California

Banc of California in Irvine is looking for a new chief financial officer, after Ronald Nicolas announced his resignation.

CU Direct, a provider of lending, automotive and strategic solutions to the credit union industry headquartered here, on Wednesday said it has entered into a new agreement with Credit Union Leasing of America (CULA).

Broadway Financial in Los Angeles has named former MUFG Union Bank executive Erin Selleck to its board.

Presidio Bank in San Francisco has named Larry Nibbi, a minority owner of the San Francisco Giants, to its board.

Jolina M. Sanchez faces trial for allegedly diverting over $300,000 in member deposits.

Bank of the West in San Francisco has sold its insurance subsidiary to an insurance brokerage.

Intuvo, a division of CU Direct that provides marketing automation software to the credit union industry, announced that it has entered into new partnership agreements with four credit unions.

Coast Bancorp has sold two buildings next to its bank's headquarters in San Luis Obispo, Calif., and has refinanced debt.

Banc of California in Irvine, Calif., has named James McKinney principal accounting officer

Heritage Oaks Bancorp in Paso Robles, Calif., has purchased of $3 million worth of its trust-preferred securities.