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The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% in 2015 from 5.9% in 2011.
June 12
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Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced.
June 7
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he $640 million credit union is conducting a nationwide search for a successor to John Walling, who will retire July 31.
June 6
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The California Reinvestment Coalition is pressing regulators to reject the $700 million bank merger unless PacWest commits more resources to underserved groups in Southern California.
June 2 -
Credit union will switch core processors in October, becoming the 21st Share One client in California.
May 31
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Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.
May 30
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Bay Area CU launches Business Banking Division to increase, diversify loan portfolio.
May 24
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Loan origination system part of company’s lending technology push.
May 16
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The bank also announced that it has recruited a BancWest executive to replace Michael Descheneaux as CFO.
May 15
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Five Star Bancorp in California is the latest bank to work with a marketplace lender on referrals. The move comes as the SBA programs have record volumes while concerns linger about banks working with third parties.
May 5
