California

The company will take a nearly $10 million hit after setting aside funds to cover a case of potential borrower fraud.

If the merger is approved, the combined $2.2 billion-asset credit union would serve members in five states: Alaska, Arizona, California, Washington and Wyoming.

California officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap.

The California-based credit union cited ‘confidential personnel matters’ but did not specify a reason for the departure.

As longtime executive John Dea retires, the credit union's EVP/chief financial officer moves up to the top job.

OP Bancorp in Los Angeles aims to raise $20 million to fund organic growth and acquisitions.

SDCCU’s member base increased by 35,000 during 2017, with total assets up to $8.3 billion.

The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state.

The company will also surpass $10 billion in assets when it buys Community Bank.

Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company.