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California BanCorp Launches Treasury Management Consultancy

PYMNTS

California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We

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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. Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. It has over 5 million registered users.

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DoorDash Dives Into Grocery Delivery Business

PYMNTS

San Francisco, Los Angeles, Orange County, Sacramento, San Diego and California Central Coast customers can order from Smart & Final. A June fundraise put San Francisco-based DoorDash’s market capitalization at about $15 billion , but the company’s rapid growth has come with challenges.

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Which are America's healthiest credit unions?

Abrigo

The ratio gauges a financial institution’s ability to cover its bad debts with its total capital and allowances. The list of 50 includes a diverse group of credit unions geographically, spanning to the tip of the East Coast in Maine, to 13 institutions in California (the best-represented state on the list).

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Can banks have an impact on alleviating the egg shortage?

Abrigo

Farmers & Merchants Bank of Central California leads ag lending in the West, with more than $250 million. The bank’s 23 branches serve Sacramento and south of the capital city, where almonds and grapes are two key cash crops. The north Texas bank, which specializes in commercial lending, lent nearly $600 million.

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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

Before Tuesday’s announcement on the two new headquarter locations, candidate cities Cincinnati, Ohio and Sacramento, California were reportedly changing workforce development programs to grow talent in the technology realm. Citi Reaction.

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Memorial Day Post: Honor Those Fallen During Our Afghanistan Withdrawal

Jeff For Banks

Rapid Taliban Advance As the withdrawal commenced, the Taliban rapidly gained ground across Afghanistan, seizing control of provincial capitals and major cities with surprising speed that was not predicted by U.S. As my former Navy division officer once told me, "Careful pointing fingers because the others are pointing at you."