California

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year.

The California company's credit issues eased some in the first quarter, though earnings were down from a year earlier due to charges tied to cost cutting and reductions in three loan categories.

Credit union will switch May 1, becoming the 20th Share One client in California.

Opus Bank has added Paul Greig, who was CEO of FirstMerit until its sale in July, as a director.

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in Southern California.

Dean Odle takes over for Robin Lentz, who retired after 37 years at the helm.

The Office of the Comptroller of the Currency issued the directive following an interim examination.

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year.

The California company will lease space on three floors of the building, while keeping a branch at the location.

SoCal native Rudy Pereira has led Wisconsin's Royal CU since 2011, but has accepted a position back home in Southern California with Premier America CU.