielding credits. It then bought the securities that were formed to replace other, lower-yielding assets through an often overlooked program. ... Read full article