California

Shelley Seifert had been the bank's chief operating officer.

The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.

The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.

After the merger is completed, Cedars-Sinai Federal Credit Union's one branch will be relocated.

The Dallas regional assured analysts that it has ample sources of liquidity to fund its expected loan growth.

The San Jose, Calif.-based credit union decided to make the change because there were too many other financial institutions with a similar name.

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.

A bill recently introduced in the California state assembly would create a framework for local governments to set up their own taxpayer-owned banks. It’s more specific than other public-bank proposals, which raised more questions than they answered, but still faces long odds.

Mendell Thompson, who has led the California-based institution for 33 years, will leave in March 2020.

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value.