California

California State & Federal Employees Credit Union was approved to expand its FOM to Humboldt, Del Norte and Trinity Counties

The company has agreed to buy CBBC Bancorp. It also raised $63 million to pay for the deal and fund future growth.

With marijuana sales set to become legal in California soon, a working group there says that a state-backed financial institution should be among the measures weighed to address the lack of banking services available to the pot industry.

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

David Ritchie, a regional manager for U.S. Bank, will succeed the retiring David Tabor in early November.

A new partnership from two of the nation's largest CUSOs will give more credit unions the opportunity to use the Lending 360 loan origination system.

Chief among the credit union’s aid efforts are low- and no-interest loans, and initiatives in concert with other area service providers.

PacWest reversed a valuation allowance on tax credits, which helped boost third-quarter earnings. PacWest also expects its deal for CU Bancorp to close this week.

Wells Fargo was barred by California's treasurer from being hired for another year because of the bank's fraudulent account scandal, leaving the company largely cut off from underwriting work with one of the nation's biggest municipal-bond issuers.