California

Saehan Bancorp's net loss narrowed sharply in the second quarter while asset quality and net interest margins improved.

Center Financial Corp. said Friday that it revised its first-quarter results, posting a net loss rather than a profit, because of a stock conversion completed in March.

The Securities and Exchange Commission wants information about the credit standards at CVB Financial Corp. in Ontario, Calif. The $6.8 billion-asset company disclosed in its quarterly filing on Monday that it received a subpoena from the SEC on July 26.

Heritage Oaks Bancorp in Paso Robles, Calif., reported a net second-quarter loss of $5.8 million, compared with net income of $507,000 a year earlier.

Before the recession, Pacific Trust Bank was content to sit on the sidelines as other Southern California community banks vied with national lenders for commercial real estate borrowers.

TriCo Bancshares of Chico, Calif., reported a 48% decline in second-quarter net income from a year earlier. TriCo said Thursday it had net income of $1.2 million, or 8 cents a share, compared with $2.5 million, or 16 cents a share.

Debtholders battling with community banks over recapitalization plans have clearly scored a victory — but will it be a win-win?

Two recent deals in Southern California serve as a billboard announcing that the mergers and acquisitions market there is shifting to open-bank deals.

The opportunities to make bets on failed Nevada banks are dwindling, drawing out-of-state buyers into the market before the game closes.

Wilshire Bancorp Inc. in Los Angeles on Tuesday reported a $4.6 million second-quarter loss after selling off $48 million of nonperforming and delinquent loans.

Hanmi Financial Corp. announced Tuesday that its net loss more than tripled, to $29.3 million, in the second quarter from a year earlier.

Nara Bancorp Inc. of Los Angeles reported that its loss more than doubled in the second quarter as a result of significant chargeoffs.

Capital Bank reported a net second-quarter loss of $594,000, which was an improvement of 43% compared with a year earlier.

Profits grew faster than credit problems among the first batch of community banks to post second-quarter results — another tentative sign the sector is recovering.

Malaga Financial Corp. in Palos Verdes Estates, Calif., reported record earnings Thursday for the second quarter and first six months of 2010.

The $95 million-asset Grandpoint Capital Inc. in Los Angeles said Wednesday that it had signed an agreement to acquire the $336 million-asset First Commerce Bancorp in Encino, Calif.

Bankers in this climate recognize that in order to get capital, they often have to give a little something first. Still, offering a 9% annual interest rate for a decade is a cost only a handful of bankers are willing to bear.

SoCal Bancorp. said it no longer owns a majority stake in Professional Business Bank after a $12.6 million capital infusion from a private-equity group.

Wilshire Bancorp Inc. in Los Angeles offered a glimpse of its second-quarter results Thursday, saying it expects to record a net loss of up to $5 million.

The largest Korean-American and Chinese-American banks, clustered in Southern California, are successfully raising capital, surprising competitors with last-minute infusions even while some operate under regulatory orders.