California

Tom Meyer, CEO of 1st Capital since 2015, decided to step down because shelter-in-place orders are keeping him from family hundreds of miles from the bank.

JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic.

It’s a rare occurrence for a business to receive a huge business spike while also shutting parts of the operation, but that’s where the coronavirus has landed Farmstead.

Blair Korschun, who has led CU Direct Connect since 2011, will take the helm at Christian Community Credit Union later this month.

The San Diego bank is struggling to renegotiate a partnership with the tax preparation firm to address caps on interchange fees.

San Diego County Credit Union saw membership rise 4.5% last year, but net income was down due to decreased loan volumes, increased charge offs and higher operating expenses.

San Francisco Bay Area Educators Credit Union became part of San Francisco Federal Credit Union earlier this month.

Recent proposals considered or passed by legislatures around the country grant banks certain exemptions, but they differ from state to state and may pose new compliance headaches.

David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.

The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities.