Fourteen California Collection Departmeent Employees Certified

Bank News Articles

Fourteen California Collection Departmeent Employees Certified

Thursday, March 10th, 2011 | Comments Off

Many people may not know this, but collection agents go through extensive training to learn how to hound you for past-due balances. of your finest California bank collection employees have recently been certified.

California Bank Agrees to Acquire Cascade Bank in Washington

Monday, March 7th, 2011 | Comments Off

Opus Bank has entered an agreement to acquire Washington-based Cascade Financial and its subsidiary Cascade Bank.

Two California Banks Shut Down by FDIC

Thursday, March 3rd, 2011 | Comments Off

Two more California banks have failed and subsequently are now under new management.

San Luis Trust Bank, based in San Luis Obispo, opened last week as a new branch of First California Bank. San Luis Trust had $333 million in total assets, and First California has $1,7 billion, according to the FDIC. The bank was also mainly focused on investing in real estate. Luckily, the bank has just one office to convert into First California colors.

Twenty-Two California Bankers Certified Through Treasury Risk Training Program

Tuesday, February 15th, 2011 | Comments Off

Edcomm Banker’s Academy has recently certified 22 Treasury Department staff members from a California bank through its Treasury Risk training program. Upon competition of Focus on Treasury Risk, participants gained the knowledge, skills and certification needed to effectively manage treasury risk at their bank.

“Geezer Bandit” Robs Yet Another California Bank

Sunday, February 13th, 2011 | Comments Off

California banks, beware – the Geezer Bandit may strike you with geriatric contempt!

California Bank of Commerce Adds Financing for Dental, Medical Practices

Wednesday, February 9th, 2011 | Comments Off

In order to expand their reach and depth, California Bank of Commerce has created a new group dedicated to Dental and Medical practice financing. The Bank hired Jamie Smith as Senior Vice President and Amy Maguddatu as Professional Services Officer to launch the Bank’s efforts to expand into the dental and medical financing arena, particularly those professionals seeking to acquire or expand their practice.

Major California Bank Asked to Withdraw Sponsorship of 9/11 “Truther”

Monday, February 7th, 2011 | Comments Off

The University of Iowa, which receives $255 million a year from taxpayers, and Bank of the West, a major California bank, are being urged to withdraw sponsorship of a controversial speaker who was condemned last week by the United Nations and the Obama Administration for suggesting the 9/11 terrorist attacks were an “inside job” orchestrated by the U.S. government—a conspiracy theory he has promoted in numerous writings and interviews.

California Bank & Trust to Close Madera Branch

Friday, February 4th, 2011 | Comments Off

In an effort to cut costs, California Bank & Trust will close its Madera branch near the end of April. This news, while not great, is better than hearing that the FDIC closed it.

California Bank of Commerce Turns a Profit in 2010

Tuesday, February 1st, 2011 | Comments Off

San Francisco Bay Area-based California Bank of Commerce, a bank which targets closely held businesses, today reported net income of $3.4 million for the full year-ended December 31, 2010, including a tax loss carry forward of $3.0 million, compared to a start-up related Loss of ($1.5 million) for the full year-ended December 31, 2009.

Troubled California Bank Sued By FDIC for Doling Out Risky Loans

Thursday, January 27th, 2011 | Comments Off

Redlands, California-based First Centennial Bank is under scrutiny as some of the bank’s former officers and directors are being sued by the FDIC for negligence.

Bank News Articles