California

Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.

Bay Area CU launches Business Banking Division to increase, diversify loan portfolio.

Loan origination system part of company’s lending technology push.

The bank also announced that it has recruited a BancWest executive to replace Michael Descheneaux as CFO.

Five Star Bancorp in California is the latest bank to work with a marketplace lender on referrals. The move comes as the SBA programs have record volumes while concerns linger about banks working with third parties.

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month.

The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.

The $34 million acquisition is expected to strengthen Central Valley's banking operations in northern California.

Unable to outspend big banks on technology, Asian-American banks are marketing to different ethnic groups and immigrants, sponsoring events for youth and young professionals and emphasizing in-person service.

Doug Bowers will serve as the permanent replacement for Steven Sugarman, who resigned in January.