California

First Choice Bank, in Cerritos, Calif., has raised $30 million from a secondary stock offering.

Clearinghouse CDFI in Lake Forest, Calif., has acquired Arizona MultiBank Community Development, a community development financial institution that operates in the Southwestern U.S. and on Native American reservations.

Hanmi Financial in Los Angeles has a new look for its retail bank.

Community West Bancshares in Goleta, Calif., has filled a board vacancy with James Lokey, a former chief executive of several California community banks.

Farmers Bank & Trust in Great Bend, Kan., has agreed to sell certain assets of its mortgage division to Prospect Mortgage in Sherman Oaks, Calif.

If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.

A Los Angeles-based community group has dropped its objection to the proposed sale of City National Bank to Royal Bank of Canada and now says the deal should be expedited.

Bank of the Orient in San Francisco has received a federal cease-and-desist order because of shortcomings in its compliance with anti-money-laundering rules.

PBB Bancorp in Los Angeles has agreed to buy First Mountain Bank in Big Bear Lake, Calif., for about $13.4 million in cash and stock.

First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.

Wells Fargo has hired a new head of commercial real estate lending for its Orange County, Calif., office.

Members of Xceed Financial Center now have instant access to an associate through their smart phones, laptops or desktop computers with the credit union's new virtual banking product — Xperience Center — which recently went live.

Redwood Credit Union recently earned the highest mark on Glatt Consulting's Credit Union Industry HealthScore.

Mechanics Bank in Walnut Creek, Calif., shook up its top leadership post following its sale to a Dallas investment group.

Opus Bank in Irvine, Calif., has named a new head of commercial real estate lending after its current leader resigned.

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

Mobile banking has virtually hopscotched here with members having instant, face-to-face access to Xceed Financial Credit Union associates via a smart phone, laptop or desktop computer.

City National in Los Angeles, which is being acquired by Royal Bank of Canada, has hired three wealth advisers for its New York office.

Hanmi Financial in Los Angeles has hired a former executive at Opus Bank to fill a newly created strategy post.

Opus Bank in Irvine, Calif., has appointed three executives to fill the role of chief operating officer after Romolo "Ron" Santarosa resigned from the position.