California

PBB Bancorp in Los Angeles and First Mountain Bank in Big Bear Lake, Calif., are discussing a merger.

MOUNTAIN VIEW, Calif. — Credit unions may want to step up their EMV education efforts toward their small business members.

VENTURA, Calif. — Ventura County Credit Union announced that it has been named a "preferred lender" by the U.S. Small Business Administration (SBA).

City National Bank in Los Angeles will provide $350 million in loans to minority- and women-owned small businesses as part of a community lending initiative, it announced Monday.

Heartland Financial in Dubuque, Iowa, has agreed to buy Premier Valley Bank in Fresno, Calif.

Pacific Premier Bancorp in Irvine, Calif., has named Allen Nicholson chief financial officer.

Wells Fargo has named Rohan Kalbag head of commercial banking for northern California. Kalbag was the sales manager for commercial banking in California, Oregon, and Washington for Wells.

Friendly Hills Bank in Whittier, Calif., has started offering payroll services to its clients.

First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.

SVB Financial Group in Santa Clara, Calif., has appointed a former U.S. Treasury official to its board.

Presidio Bank in San Francisco has added longtime California banking executive James Westfall to its board of directors. He will serve on the bank's audit and asset liability committees.

Hanmi Financial in Los Angeles is planning to close four branches.

Trans Pacific National Bank in San Francisco has named ex-Chicago banker Bob Lussier its president and chief executive.

RIVERSIDE, Calif. — Altura Credit Union on Friday reported $2.34 million in net income for the first quarter — stretching its streak of consecutive quarters of positive earnings to 16.

RANCHO CUCAMONGA, Calif. — Good news for stragglers — It's not the end of the world if you're not ready for the EMV liability shift that takes place on Oct. 1.

Hanmi Financial has opened loan production offices in New York and Georgia.

The Los Angeles bank, which is in the process of being sold, vows to fight a Labor Department complaint that it overcharged employees for administering their retirement plan.

City National Bank in Los Angeles said Thursday that its first-quarter profit climbed 14% from the same period last year, fueled by a surge in real estate construction and commercial lending.

Heritage Commerce in San Jose, Calif., has agreed to buy Focus Business Bank. The $1.7 billion-asset Heritage Commerce will pay about $55 million for the $391 million-asset Focus, which is also based in San Jose.

A division of the payments firm ACI Worldwide will pay $185,000 to California authorities to resolve allegations that it violated numerous state licensing requirements.