California

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.

Pinnacle Bank in Gilroy, Calif., is looking to raise about $3 million through a rights offering.

Opus Bank in Irvine, Calif., continues to bolster its credit ranks following a surprising third-quarter loss.

TriCo Bancshares in Chico, Calif., has hired a Wintrust Financial executive as its chief operating officer.

Heritage Oaks Bancorp in Paso Robles, Calif., has been freed from a consent order tied to Bank Secrecy Act and anti-money-laundering compliance.

Opus Bank in Irvine, Calif., has hired a veteran risk manager to structure senior debt for commercial and specialty banking.

Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade banks that it is safe to work with cannabis firms.

PacWest Bancorp in Los Angeles has agreed to sell four properties in California to a real estate firm.