California

California’s Richmond Community Foundation will pursue a new social impact bond vehicle with a $3 million revenue bond private placement it hopes to close next month with the local Mechanics Bank.

Opus Bank in Irvine, Calif., has promoted Jennifer Simmons to chief operating officer and appointed her to the executive committee.

Wells Fargo has eliminated foreign transaction fees for transactions made by small businesses made outside the U.S.

First Northern Community Bancorp in Dixon, Calif., has exited the Small Business Lending Fund.

Wells Fargo plans to systematically poach Credit Suisse's private brokers in the U.S. and their clients — and the Swiss bank is OK with that.

City National in Los Angeles reported a 3% increase in third-quarter profit, driven by double-digit loan growth.

The decision to terminate a shared-loss agreement with the Federal Deposit Insurance Corp. boosted third-quarter profits at East West Bancorp in Pasadena, Calif.

A federal appeals court has dealt the retail sector a setback in the ongoing fight over surcharges on credit card purchases.

Bank employees in Los Angeles staged a protest Monday against low wages and what the group calls "improper working conditions."

Communities First Financial in Fresno, Calif., has a new chief executive.