California

Most agencies use electronic benefit transfer to deliver funds to prepaid cards, but recipients who need access to cash are often caught in a bind, with fewer convenient or free ATMs available in an increasingly digital payments landscape.

The Washington company will have more than $1 billion in assets in Southern California when the $87 million deal closes.

Several megabanks dominate the market, but First Choice is seeking to expand there by catering to its ready supply of midsize businesses. It's not the only one.

The California Consumer Privacy Act goes into affect next year and other states are likely to follow suit. Credit unions need to evaluate their data management practices.

Christopher Myers will retire as president and chief executive of CVB next spring, and the California bank says it will hire a search firm to begin seeking his replacement.

The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.

David Cerwinski, who joined the CUSO in 2006, was appointed president of the technology provider.

The San Francisco company said its loan pipeline would be strong the rest of this year.

CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.

The California company will pay $39.4 million for the parent of First State Bank of Colorado.