State Coverage: California
Hana Financial to Acquire Stake in a Los Angeles Bank
American Banker | Feb 10Hana Financial Group of Seoul, South Korea, has agreed to buy newly issued shares of common stock, and a 51% ownership interest, in Saehan Bancorp in Los Angeles.
Community West Reports $8.6 Million Loss, Discloses Enforcement Action
American Banker | Feb 01Community West Bank in Goleta, Calif., is under orders from its regulator to beef up its capital levels and improve oversight of its loan portfolio.
Under Pressure to Sell Itself, First California Hires Investment Bank
American Banker | Feb 01With two of its largest investors pressuring it to find a buyer, First California Financial Group Inc. in Westlake Village has hired an unnamed investment bank to help it explore its options.
Regulators Lift Orders Against Open Bank in California
American Banker | Jan 30Regulators have terminated two cease-and-desist orders against a small Los Angeles commercial bank after a recapitalization effort and a management shakeup.
SVB Financial in California Finds Loan Growth as Earnings Rise
American Banker | Jan 26SVB Financial Group's fourth-quarter net income was more than double what it earned a year earlier, at $35.6 million.
Cathay General Reports 68% Jump in 4Q Earnings
American Banker | Jan 23Fueled by a lower provision for loan losses and rising net interest income, Cathay General Bancorp's profits surged more than 68% in the fourth quarter, to $23.6 million, from a year earlier.
East West Post's Record Earnings, Will Double Dividend
American Banker | Jan 20East West Bancorp Inc.'s shares surged early Friday following news that the Pasadena, Calif., company had a record-breaking 2011 and plans to double its dividend.
Grandpoint Inks Another Deal in California
American Banker | Jan 20Serial acquirer Grandpoint Capital Inc. has announced its first acquisition of 2012 as it prepares for the closing of its last announced deal.
Westamerica's Net Income Falls 8%
American Banker | Jan 19Westamerica Bancorp. in San Rafael, Calif., reported fourth-quarter earnings of $21.8 million, down 8% from a year earlier.
Loss-Sharing Pacts Boost PacWest's 4Q Profits
American Banker | Jan 18PacWest Bancorp in Los Angeles reported higher quarterly earnings Wednesday after recouping more covered losses from its failed-bank acquisitions.
First Republic 4Q Profit Tops $90 Million
American Banker | Jan 17Strong loan growth combined with a surge in wealth management assets powered First Republic Bank in San Francisco to a $90.7 million profit in the fourth quarter, up 19% from the same period in 2010.
Pohlad Family Pressures First California Financial to Find a Buyer
American Banker | Jan 13Shares of the thinly traded First California Financial Group Inc. soared Friday after it was disclosed in a Securities and Exchange Commission filing that the wealthy owners of the Minnesota Twins baseball club have acquired a large stake in the banking company and are pushing for its sale.
Strong Loan Quality Drives Chino Commercial's Profits
American Banker | Jan 10Chino Commercial Bancorp in California reported fourth-quarter earnings of almost $168,000, three times higher than a year earlier, and year-end income of more than $441,000, about 45% higher than 2010s results.
Broadway Financial in Los Angeles Complies with Nasdaq Rules
American Banker | Dec 28Broadway Financial Corp. in Los Angeles said Wednesday that it once again complies with Nasdaq listing requirements after filing its third-quarter earnings with the Securities and Exchange Commission.
Pacific Capital Pays Down $35 Million Debt
American Banker | Dec 20Pacific Capital Bancorp in Santa Barbara, Calif., is using some of its excess cash to pay down debt and resume paying interest on trust preferred securities.
More California News
- Bank of the West to Expand Small-Business Lending Unit
- Broadway Financial in Los Angeles Receives Delisting Warning from Nasdaq
- In Latest California Deal, Professional Business Bank and Bank of Manhattan Announce Merger
- First Northern in California Buys Back Tarp Warrant
- Hanmi Financial Sets Pricing for Common Stock Sale
- Nara, Center Merger Receives Final Regulatory Approval
- Opus in California Raises $100M for Acquisitions, Branch Openings
- Nara Scales Back Stock Offering as Profits Soar
- SVB's Shares Spike on Strong 3Q Earnings
- Silicon Valley Bank Inching Closer to Deal with Chinese Bank
- Loan Growth Boosts Earnings at East West, Cathay
- Sabal Buys a $153 Million Loan Portfolio
- Huntington, Security Bank Add Branches
- $1.5B Credit Union Eyes Conversion; Would Be Biggest Yet
- Bank of Internet is Now BofI Federal Bank





















