California

First Republic Bank in San Francisco has promoted Mike Selfridge to the newly created role of chief banking officer.

BBCN Bancorp in Los Angeles has agreed to buy Wilshire Bancorp in Los Angeles.

California Bank & Trust in San Diego has given its chief financial officer the additional titles of president and chief operating officer.

The marketplace lender LoanDepot has securitized $150 million of its unsecured personal loans.

Wells Fargo and Morgan Stanley became the latest big banks Monday to promise to cut their support for the coal industry in the name of reducing the pollution blamed for global warming.

Hanmi Financial has gone public with efforts to merge with BBCN Bancorp in a move the Los Angeles company hopes will scuttle another rumored pairing.

Embattled online lender CashCall has paid nearly $2 million in restitution and fines for allegedly deceiving and overcharging borrowers, California's Department of Business Oversight announced.

California regulators have approved a request from private-equity firm Carpenter & Co. to raise capital for a new state-chartered bank.

Avidbank Holdings in Palo Alto, Calif., has raised $12 million through a private placement of debt.

Wells Fargo has promoted Tim Sloan to president and chief operating officer, a move that likely puts him on a short list of candidates to succeed John Stumpf as chief executive.