California

Former CEO Jeff York alleges retaliation by board related to proposed weight loss clause.

Only North Dakota has its own state-owned bank, but policymakers in other states say more public banks are necessary to fully meet society's needs. Among those who proponents say would benefit the most: small-business owners and legal marijuana suppliers and distributors.

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego.

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.