California

The California company said it has no timeline for Russell Colombo's expected retirement.

Marji Hughes is leading the California-based institution on a temporary basis as the board searches for its next CEO.

As the industry considers a movement-wide focus on diversity and inclusion, some at the annual Inclusiv conference say there are opportunities for credit unions to better serve immigrants and have more diverse staffs.

Hispanics will make up more than half of new homeowners by 2030, and credit unions need to actively market to this demographic, according to a panel discussion at Inclusiv's annual conference.

Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.

The California Senate passed a bill that could force Uber and other gig economy giants to reclassify their workers as employees.

The unnamed borrower was the victim of an alleged scam by another company.

Both banks focus on the Chinese-American community.

David Justice, chief operating officer, will take over for the retiring RaAnn Wood on Nov. 1.

AltaPacific's recent agreement to sell itself to Banner Corp. came after it started down a list 14 financial institutions last year, held discussions with at least nine suitors, and considered deals with a credit union and a business development company.