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PacWest in Los Angeles accelerates CEO succession

American Banker

(..)

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RBB Bancorp, Gateway Bank in Bay Area call off merger

American Banker

The $23 million deal, signed in 2021 and initially projected to close in the second quarter of 2022, was delayed multiple times amid leadership turnover at the Los Angeles-based RBB.

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California banks to combine in $234 million 'merger of equals'

American Banker

billion-asset lender with a footprint spanning San Diego, Greater Los Angeles and the San Francisco Bay Area. The deal involving Southern California Bancorp and California BanCorp, expected to close in the third quarter, would form a $4.6

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African American-led fintech rides SBA's minority-lending wave

American Banker

Los Angeles-based Lendistry — in less than two years — became the largest Black-run 7(a) lender. Its CEO credits a concerted effort by the Small Business Administration to reach out to minority lenders and businesses, whose participation in the lending program is growing.

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Big Lenders Process Half-Million Loan Applications Totaling $45.8B

PYMNTS

Less than 30,000 loan applications from both banks combined have been approved by Small Business Administration (SBA). The government shut big lenders out of the program on Wednesday (April 29) so more community banks could participate.

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MidFirst in Oklahoma City to Buy 1st Century in Los Angeles

American Banker

MidFirst Bank in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles.

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D.C. banker poised to lead nation's biggest Black-run bank after merger

American Banker

Brian Argrett, whose City First Bank is being sold to Los Angeles-based Broadway Financial, would take the helm of the combined company at a time of increased national interest in reinvigorating minority-owned financial institutions.