California

Charter Oak Bank of Napa, Calif., which is under regulatory pressure to raise capital, has agreed to be sold to Bay Commercial Bank in nearby Walnut Creek for $2.3 million.

Green Bank in Houston said Tuesday that it has completed the purchase of certain assets in Texas of the failed La Jolla Bank.

Hanmi Financial Corp. of Los Angeles said Thursday that its net loss improved in the third quarter and its bank returned to a well-capitalized regulatory standing.

Cathay General Bancorp of Los Angeles had income of $17.3 million for the third quarter compared with a net loss of $17.7 million a year earlier.

Nara Bancorp Inc. of Los Angeles swung to a $4 million profit in the third quarter, a 37% improvement from a year earlier, after selling a pool of problem loans.

Dozens of community banks are pushing hard to close acquisitions in the next few months because completing a deal could become much more costly in 2011.

The third-quarter performance of small and midsize banks in California — long a bellwether for the nation's community institutions — has given rise to some optimism.

San Diego Trust Bank Monday announced its 24th consecutive quarterly profit, reporting third-quarter earnings of $218,000, up 30% from a year earlier.

Farmers and Merchants Bank of Long Beach in California announced Monday that third-quarter earnings rose more than 10% from a year earlier.

Sierra Bancorp in Porterville, Calif., said Thursday that it would raise $22 million in capital through several institutional investors.

Monterey County Bank settled with the FDIC over allegations that certain credit and debit practices were "deceptive," the agency said Tuesday.

Saehan Bank, a unit of Saehan Bancorp, has agreed to pay $2.2 million to the United States to settle allegations that it misrepresented or withheld information to get the Small Business Administration to fund loans.

Mission Valley Bancorp in Sun Valley, Calif., said Monday that it received $4.8 million of capital from a Treasury Department program designed for community development banks.

K-Fed Bancorp in Covina, Calif., has received conditional approval from the Office of Thrift Supervision to commence its second-step conversion from a mutual to a stock company.

Mission Oaks Bancorp Inc. in Temecula, Calif., restated its second-quarter earnings, resulting in a wider loss stemming from impaired loans.

Capital Bancorp Ltd. said Tuesday that it has completed the sale of its 51% stake in the Bank of San Francisco.

A Los Angeles Superior Court judge has thrown out a lawsuit filed on behalf of shareholders by the former chairman of Nara Bancorp, a Los Angeles company serving the Korean-American community.

The Brookfield, Wis., banking technology vendor said Thursday that the $3.6 billion-asset Patelco is planning to implement its Acumen software to help its expansion efforts.

Umpqua Bank said Wednesday that it is opening a commercial banking center in northern Nevada that will be led by a former US Bank commercial banking veteran in that market.

A branch manager at CVB Financial Corp. in Ontario, Calif., has been arrested and charged with embezzling thousands of dollars from customer accounts at its bank unit.