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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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SoFi Signs Deal For LA Stadium Naming Rights

PYMNTS

SoFi has announced that it has signed a 20-year agreement with LA Stadium and Entertainment District at Hollywood Park to be the exclusive naming rights partner of the new SoFi Stadium, the future home of the Los Angeles Chargers and the Los Angeles Rams.

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Amid profit woes, City National will get an infusion of new leadership

American Banker

Greg Carmichael, the former CEO of Fifth Third, will join the Los Angeles bank as its executive chair. The move comes a few weeks after City National, which is a unit of Royal Bank of Canada, reported a quarterly loss.

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Event Startup Fever Notches $35M

PYMNTS

Headquartered in London, Fever is a live event creation and discovery startup that features places, pop-ups and experiences in cities around the world, including New York, Los Angeles, London, Manchester, Paris, Lisbon, Madrid, Barcelona, Bilbao, Seville, Valencia, Málaga and Ibiza.

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College Pays Off Hackers With $28K In Bitcoin

PYMNTS

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The Los Angeles Valley College District decided to pony up and pay the digital ransom to the tune of $28,000 in bitcoin. Francisco C.

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Aftermath: Retailers Try To Focus On Recovery

PYMNTS

Retail locations of all types and brands went unspared, from Los Angeles to New York City, as protests turned violent. Best Buy’s senior leadership team – which stated ‘we are as a group, by and large, not people of color’ – penned a note pledging to commit to diversity and inclusion goals.”.

Retail 131
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POS Company Appetize Raises $20 Million, Plans To Grow Its Team

PYMNTS

Andy Howard, Partner of Shamrock Capital, was quoted as saying: “We see Appetize’s combination of explosive growth, differentiated enterprise platform and market leadership as a strong indication of what the future holds for the POS sector.”. To date, Appetize has deployed over 17,000 units.