Seeking to reassure investors that its turnaround is on track, Guardian Bancorp hired a new chief executive and said its ambitious program to jettison nonperformers is progressing.

Analysts, meanwhile, speculated that Guardian, one of the largest community banks in Los Angeles and a glaring example of the troubles faced by independent banks in that region, is for sale.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.