CA, National and Regional - Community Banking Brief

Coronavirus Update: US Cos See Impact, China Begins To Reopen For Business

PYMNTS

FEBRUARY 27, 2020

More specifically, the social media company cancelled the in-person component, which it would have held in San Jose, CA. CEO Kevin Johnson said the company was seeing the beginnings of a recovery in the region. There were 433 new cases of the coronavirus in the country, as opposed to 586 in other nations.

San Jose

San Jose US Conference CA

Credit unions continue to see growth in auto lending

Abrigo

JUNE 2, 2015

The article cited data from TransUnion, the national consumer data collection company, which reported that among the nation’s largest cities, Atlanta (up by 5.9%) and Houston (up by 5.4%) experienced the largest increases in auto loans from the previous quarter. The Golden 1 Credit Union - Sacramento, CA 7.

Lending

Lending San Antonio CA Sacramento

The Top 20 Venture Capitalists

CB Insights

APRIL 17, 2018

Operating Location: San Francisco, CA. Operating Location: San Francisco, CA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. Operating Location: Menlo Park, CA. Operating Location: San Francisco, CA. Current Firm: Benchmark. Current Firm: Sequoia Capital. BRIAN SINGERMAN.

San Francisco

San Francisco CA Capital Operations

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Bram Goldsmith, City National's Chairman Emeritus, Dies

American Banker

FEBRUARY 29, 2016

a City National spokeswoman said Monday. Goldsmith died Sunday of natural causes at his home in Beverly Hills, Calif.,

National

National CA Regional Strategy

A Deep Dive into the Distribution of the FICO Score Across the US

FICO

NOVEMBER 11, 2019

So, while the average FICO® Score is increasing over time at the national level, what about at the state or city level? While 31 states (and the District of Columbia) have an average score higher than the national average of 706, we generally see that the Midwest and New England states have the highest average FICO® Scores.

Las Vegas

Las Vegas District of Columbia US San Francisco

The top-performing community banks of 2021

Independent Banker

APRIL 30, 2022

Brazos National Bank. Douglas National Bank. FSNB, National Association. Pioneer Trust Bank, National Association. AMG National Trust Bank. HNB National Bank. Genesee Regional Bank. Philip Pecora, president and CEO, Genesee Regional Bank. Genesee Regional Bank. BNC National Bank.

Community Bank

Community Bank Community Montana Taxes

Deposit Growth Outlook Dims for Small Banks

American Banker

OCTOBER 11, 2016

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

Community Bank

Community Bank Regional Community Mobile

Host of Factors Dim Deposit-Growth Outlook at Small Banks

American Banker

OCTOBER 11, 2016

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

Community Bank

Community Bank Regional Community Mobile

PacWest Hires Ex-Regulator as Chief Risk Officer

American Banker

MARCH 15, 2016

PacWest Bancorp in Los Angeles has named Stanley Ivie, a regional director for the Federal Deposit Insurance Corp., its chief risk officer and an executive vice president. He started Monday.

Los Angeles

Los Angeles Regulation Regional CA

MUFG Union Bank Names Private Wealth Management Exec

American Banker

SEPTEMBER 19, 2016

MUFG Union Bank has named a head of private wealth management for its northern California and Pacific Northwest region.

Management

Management California Regional CA

Wells Fargo Joins Amazon to Offer Student Loan Discounts

American Banker

JULY 21, 2016

One of the nation’s biggest banks and the so-called “everything store” have joined forces to extend loan discounts to students.

National

National CA Regional Digital Banking

Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

JUNE 11, 2018

Additionally, when naming the national champions of AI in November, the Chinese Ministry of Science and Technology designated Baidu as the leader in autonomous driving. The other national champions include Baidu’s tech peers Alibaba and Tencent — designated as leaders in smart cities and healthcare, respectively.

Google

Google Industry Software Data

11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

JULY 17, 2018

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. But with commercial rents continuing to rise in most urban areas, it’s been a challenge both for small businesses and national retailers to find affordable space. Tesla charging locations.

