California

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month.

The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.

The $34 million acquisition is expected to strengthen Central Valley's banking operations in northern California.

Unable to outspend big banks on technology, Asian-American banks are marketing to different ethnic groups and immigrants, sponsoring events for youth and young professionals and emphasizing in-person service.

Doug Bowers will serve as the permanent replacement for Steven Sugarman, who resigned in January.

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year.

The California company's credit issues eased some in the first quarter, though earnings were down from a year earlier due to charges tied to cost cutting and reductions in three loan categories.

Credit union will switch May 1, becoming the 20th Share One client in California.

Opus Bank has added Paul Greig, who was CEO of FirstMerit until its sale in July, as a director.

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in Southern California.