California

Bank of Marin Bancorp (BMRC) in Novato, Calif., has agreed to acquire NorCal Community Bancorp (NCLC) in Alameda, Calif.

Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.

Avidbank Holdings (AVBH) in Palo Alto, Calif., has raised $16 million selling roughly 1.6 million shares of common stock in a private offering.

The NCUA has approved the mergers of several struggling credit unions, including four more in California.

First PacTrust Bancorp (BANC) in Irvine, Calif., is planning to raise about $46 million through a sale of common stock.

Heritage Commerce (HTBK) in San Jose, Calif., has teamed with a Bay Area nonprofit group to help low-income entrepreneurs secure startup capital.

Heritage Commerce (HTBK) in San Jose, Calif., plans to redeem $9 million of debt and exit the Troubled Asset Relief Program.

The Federal Reserve has taken action against one bank (Northwestern Bancorp in Traverse City, Mich.) and lifted an order on another (Saehan Bancorp in Los Angeles).

Union Bank in San Francisco has created a new bank account designed for the underbanked.

AmericanWest Bank in Spokane, Wash., has agreed to buy eight southern California branches from First PacTrust Bancorp in Irvine, Calif.

Pacific Mercantile Bancorp (PMBC) has postponed its annual meeting after it discovered that it awarded too many stock option grants to its former chief executive.

Low yields and the short-term impact of a strategy shift weighed on Pacific Mercantile Bancorp (PMBC) in the first quarter.

Union Bank will close 15 branches in central and southern California, including some locations recently acquired from Pacific Capital Bancorp.

After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.

Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., will raise roughly $30 million through a public offering of common stock.

NCAL Bancorp (NCAL) in Los Angeles is selling one of its five branches to a neighboring bank.

CVB Financial in Ontario, Calif., announced Friday that co-founder John Borba would retire from its board on Nov. 30.

California Republic Bancorp (CRPB) in Newport Beach, Calif., has completed a securitization of nearly $183 million of prime indirect automobile loans.

Rising mortgage lending and a growing wealth management business is propelling profits at First Republic Bank (FRC) in San Francisco.

Shares of Cathay General Bancorp soared Wednesday after the Los Angeles company reported a nearly 20% increase in its third-quarter profit.