Mergers & Acquisitions

Southern California Bancorp’s acquisition of CalWest Bank was postponed after shareholders initially rejected the proposal

Banks based in California, Michigan, Ohio, Louisiana and Florida have been added to the Nasdaq index of community institutions

In his first week as comptroller, Brian Brooks calls for local and regional leaders to weigh the risks of lockdown on banks

Plus: Provident Bank merger with SB One Bank approved; shareholders approve Wayne Bank-USNY Bank merger; Charles Schwab buys USAA’s investment arm

Major appointments this month involved Discover, Wells Fargo, JP Morgan Chase, Sterling Bank & Trust, Pacific Mercantile Bank, Home Bank and Fifth Third

The impact of the COVID-19 pandemic has heavily impacted the two banks’ plans to combine operations

Also, Cambridge Bank has received regulatory approvals for its delayed purchase of Wellesley Bank

COO Brian Brooks is to take over as acting Comptroller from June 1 as Otting completes his two-and-half year term

A temporary rule change will allow the largest US lenders to expand their balance sheets further to help companies and households through the pandemic

Historically high levels of debt could lead to losses at lenders in the coming months, says a new Federal Reserve report