Copyright © 2015, Bank Director By Jack Milligan, editor of Bank Director If service as a bank director is supposed to be a cushy sinecure, then someone forgot to tell the seven board members at CVB Financial Corp., a $7.4 billion asset bank headquartered in Ontario, California. The CVB board and its various committees all meet on the same day CONTINUE READING >>
Copyright © 2014, Los Angeles Times By E. Scott Reckard Encouraged by some of California’s leading financial executives, 16 community banks have invested $6.3 million into Pan American Bank in East Los Angeles to ward off regulators and keep open California’s oldest Latino bank. Organizers of the funding said Wednesday that they assured regulators and the new investors that the CONTINUE READING >>
Copyright © 2014, American Banker by Robert Barba A pack of West Coast banks have banded together to save Pan American Bank in Los Angeles. The $41 million-asset bank has been recapitalized after raising $6.3 million from 16 banks. Pan American was significantly undercapitalized at March 31, according to regulatory data. Pan American was facing a potential failure after the CONTINUE READING >>
RANCHO SANTA FE, Calif.–(PRNewswire)–Castle Creek is pleased to announce the final closing of its fourth fund, Castle Creek Capital Partners IV, L.P. (“Fund IV”), with $331 million in capital commitments. The capital was raised from a diverse group of institutional investors, including public and private pension funds, prominent fund of funds and financial institutions, with Thomas Capital Group serving as CONTINUE READING >>
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