California

The Bay Area is a booming market with a limited number of smaller banks. The high premium Presidio is receiving from Heritage Commerce might spark more M&A activity.

Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition.

Edward Rostohar, who was CEO of CBS Employees Federal Credit Union, could face up to 15 years in prison following a $40 million scheme that brought down the institution.

Manuel Alvarez, who became commissioner of the Department of Business Oversight on Monday, is the former general counsel and chief compliance officer at the online lender Affirm.

Heightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S.-Mexico border.

The collaboration will include establishing an i3 presence at CU Direct's Irvine, Calif., campus.

The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement.

Kathryn Davis will take over later this month following the retirement of CEO Hank Barrett.

The Capitola, Calif.-based institution reached the milestone a few months after acquiring another credit union.

Give Lindsay Lawrence a big job to do and she just might find a way to make it even bigger.

Paul Taylor previously served as CEO of Guaranty Bancorp in Denver, which was sold in January to Independent Bank.

Shelley Seifert had been the bank's chief operating officer.

The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.

The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.

After the merger is completed, Cedars-Sinai Federal Credit Union's one branch will be relocated.

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth.

The San Jose, Calif.-based credit union decided to make the change because there were too many other financial institutions with a similar name.

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.

A bill recently introduced in the California state assembly would create a framework for local governments to set up their own taxpayer-owned banks. It’s more specific than other public-bank proposals, which raised more questions than they answered, but still faces long odds.

Mendell Thompson, who has led the California-based institution for 33 years, will leave in March 2020.