California

CVB Financial in Ontario, Calif., and Valley Commerce Bancorp in Visalia, Calif., have amended the terms of their planned merger.

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.

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.

The surprising outcome of last week's presidential election is already causing some banks to adjust interest rates on loans and rethink their technology spending.

First Republic Bank in San Francisco is looking to raise $287 million from a secondary offering.