California

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.

First Foundation in Irvine, Calif., has begun an initial public offering to raise up to $100 million.

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.

Suncrest Bank in Visalia, Calif., has agreed to buy Sutter Community Bank in Yuba City, Calif., for $9.4 million in stock.

Renee Nash was named to the $155 million-asset bank's board Monday. Folsom Lake's board has varied in number over the years, between nine and 12 members. The bank currently has 10 directors.

American Riviera Bank in Santa Barbara, Calif., has agreed to buy Bank of Santa Barbara.

Preferred Bank in Los Angeles has agreed to buy United International Bank in Flushing, N.Y.

Ten credit unions have signed on to CU Direct' AutoPREMIER service, a car-buying solution designed to enhance member service during the auto-buying process and help CUs retain member loans.

RealtyMogul.com, a Los Angeles-based marketplace lending platform, announced a new $35 million round in venture capital funding Tuesday.

Bank of Stockton in California has agreed to acquire three California branches of from First Banks in Clayton, Mo, according to The Record in Stockton.

Anita Young will be the $1.4 billion-asset First Foundation's director of specialty deposits and target cash management services at niche business clients.

Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.

First Choice Bank, in Cerritos, Calif., has raised $30 million from a secondary stock offering.

Clearinghouse CDFI in Lake Forest, Calif., has acquired Arizona MultiBank Community Development, a community development financial institution that operates in the Southwestern U.S. and on Native American reservations.

Hanmi Financial in Los Angeles has a new look for its retail bank.