California

As government employees carry on without pay, Cabrillo Credit Union and others must balance liquidity concerns with staying out of a political fight.

Tom Meuser, the chairman of El Dorado Savings in California, said he could not get the necessary two-thirds backing from his shareholders because of recent declines in bank stock prices.

A state-backed bank would not be financially feasible because capital requirements would be too high and it likely wouldn’t return profits to the state for at least 30 years, consultants concluded.

The branch closures will reduce overhead by an estimated $1.9 million a year.

The pressure is on CEO Christopher Myers, one of our community bankers to watch, to make the most of CVB Financial's biggest acquisition to date.

Christopher O’Malley is set to lead the California-based institution as Ron Berry retires.

Financial institutions had used existing banking laws as a shield against broader privacy protections, but a California law enacted this summer could threaten that strategy.

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.

Patelco Credit Union wanted to boost membership so it launched a referral program that help add more than 3,000 members in less than three months.

Wescom Credit Union members needed help accessing account and routing numbers – information easily found on checks. But with fewer members using checks these days, the CU needed a new way to help members get that info.

A new partnership from one of Silicon Valley’s biggest credit unions aims to offer additional lifestyle perks to members.