California

In a first for the credit union, Kinecta FCU will be the exclusive financial services partner of the Major League Soccer team and its home venue, StubHub Center.

Following a charter change from employee-based to a community-based field of membership, the credit union said the new name will help it reach its new base.

Mendell Thompson, president and CEO of America’s Christian Credit Union, was named mayor of Glendora, Calif. by the city council.

Doug Martinez succeeds John Walling, who spent 39 years at the helm.

The company has agreed to acquire Bank of Rio Vista to expand its operations in central California.

Former CEO Jeff York alleges retaliation by board related to proposed weight loss clause.

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego.

The company will take a nearly $10 million hit after setting aside funds to cover a case of potential borrower fraud.

If the merger is approved, the combined $2.2 billion-asset credit union would serve members in five states: Alaska, Arizona, California, Washington and Wyoming.