California

SAN FRANCISCO — SF Police Credit Union made it official for Eddie Young last week, announcing he is the new head of the $730 million institution. Young had been serving as acting president and CEO since September 2013.

The Federal Deposit Insurance Corp. issued two consent orders and terminated 21 enforcement actions in February, according to its latest roundup of regulatory orders.

Golden Pacific Bancorp and financial technology firm Better Finance have teamed up to create an online lending program that is designed to sharply reduce the time it takes to approve and process an SBA loan.

Los Angeles banker Maria Contreras-Sweet has been confirmed as the new head of the U.S. Small Business Administration.

EL SEGUNDO, Calif. — A recent study found the No. 1 feature consumers look for in a bank or credit union is low or no fees, which should be an advantage credit unions can leverage, according to one analyst.

PacWest Bancorp's pending purchase of CapitalSource has been pushed back as the deal awaits approval from the Federal Reserve Board.

PLEASANTON, Calif. — For many credit unions, one of the biggest technology undertakings is upgrading the core system, which is on tap for Safe America Credit union.

As home equity lines of credit hit the five-year mark and borrowers have to start repaying principal, lenders might have to modify these second liens to avert defaults.

River Valley Community Bank (RVVY) in Yuba City, Calif., is set to have a new chief executive.

Oak Valley Bancorp (OVLY) in Oakdale, Calif., has restated its fourth-quarter earnings after discovering that it made an error accounting for a common stock dividend.

Over half of Americans blame Target and Neiman Marcus for the recent data breaches suffered by their customers and think merchants should prevent future incidents, according to a national survey commissioned by Feedzai.

Cybersecurity firm Trustwave has acquired Cenzic, a company that helps organizations test their applications' vulnerability to hacker attacks.

First Republic Bank (FRC) in San Francisco is planning to sell more than 3.5 million shares of common stock.

A lawsuit alleges that Democratic Gov. Jerry Brown violated state law by diverting hundreds of millions of dollars from the national mortgage settlement into California's general fund.

Third Federal Savings and Loan in Cleveland is planning to expand its residential lending into several additional states.

Credit Karma has raised $85 million in equity funds from Google Capital and existing investors Tiger Global, Ribbit Capital and Susquehanna Growth Equity.

Community West Bancshares (CWBC) in Goleta, Calif., has been freed from a written agreement with the Federal Reserve Bank of San Francisco.

The $3.7 billion-asset company filed a registration form with the Federal Deposit Insurance Corp. on March 10 for an initial public offering.

Heritage Oaks (HEOP) in Paso Robles, Calif., has hired a new chief financial officer.

1st Capital Bank (FISB) in Monterey, Calif., has hired Michael Winiarski as its new chief financial officer.