San Francisco

San Francisco California United States CA

Seven States Approve Marijuana Measures

American Banker

NOVEMBER 8, 2016

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.

North Dakota

North Dakota Montana Arkansas Nevada

Another Blow to Online Payday Lenders, This One from Calif. Court

American Banker

JANUARY 3, 2017

The state's highest court ruled that lenders affiliated with Native American tribes are not entitled to sovereign immunity and must comply with state interest rate caps. It marks the latest triumph for consumer groups and state governments that have sought to rein in high-cost consumer lenders.

Online

Online Groups CA Regional

Beware the 'Cargo Cult' of Performance Targets

American Banker

JANUARY 2, 2017

The phony-account scandal at Wells Fargo illustrates how sales quotas can incent bad behavior. Is your bank effectively mitigating the risk of 'managing to metrics'? Or could it be in danger of becoming a 'cargo cult'?

Management

Management Branch Strategies CA Community Bank

First Foundation to Buy Two PacWest Branches

American Banker

OCTOBER 4, 2016

First Foundation in Irvine, Calif., has agreed to buy a pair of branches from Pacific Western Bank in Beverly Hills, Calif.

Branch Strategies

Branch Strategies CA Community Bank Regional

California, Florida, Massachusetts, N. Dakota Approve Pot Measures

American Banker

NOVEMBER 8, 2016

Voters in Florida and North Dakota approved medical marijuana measures on Tuesday, while their counterparts in California and Massachusetts approved recreational pot initiatives, according to projections.

Massachusetts

Massachusetts Florida North Dakota California

CVB Financial Hires Ex-BBVA Exec as Credit Chief

American Banker

JULY 8, 2016

billion-asset holding company for Citizens Business Bank said David Farnsworth will start as credit chief of both entities on July 18. He will succeed James Dowd, who retired on July 1.

Company

Company CA Community Bank Regional

Without Loss-Share Drag, PacWest's Profits Soar

American Banker

OCTOBER 18, 2016

PacWest Bancorp in Los Angeles reported higher third-quarter profits thanks to higher net interest income, increased commissions and fees and the elimination of its loss-sharing agreements.

Los Angeles

Los Angeles Report CA Regional

B of A: We Do Things Differently Than Wells Fargo

American Banker

OCTOBER 17, 2016

Bank of America's chief financial officer on Tuesday downplayed the odds of a Wells-Fargo-style phony-account scandal at B of A, contending that it does not use hard-charging sales tactics,

America

America CA Regional National

B of A CFO: Wells Fargo-Type Scam Won't Happen Here

American Banker

OCTOBER 17, 2016

The phony account scandal that occurred at Wells Fargo won't happen at Bank of America because B of A doesn't use the same kind of hard-charging sales tactics, its chief financial officer said Monday.

America

America CA Regional National

Wells Fargo-Type Scam Won't Happen at B of A: CFO

American Banker

OCTOBER 17, 2016

The phony account scandal that occurred at Wells Fargo won't happen at Bank of America because B of A doesn't use the same kind of hard-charging sales tactics, its chief financial officer said Monday.

America

America CA Regional National

First Republic Profit Rises Despite Higher Minimum Wage Cost

American Banker

JULY 14, 2016

Profit rose at First Republic Bank in the second quarter, as higher loan originations and fee-based business offset a spike in employee salaries that was partly caused by the bank raising its minimum wage.

CA

CA Regional National

Western Alliance's 3Q Profit Boosted by Ariz., So. Calif. Loan Growth

American Banker

OCTOBER 24, 2016

Loan growth in Arizona and Southern California led to improved third-quarter profit at Western Alliance Bancorp. in Phoenix.

Phoenix

Phoenix Arizona California CA

Marijuana Banking Group Formed in Calif.

American Banker

DECEMBER 5, 2016

Banks and credit unions in California plan to participate in a new working group that will focus on the cannabis industry's lack of access to the mainstream financial system, according to state officials.

