California

Less than six months after completing its first bank acquisition, First General Bank in Rowland Heights, Calif., has struck another deal.

Boston Private Financial Holdings Inc. has combined its four banks in New England, California and the Pacific Northwest under a single charter.

Less than six months after closing its first-ever bank acquisition, First General Bank in Rowland Heights, Calif., has struck a deal to buy another small bank.

Hancock Holding Co. in Gulfport, Miss., and PacWest Bancorp in Los Angeles are scheduled to exchange Standard & Poor's indexes.

Community West Bancshares in Goleta, Calif., said Friday that it may revise its first-quarter results to reflect an expected $670,000 increase in its allowance for loan losses.

Wescom Credit Union of Pasadena, Calif., said Wednesday that its Wescom Resources Group has signed with PayPal Inc. to offer person-to-person payment services to credit unions.

Berkshire Hills Bancorp Inc. and Legacy Bancorp Inc., both of Pittsfield, Mass., have agreed to sell off four overlapping branches as a condition of their merger.

Bay Commercial Bank in Walnut Creek, Calif., is moving into the Silicon Valley market with a deal to acquire the $66 million-asset Global Trust Bank for $15.3 million in cash and stock.

Tri-Valley Bank in San Ramon, Calif., is looking to raise roughly $7 million in a private placement that the bank said it would use to support growth and boost its capital levels.

Wilshire Bancorp Inc. in Los Angeles is planning to raise up to $115 million in a public offering. The $2.8 billion-asset company said it plans to sell $100 million with an over-allotment option for another $15 million shares of common stock.

First PacTrust Bancorp Inc. in Chula Vista, Calif., has hired Marangal Domingo to serve as its chief financial officer.

The newly chartered United Resources Federal Credit Union in San Dimas, Calif., plans to start soliciting for up to $250 million in new capital, the corporate said on Friday.

Tri-Valley Bank in San Ramon, Calif., said late Tuesday that it added three directors and elected a former Wells Fargo & Co. executive to chair its board.

The Federal Reserve on Tuesday announced written agreements with three companies.

SVB Financial Group in Santa Clara, Calif., said Tuesday that it had completed a tender offer for its Silicon Valley Bank unit.

Shares of Wilshire Bancorp plunged early Tuesday after the Los Angeles company announced that it lost $52.1 million, or $1.77 per share, in the first quarter.

First-quarter earnings at SVB Financial Group in Santa Clara, Calif., nearly doubled from a year earlier, to $33 million, largely because of a release of loan-loss reserves.

The $17.5 billion-asset company's expertise with technology companies has fueled its growth in Asia, Europe, Israel and India. Next month it will make a big move into China, sending Ken Wilcox, its chief executive, to Shanghai to create a banking joint venture.

Commerce National Bank in Newport Beach Calif., on Monday posted a first-quarter profit that it credited largely to balance sheet growth.

Pacific Commerce Bank in Los Angeles said Friday that its chief executive has resigned to return to practicing law.