State Coverage: California
Caution Pays Dividends for California's Malaga
American Banker | Nov 23Malaga Financial is among the truly elite. It had zero nonperforming loans at the end of the third quarter, a distinction shared by only 6.5% of banks and thrifts nationwide.
California's SVB to Raise $300M, Repay Tarp
American Banker | Nov 18SVB Financial Group says it plans to raise $300 million in a sale of common stock and use most of the proceeds to repay all of its government-issued capital.
Three Failures Take '09 Tally to 123
American Banker | Nov 16Two failures in Florida, including the collapse of Naples-based Orion Bank, and another in California late Friday brought the year's total to 123.
FDIC Speaks More Softly, Retains Stick
American Banker | Nov 16In a move that should help stressed banks avoid public relations fiascoes, the FDIC has toned down the harsh wording of orders it issues to such institutions.
Harrington CEO Says Next Step Is Finding Investors
American Banker | Nov 13Harrington West Financial is courting potential investors as the next step in recapitalizing itself, Craig J. Cerny, its chairman and CEO, said in an interview Thursday.
Tamalpais' 3Q Loss Ratchets Up Capital Pressure
American Banker | Nov 11Nonperforming assets rose dramatically at Tamalpais Bancorp in San Rafael, Calif., forcing it to swing to a loss of $5M in the third quarter, from a profit of $1.5 million a year earlier.
East West Deal to Bring California Clash with Cathay
American Banker | Nov 10East West Bancorp's takeover of the failed United Commercial Bank not only catapulted the struggling firm to new prominence, but it also sets up a showdown in California between ...
Implications of UCBH's Failure for Tarp Takers
American Banker | Nov 10The seizure of its $13B-asset United Commercial Bank on Friday suggests that even institutions the Treasury had the most confidence in a year ago are not all going to be ...
U.S., China Team Up on Failed San Francisco Bank
American Banker | Nov 09Officials announced the elaborate closing of United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's ...
California Tells Bank: Get Real Capital
American Banker | Nov 06Enforcement actions often call for banks to increase capital, but a recent order for Hanmi Financial shows regulators are getting pickier. They want more common equity.
FBOP's Subsidiaries Closed, Sold to U.S. Bank
American Banker | Nov 02Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19 billion in assets were closed by the government Friday night.
Failure in California is Year's 99th
American Banker | Oct 19San Joaquin Bank in Bakersfield, Calif., became the industry's 99th failed institution of the year late Friday.
Three West Coast Banks Sell Stock
American Banker | Oct 14Citing the possibility of regulatory orders that might impose higher capital requirements, three West Coast banking companies are moving forward with stock offerings.
Director Lends Struggler Half a Million, Credibility
American Banker | Oct 07As the former chief executive of Fair Isaac, Larry E. Rosenberger knows a thing or two about credit risk. Now he's taking one, by extending a $500,000 loan to the cash-strapped ...
Introducing 20-Year-Old 'Start-Ups'
American Banker | Oct 05For the banking industry's entrepreneurs, buying a small depository, rather than building one from scratch, has gone from the exception to the rule.
More California News
- A Twist on Reaching Out to Unbanked Hispanics
- Wilshire Aims to Raise Up to $100M
- Capital Plans Mull U.S. Repay
- UCBH Chief Out in Probe of Cover-Up
- Three More Banks Collapse
- Sierra Unveils $21M Private Placement
- California Credit Unions' Loan Troubles Rise
- Offering Tops Goal at Preferred Bank
- PacWest Raises Capital, Looks to Acquire Failures
- California Bank Weighs Options After it Loses $360M in 2Q
- East West to Offer 11 Million Shares
- East West Stock Surges as Investors Look Past Loss
- Jilted by Private Equity, Temecula Up Against a Deadline
- California IOUs: Tough Calls Run Gamut
- Thrift Giving Breaks Tries to Get One