Groups

Groups California System Industry

C&I's Problems Go Well Beyond Energy Loans

American Banker

MAY 23, 2016

Nonperforming commercial-and-industrial loans are soaring, and loans to farmers and construction firms — not just oil and gas companies — are a big reason.

Industry

Industry Company CA Community Bank

PacWest's Square 1 Unit Adds Bankers in Two Tech Hubs

American Banker

NOVEMBER 1, 2016

Square 1 Bank, a unit of PacWest Bancorp, has hired two financial services veterans to expand its banking services for venture capital and private-equity firms and named a new leader of that practice.

Capital

Capital CA Regional National

The Battle Begins: Banks Take On Online Lending Rivals

American Banker

OCTOBER 30, 2016

Are big banks too lumbering to be real competitors to online lending startups? We're about to find out. Goldman Sachs, Wells Fargo and Quicken have all entered the digital lending business, putting early entrants on the defensive.

Lending

Lending Online CA Regional

First Republic Profit Climbs 27% on Surging Loan Demand

American Banker

OCTOBER 13, 2016

First Republic Bank in San Francisco said Thursday that its third-quarter profit climbed 27.4% from the same period last year, to $171.8 million, thanks to double-digit gains in both interest and fee income.

San Francisco

San Francisco CA Regional National

First Republic Buys Student-Debt Startup Gradifi

American Banker

DECEMBER 12, 2016

First Republic Bank in San Francisco has bought Gradifi, a two-year old firm that works with small and large companies to help their employees pay down student debt.

San Francisco

San Francisco Company CA Regional

Why Many Banks Are Hanging On to FDIC Loss-Share Pacts

American Banker

AUGUST 31, 2016

Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.

FDIC

FDIC CA Community Bank Regional

C&I Is Safer than Construction Loans, Right? Maybe Not

American Banker

AUGUST 23, 2016

The latest lending figures show just how prodigious banks' shift from construction to C&I loans has been since the crisis. Yet a hard look at C&I credits, especially their loss rates, raises questions about whether they are safer.

Lending

Lending CA Community Bank Regional

A Lending Boom at Banc of California

American Banker

JULY 21, 2016

Banc of California's second-quarter profits soared on stronger lending and credit quality. billion-asset company increased net income 66% from a year earlier to $26.5 million, it said in a news release Thursday.

California

California Lending Company CA

Expand Investment Banking? It's Complicated, Wells Says

American Banker

JUNE 14, 2016

Wells Fargo, widely regarded as the industry's least complex megabank, has recently made big moves into the volatile world of investment banking. But don't read too much into it, according to John Shrewsberry, its chief financial officer.

Industry

Industry CA Regional National

Cathay's Longtime CEO to Hand Reins to President But Remain Chairman

American Banker

AUGUST 19, 2016

The longtime chairman and chief executive of Cathay General Bancorp will relinquish his CEO title this fall and the company's bank president is set to succeed him.

Company

Company CA Community Bank Regional

Are Some Bank Directors Spread Too Thin?

American Banker

MAY 4, 2016

Serving on a bank board is a tough gig, and the fact that a number of bank directors sit on the boards of four or more public companies is raising questions about whether they are too busy to be good watchdogs.

Company

Company CA Community Bank Regional

Ex-Citi Chief Weill and His Wife Donate $185M for Neurological Research

American Banker

APRIL 26, 2016

Sanford Weill, the retired chairman and chief executive of Citigroup, and his wife, Joan, have pledged $185 million to the University of California at San Francisco to create a new research center.

San Francisco

San Francisco California CA Regional

U.S. Bancorp Agrees to Settlement Over 'Zombie' Homes

American Banker

SEPTEMBER 30, 2016

Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

California

California CA Regional National

Cathay Commits to Community Reinvestment Plan with CRC

American Banker

NOVEMBER 1, 2016

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

Los Angeles

Los Angeles Community CA Community Bank

Schwab, BBVA Compass, Mechanics Bank Invest in Nonprofit Lender

American Banker

JULY 12, 2016

Charles Schwab Bank, BBVA Compass and Mechanics Bank are among the latest investors in a California microfinance firm that specializes in small-business lending.

