Facing Nasdaq Delisting, Some Go the DIY Route

In recent weeks some bank stocks have been delisted for failing to meet the market's $1 minimum bid price requirement, and as Nasdaq cracks down, other banks are choosing to ...

Largest CU Merger Set

In what would be the biggest credit union merger to date, Addison Avenue Federal Credit Union and First Tech Credit Union have announced an agreement to combine and create ...

Heritage Seeks $60 Million

Heritage Oaks Bancorp in Paso Robles, Calif., said it plans to raise $60 million through a private placement of preferred shares.

City National Finishes Repaying Tarp Funds

City National in Los Angeles announced Thursday that it has completed repaying the Treasury Department's $400M investment made under the Troubled Asset Relief Program.

Executive Changes

Valley Commerce Posts Loss

Valley Commerce Bancorp of Visalia, Calif., said it lost $2.1 million in the fourth quarter, compared with earnings of $417,000 a year earlier.

Quarterly Earnings Fall at California United

California United Bank in Encino on Monday announced a 63% decline in profits for 2009 compared with 2008.

PacWest Sheds Troubled Loans

PacWest Bancorp in San Diego has sold off a significant portion of its troubled loans at a steep discount in an attempt to refocus on growth.

California's Sonoma Must Restate 3Q Results

Sonoma Valley Bancorp has been required to restate its third-quarter results after a recent regulatory exam.

Failed-Bank Winners Share Secrets to Success

Small banks face myriad and often frustrating obstacles to acquiring failed banks. But some smart strategies have separated the successful bidders from the rest, including raising ...

IndyMac Buyers Pick Up Another Failed Bank

Four Collapses Bring Yearly Total to 20

Four failures late Friday cost the government an additional $1B. Among the closings, which brought the year's total to 20, was that of $3.6B-asset La Jolla Bank in La Jolla, Calif.

OTS Takes Action Against La Jolla Bank

The Office of Thrift Supervision has issued a prompt corrective action against La Jolla Bank of Rancho Santa Fe, Calif., ordering the thrift to merge with another institution or ...

Tamalpais Depletes Capital

Tamalpais Bancorp said late Tuesday that it was in a negative capital position, with a total risk-based capital ratio of minus-0.11% at Dec. 31.

Saehan Reports Loss, Capital Concerns

Despite shrinking assets by a fifth in 2009, Saehan Bancorp in Los Angeles reported that its bank unit was significantly undercapitalized at the end of the 4Q.