California

As a way to identify more with San Diegans, First Business Bank is changing its name to Bank of Southern California and opening a fourth branch in July.

Despite a $500 million recapitalization plan, Pacific Capital Bank in Santa Barbara, Calif., is being ordered to boost capital.

A month after holders of trust-preferred securities scoffed at a heavily discounted exchange, Pacific Capital Bancorp in Santa Barbara, Calif., has agreed to raise its offer.

The $200 million-asset bank announced Thursday that it will be rebranded American Perspective Bank after a settlement with an unidentified company in a trademark infringement case. That company agreed to shoulder a significant portion of costs associated with the California bank's name change as part of the settlement.

More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.

Bank of Internet USA in San Diego is offering a loan portfolio program that few banks of its size are willing to hold: jumbo and super-jumbo mortgages.

Community Valley Bank reported that total assets rose nearly 10% in the first quarter. Heading into its third year in business, the El Centro, Calif., bank said Friday that it expects to become profitable in 2010 based on growth in earning assets.

Tri-Valley Bank announced Friday that a private investor group has terminated a $6 million stock-purchase agreement.

By missing a sixth quarterly dividend payment, due in May under the Treasury's Troubled Asset Relief Program, a Southern California bank became poised to test how the government will treat repeat delinquencies in the program.

Five more banks failed Friday — including the subsidiaries of Bank of Florida Corp. — costing the government an additional $317 million.

K-Fed Bancorp in Covina, Calif., said Friday that it plans to offer additional shares of common stock to convert from a mutual holding company to a full stock company.

Hanmi Financial Corp. of Los Angeles has finally found the capital it needs, but its source — an entity largely owned by the South Korean government — may give regulators pause.

NorCal Community Bancorp of Alameda, Calif., posted a $2 million first-quarter loss, compared with net income of $340,000 a year earlier.

Expansive, diverse and home to many wealthy people, Southern California is a tantalizing market for BNY Mellon Wealth Management.

Though it is still addressing significant credit issues, Saehan Bancorp in Los Angeles appears to be on the upswing.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

The Federal Reserve announced enforcement actions Thursday against Coast Bancorp of San Luis Obispo, Calif., that the Fed said are intended to help maintain financial soundness at the company.

There's a new wrinkle in the latest round of recapitalizations: The only way for the banks involved to win is for taxpayers to lose.

After swinging to a first-quarter loss, PacWest Bancorp in San Diego — with a cleaned-up balance sheet — may be better poised to resume making winning bids for failed banks.

WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.