California

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.

Edward Rostohar was arrested after his wife informed authorities he stole from CBS Employees Federal Credit Union and was preparing to flee the country.

The 14th annual California and Nevada Credit Unions for Kids Wine Auction was supported by 67 credit unions, business partners and hospitals.

Some lenders, especially in markets like California, are preparing in case of a technology-industry stumble that hurts business, real estate and other loan segments. Whether those fears are well founded is a matter of debate.

Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles.

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts.

Mechanics, owned by a fund tied to investor Gerald J. Ford, will pay $2 billion for Rabobank in California.

The California banking company has two loans tied to DC Solar that are on nonaccrual status.

Brett Martinez, president and CEO of a Redwood Credit Union, has become an expert in disaster preparedness after wildfires ravaged the California communities he serves. Those efforts have earned him an Anchor Award.

Wegner Award winner Diana Dykstra was instrumental in the creation of the Global Women's Leadership Network and CU Direct in her more than 30-year career.

The San Diego-based credit union’s membership grew at double the national average.

A new regulation in the Golden State could provide a de facto national standard as Congress continues to stall on data breach legislation.

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.

Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

Equifax's massive breach and Facebook's scandals have made data privacy a big issue for state and federal lawmakers. Here's why banks need to be worried.