California

FNB Bancorp in South San Francisco, Calif., has acquired America California Bank in San Francisco.

Community 1st Bank in Auburn, Calif., has named Kevin Watson chief financial officer.

The San Francisco company hopes to lower its costs by driving out human intervention as much as possible. To get there, it has made the counterintuitive decision to locate its operations staff in one of the country’s most expensive cities.

Summit State Bank in Santa Rosa, Calif., has exited the Small Business Lending Fund.

Ebrahim Shabudin, former chief operating officer and chief credit officer at United Commercial Bank in San Francisco, has been sentenced to 97 months in prison for securities fraud related to the bank's failure.

Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.

Oak Valley Bancorp in Oakdale, Calif., has agreed to buy Mother Lode Bank in Sonora, Calif.

Tri-Valley Bank in San Ramon, Calif., plans to raise $1.35 million in a private placement of its common stock.

Santa Cruz County Bank in California has named Angelo DeBernardo its chief lending officer.

Heritage Oaks Bancorp in Paso Robles, Calif., has named Jason Castle chief financial officer, following CFO Lonny Robinson's resignation after grooming him for the job.