California

RANCHO CUCAMONGA, Calif. — Consumers swiped and clicked their plastic over Thanksgiving weekend, as analysis from multiple sources found credit spending increased almost 13% while debit spending increased nearly 7%, compared with last year.

NCAL Bancorp in Los Angeles has raised nearly $11 million in the first stage of its stock sale.

Monterey Credit Union could be the first credit union to convert since mid-2013. Management hopes the move will allow it to make more small-business loans, while providing greater access to capital.

SACRAMENTO, Calif. — Members of Golden 1 CU will be getting an early holiday gift from their credit union, as the CU's $18 million "Member Giveback Distributions" hit savings accounts Wednesday.

ONTARIO, Calif. — CU Direct is celebrating its 20th anniversary by hosting a contest that will end with it donating $20,000 to a Children's Miracle Network hospital.

United Labor Bank in Oakland, Calif., has a new name.

Seacoast Commerce Bank in San Diego has created a new holding company.

The American Bankers Association has added 12 banks to community banks indexed and listed with the Nasdaq stock exchange.

First Foundation Bank in Irvine, Calif., has agreed to buy Pacific Rim Bank in Honolulu.

SAN DIEGO, Calif. — In late 2013, Cabrillo CU had a goal of reducing paper-based processes by 30%. By adopting a comprehensive document imaging and enterprise content management (ECM) solution that milestone was surpassed, which allowed employees to build stronger member relations.

SANTA CLARA, Calif. — The Great Recession forced many small CUs to fold or merge. Those that survived, such as Mission City FCU, figured out how to redefine opportunities.

BURBANK, Calif. — By looking outside its IT and data-processing department, Logix Federal Credit Union automated nearly 70% of its data processing workload.

The acquisition of CapitalSource has pushed PacWest's capital from full to overflowing. With diminished interest in M&A, the Los Angeles company recently doubled its dividend, while analysts expect management to award a special payout in the future.

Car loan delinquencies have risen significantly from the same time last year, a new report by Experian Automotive, an Irish market intelligence firm with U.S. headquarters in Costa Mesa, Calif.

Silicon Valley Bank, based in Santa Clara, Calif., has selected 18 students from colleges around the country to participate in its inaugural SVB Trek, a program connecting students to West Coast tech leaders, including entrepreneurs and venture capitalists.

California Republic Bancorp in Irvine, Calif., has raised $90 million through an offering of equity and debt.

LOS ANGELES and NOTRE DAME, Ind. — Two collegiate credit unions are putting a football rivalry to good use.

SAN DIEGO — San Diego County Credit Union posted strong financial numbers across the board in the third quarter, including year-over-year loan growth of 23.6%.

CVB Financial in Ontario, Calif., will have a new chairman starting Jan. 1.

Banc of California has completed its acquisition of the Southern California branch network of Popular Community Bank.