California

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.

The California congresswoman would be the first woman and first African-American to lead the committee.

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

Uniti Financial focuses on the Korean-American community through three offices around Los Angeles.

Simone Lagomarsino, former CEO of Heritage Oak Bank, will succeed John Biggs next month.

The credit union also reported increases in loans and membership.

Its bid for El Dorado Savings wasn’t the highest, but PacWest's image as a skilled dealmaker added value to its offer in the seller’s eyes.

Faciam Holdings will pay nearly $68 million for Summit Bancshares.

Stephen Gordon, who led the bank's recapitalization in 2010, is being replaced as CEO on an interim basis by former FirstMerit CEO Paul Grieg.