The lead subsidiary of Glendale, Calif.-based Golden State Bancorp said it plans to create a community development loan program for businesses in low- and moderate-income areas.

Glendale Federal Bank promoted vice president Larry Trujillo to run the program.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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