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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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Albertsons’ Online Sales Surge 276 Pct As Pandemic Reshapes Shopping

PYMNTS

We generated strong financial performance in the first quarter, including robust cash flow and enhanced liquidity, which support our continued investment to benefit our associates, customers, communities and stockholders,” the statement continued. Albertsons also reported nearly $15 million in “civil disruption-related costs.”

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is shuttering operations in Atlanta, Phoenix, San Diego, and San Antonio in the US; Linz, Austria in Europe; and Bogotá, Buenos Aires, Montevideo, Lima, Puerto Vallarta, Rio de Janeiro, and São Paulo in Latin America. These market closures have an effect not just on riders, but on our whole Lime community.

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Xero, Stripe Team On Small Biz Payments

PYMNTS

Together, Xero and Stripe will bring sophisticated payments tools to the growing community of small businesses, advisors and entrepreneurs who use Xero daily and who are critical drivers of our internet economy.”.

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Did Seacoast wait too long to strike a deal?

American Banker

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.

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Real Estate Startup Bungalow Secures $64M In Funding

PYMNTS

Bungalow also helps to create a sense of community through exclusive social events and volunteer opportunities so residents can get to know each other. “My It was hard to find a great home and even harder to build a supportive community away from friends and family,” Andrew Collins, co-founder and CEO of Bungalow, said in a press release. “We

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Axos dealing with Durbin-related snags in H&R Block pact

American Banker

The San Diego bank is struggling to renegotiate a partnership with the tax preparation firm to address caps on interchange fees.