California

Merger will give PenFed a retail presence in the competitive San Diego marketplace.

Loans, deposits and revenue all rose solidly compared to a year earlier.

If underwriting standards at other lenders begin to fall, how will CUs respond?

Income from derivative fees climbs 47%.

Heritage Oaks in California ended talks with an unnamed institution when it couldn't get a response on a regulatory concern.

The acquisition is the first for Hope since a transformative merger last year.

The once high-flying company could also face higher legal costs tied to an SEC probe into recent disclosures.

The bank is among a handful of de novos to have its charter approved since 2009.

The company also admitted that certain details in an October press release were inaccurate.

The California bank, grappling with credit-quality issues, did not say when – or if – a successor will be named