article thumbnail

California community banks to merge in $99M deal

American Banker

Central Valley Community Bancorp's agreement to buy Community West Bancshares, slated to close in the second quarter, would create a $3.6 billion-asset bank in the Greater Sacramento region.

article thumbnail

eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

In Series B and Series B+ rounds headed up by VMG and XVC, California-based eCommerce grocer Weee notched almost $50 million in financing. Weee, which was started in 2015, began as a community buying platform that received Asian spices and fresh produce, among other items. It has over 5 million registered users.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lyft, Uber Pay Big Money To Defeat AB5 Supporter

PYMNTS

Lyft and Uber are fighting back against a California legislator who voted for AB5 , a law that could potentially classify drivers as full-time employees and would have serious implications for the companies, according to a report by The Wall Street Journal. He said that the “$2 million is probably just the tip of the iceberg.”.

article thumbnail

California bank bets on two new markets to reverse lending slump

American Banker

Sierra Bancorp in Porterville has formed dedicated lending teams in Sacramento and Greater Los Angeles in its bid to accelerate loan growth following a sluggish 2019.

article thumbnail

Amazon And Its Real Estate Effect

PYMNTS

Among those initiatives: Cincinnati, Ohio, and Sacramento, California, are changing workforce development programs to develop talent in the technology realm. Beyond that, Orlando, Florida, is mulling a community fund, one that the WSJ said will invest in tech companies that are locally based.

article thumbnail

Can banks have an impact on alleviating the egg shortage?

Abrigo

During leaner years is often when the demand for ag loans increases , as it’s common for those full-time farmers to tap into their community bank to cover operating costs or invest is other lines of the agricultural business. Farmers & Merchants Bank of Central California leads ag lending in the West, with more than $250 million.

article thumbnail

Consumers Turn To Package Lockers To Combat Porch Pirates

PYMNTS

have experienced package theft in the last year, companies like Sacramento, California-based package delivery locker system Luxer One are setting up package delivery systems to prevent porch pirates, CNBC reported Monday (Dec. It works with more than 1,200 apartments communities in the U.S.,