California

LOS ANGELES — To better serve its growing millennial member base, USC Credit Union here has partnered with CU Campus Resources (CUCR) and its new private student loan program.

Comerica Bank and San Diego County Credit Union have battled in recent years to claim the Guinness World Record for "Most Paper Collected in 24 hours."

Regulators have terminated an agreement with Preferred Bank in Los Angeles that required improvements to its data-security system.

1st Capital Bank in Monterey, Calif., has appointed a chief banking officer who will take on most of the responsibilities of its recently departed chief administrative officer.

Avidbank Holdings in Palo Alto, Calif., has added Michael Rosinus to its board of directors.

BBCN Bancorp in Los Angeles has appointed two new board members.

MoneyGram has acquired the assets of Nexxo Financial, a money transfer and prepaid technology provider in Burlingame, Calif.

East West Bancorp in Los Angeles has been hit with a nearly $39 million in damages tied to a lawsuit from a borrower.

Banc of California has announced extensive community reinvestment goals as part of its planned purchase of 20 Banco Popular branches in Southern California. The agreement, which appeased a community group that had opposed the sale, shows how much power such organizations wield when it comes to M&A.

First Mountain Bank in Big Bear Lake, Calif., is looking to replace a pair of bankers who collectively have more than 80 years of industry experience.

African American CU Coalition Exec Lillian Priest Passes; Redwood CU Offers 'Earthquake Relief Loan'; White Paper Explores Network Monitoring, Management.

A large shareholder at Valley Community Bank is objecting to the Pleasanton, Calif., company's sale to FNB Bancorp in South San Francisco.

For Apple, the timing couldn't be worse to launch a mobile wallet.

Pacific Premier in Irvine, Calif., has raised approximately $59 million through a private placement.

FRESNO, Calif. — Crooks this weekend stole a backhoe, drove it to a nearby CU and attempted to rip open the ATM outside the office and the cash vault beneath it.

The Bank of Napa has established a relief fund for victims of the recent California earthquake, which was centered in the bank's local area.

The herky-jerky revival in residential real estate is causing headaches and strategic concerns for banks everywhere.

Now that they have the basics covered, many banks are thinking creatively about how their mobile strategies need to evolve. Get ready for some cool new apps.

LAGUNA HILLS, Calif. — As if credit union mortgage lenders did not have enough to contend with already, the Consumer Financial Protection Bureau has proposed numerous changes to the way home loan data will be collected — and possibly reported publicly.

City National in Los Angeles has formed an Asian subsidiary to provide research for its emerging markets fund.