California

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.

Altura Credit Union in Riverside, Calif., which reported a 2010 loss of $5.8 million, said Friday that it is closing four branches and laying off 26 employees, or 11% of its work force.

The Federal Reserve on Friday approved an application by China's Bank of Communications Co. to open a branch in San Francisco.

Professional Business Bank in Pasadena, Calif., has hired a former Citigroup Inc. executive as its chief credit officer.

Pacific Marine Credit Union in Camp Pendleton, Calif., on Friday said it acquired a branch from Provident Financial Holdings Inc. of Riverside, Calif.

California United Bank in Encino said Thursday that it raised about $10.3 million in a private placement mostly through 16 institutional investors.

Colony Financial in Los Angeles plans to sell common stock in a public offering that could raise up to $284 million.

The board of Commonwealth Business Bank in Los Angeles said Friday it did not renew the employment contract of the bank's chief executive.

First Financial Holding has 90 days to provide the Fed with a written plan to improve oversight of risk management and anti-money-laundering compliance.

A seemingly solid lending relationship can get dangerously big. Chris Myers, president and chief executive of CVB Financial Corp., learned this lesson the hard way.

CVB Financial Corp. in Ontario, Calif., said late Monday that it had sold the vast majority of the problem loans related to what had been its largest borrower.