California

California Lending CA Regional

Wells Fargo's Stumpf Easily Hangs On to Chairman's Title

American Banker

APRIL 26, 2016

Corporate governance experts normally recommend splitting the chairman and CEO roles at public companies, but Wells' shareholders let John Stumpf keep both jobs.

Company

Company CA Regional National

Wells Fargo to Pay $8.5M to Settle Call-Recording Probe

American Banker

MARCH 30, 2016

Wells Fargo has agreed to pay the state of California $8.5 million to settle a probe into its failure to tell consumers it was recording their calls.

California

California CA Regional National

MUFG Union Bank Names Ranjana Clark Bay Area President

American Banker

APRIL 12, 2016

Mitsubishi UFJ Financial Group and its U.S. subsidiary, MUFG Union Bank, have named Ranjana Clark to the role of San Francisco Bay Area president.

San Francisco

San Francisco Groups CA Regional

Coronavirus Update: US Cos See Impact, China Begins To Reopen For Business

Credit unions continue to see growth in auto lending

Webinars

Trending Sources

The Top 20 Venture Capitalists

Webinars

Bram Goldsmith, City National's Chairman Emeritus, Dies

A Deep Dive into the Distribution of the FICO Score Across the US

The top-performing community banks of 2021

Deposit Growth Outlook Dims for Small Banks

Host of Factors Dim Deposit-Growth Outlook at Small Banks

PacWest Hires Ex-Regulator as Chief Risk Officer

MUFG Union Bank Names Private Wealth Management Exec

Wells Fargo Joins Amazon to Offer Student Loan Discounts

Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

Seven States Approve Marijuana Measures

Another Blow to Online Payday Lenders, This One from Calif. Court

Beware the 'Cargo Cult' of Performance Targets

First Foundation to Buy Two PacWest Branches

California, Florida, Massachusetts, N. Dakota Approve Pot Measures

CVB Financial Hires Ex-BBVA Exec as Credit Chief

Without Loss-Share Drag, PacWest's Profits Soar

B of A: We Do Things Differently Than Wells Fargo

B of A CFO: Wells Fargo-Type Scam Won't Happen Here

Wells Fargo-Type Scam Won't Happen at B of A: CFO

First Republic Profit Rises Despite Higher Minimum Wage Cost

Western Alliance's 3Q Profit Boosted by Ariz., So. Calif. Loan Growth

Marijuana Banking Group Formed in Calif.

C&I's Problems Go Well Beyond Energy Loans

PacWest's Square 1 Unit Adds Bankers in Two Tech Hubs

The Battle Begins: Banks Take On Online Lending Rivals

First Republic Profit Climbs 27% on Surging Loan Demand

First Republic Buys Student-Debt Startup Gradifi

Why Many Banks Are Hanging On to FDIC Loss-Share Pacts

C&I Is Safer than Construction Loans, Right? Maybe Not

A Lending Boom at Banc of California

Expand Investment Banking? It's Complicated, Wells Says

Cathay's Longtime CEO to Hand Reins to President But Remain Chairman

Are Some Bank Directors Spread Too Thin?

Ex-Citi Chief Weill and His Wife Donate $185M for Neurological Research

U.S. Bancorp Agrees to Settlement Over 'Zombie' Homes

Cathay Commits to Community Reinvestment Plan with CRC

Schwab, BBVA Compass, Mechanics Bank Invest in Nonprofit Lender

Wells Fargo's Stumpf Easily Hangs On to Chairman's Title

Wells Fargo to Pay $8.5M to Settle Call-Recording Probe

MUFG Union Bank Names Ranjana Clark Bay Area President

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