California

Banc of California in Irvine and PL Capital have reached an apparent truce, as the bank agreed to consider letting the activist investor group submit two nominees to next year's board election.

Pinnacle Bank in Gilroy, Calif., has appointed a new CEO and its current leaders will move into a newly created role.

Capital Business Credit, a New York-based business finance company, has been acquired by a San Francisco-based lender.

Bay Commercial Bank in Walnut Creek, Calif., has agreed to buy First ULB in Oakland, Calif.

Pacific Premier Bancorp in Irvine, Calif., has agreed to buy Heritage Oaks Bancorp in Paso Robles, Calif.

First Republic Bank in San Francisco has bought Gradifi, a two-year old firm that works with small and large companies to help their employees pay down student debt.

A California bank is planning to add mortgages and home equity lines to its product set.

AltaPacific Bancorp in Santa Rosa, Calif., has promoted its chief operating officer an even bigger role.

The $3.5 billion-asset company submitted a shelf registration that lets it sell common stock, preferred stock, debt securities and warrants, among other things.

Banks and credit unions in California plan to participate in a new working group that will focus on the cannabis industry's lack of access to the mainstream financial system, according to state officials.