SACRAMENTO, Calif. - The California Bankers Association announced late Friday that it would merge with the Western League of Savings Institutions, the state's thrift trade group.

As first reported in American Banker in July, the two groups plan to merge because changes in the industry have brought their concerns closer together. The union is expected to be completed by Oct. 1, and the group would be known as the California Bankers Association.

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.