California

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to 2012. The settlement comes as the nonbank mortgage company continues its legal challenge to a separate regulatory action by the CFPB.

Doug Bowers contends that last year’s leadership shake-up, job cuts and corporate governance overhaul will make the company more competitive in its home state.

Acquirers announced deals in California, Missouri and Pennsylvania on the last business day of 2017, raising the year's final tally to 245 transactions.

The California-based credit union has seen significant growth among young members, but satisfaction rates were on the decline among all demographics due to long lines and wait times.

Provident Financial Holdings in Riverside, Calif., announced that it expects to record a $650,000 litigation charge to settle two more long-running lawsuits related to overtime compensation.

Heritage Commerce will pay $32 million for Tri-Valley in a deal that should be accretive to tangible book value and earnings.

Amalgamated in New York wants to enter several left-leaning cities across the country, but it might be tough to find more like-minded banks to buy.

The company agreed to buy PBB Bancorp in Los Angeles just five weeks after completing its last bank acquisition.

Amalgamated's purchase of New Resource Bank is part of a broader strategy to enter more U.S. markets.