Banking News

Banking News – including business banking, financial services, consumer finance, bank technology, and related banking industry news, issued by the Send2Press Newswire service.


Mid America Mortgage Executives to Speak at Upcoming MBA, ALTA Events

ADDISON, Texas, Nov. 26, 2019 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today that two of its executives will be sharing their expertise at upcoming events for the Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA), respectively.

Bank of Southern California NA Names Troy Perry Managing Director, Business Banking

SAN DIEGO, Calif., Nov. 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Troy Perry has joined the company as Managing Director of Business Banking. He will be responsible for broadening Bank of Southern California’s market presence by actively seeking new business opportunities throughout Los Angeles’ Westside.

Bank of Southern California, N.A. Announces Third Quarter 2019 Results

SAN DIEGO, Calif., Oct. 25, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the third quarter ended September 30, 2019. Total assets grew to $839 million at September 30, 2019, a 14% increase compared to the third quarter of 2018.

Bank of Southern California, NA and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge

SAN DIEGO and RANCHO SANTA MARGARITA, Calif., Oct. 21, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of CALW and BCAL.

Bank of Southern California NA Names Jacob Mathews Managing Director of Business Banking

SAN DIEGO, Calif., Oct. 16, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Jacob Mathews has joined the company as Managing Director of Business Banking. He will be responsible for expanding Bank of Southern California’s client base by actively seeking new business opportunities in Los Angeles County and Orange County.

Bank Execs Share the Next Generation Customer Experience at #NEXTDC19

EDMOND, Okla., Sept. 20, 2019 (SEND2PRESS NEWSWIRE) — NEXT Mortgage Events LLC, creator of NEXT women’s executive mortgage summit and Housing Finance Strategies, a Washington, D.C.-based advisory firm, have announced that executives from Roostify, Chase Home Lending and TD Bank, America’s Most Convenient Bank, will be featured speakers at #NEXTDC19, the women’s executive summit focused on housing policy and fintech.

Bank of Southern California N.A. Names Joel Ewan Senior Vice President, Credit Administration

SAN DIEGO, Calif., Aug. 12, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joel Ewan as Senior Vice President, Credit Administration. In this newly created role, he will be responsible for managing, implementing, and evaluating credit policy initiatives as well as analyzing and structuring commercial credit for clients across multiple industry sectors.

Bank of Southern California NA Announces Justin Roscoe as AVP, Training Officer

SAN DIEGO, Calif., Aug. 5, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has named Justin Roscoe as Assistant Vice President, Training Officer. In this newly created role, he will lead all learning and development, and career pathing programs for the Bank. In addition, he will be responsible for developing a structured recruiting process and company-wide internship program.

Bank of Southern California N.A. Announces Second Quarter 2019 Results

SAN DIEGO, Calif., July 24, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the second quarter ended June 30, 2019. Total assets were $767 million for the second quarter of 2019, a 47% increase compared to the second quarter of 2018. Quarterly net income increased 20% to $1.57 million compared to $1.31 million in Q2 of 2018.

Bank of Southern California NA Names Ian McKay Managing Director

SAN DIEGO, Calif., July 17, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the hiring of Ian McKay as Managing Director of Business Banking. He will focus on developing and managing a portfolio of small to medium sized businesses located throughout Orange County.

Level One Bank Enlists CompenSafe to Automate Incentive Compensation After Doubling Its Mortgage Division

MACON, Ga., July 16, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Level One Bank (NASDAQ: LEVL) has chosen CompenSafe to automate incentive compensation for mortgage loan originators and support staff across the community bank’s mortgage loan center and branch locations

Bank of Southern California, N.A. Names Robby Piper Senior Managing Director

SAN DIEGO, Calif., July 1, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Robby Piper has joined the company as Senior Managing Director, Business Banking. He will be responsible for expanding Bank of Southern California’s client base.

Bank of Southern California NA Names Kamran Khosrovani Branch Managing Director

SAN DIEGO, Calif., June 12, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has hired Kamran Khosrovani as Branch Managing Director of Business Banking in Los Angeles. He will focus on client acquisition and retention as Bank of Southern California looks to further expand its presence throughout the greater Los Angeles region.

Blue Ridge Bank, N.A. Partners with ReverseVision to Launch HECM and Reverse Lending Division

SAN DIEGO, Calif., May 20, 2019 (SEND2PRESS NEWSWIRE) — ReverseVision, the leading provider of technology and training for the Home Equity Conversion Mortgage (HECM) industry, today announced that it has partnered with North Carolina-based Blue Ridge Bank, N.A. Mortgage Division (Blue Ridge Bank).

Bank of Southern California NA Names Sean Dlal Managing Director of Business Banking

SAN DIEGO, Calif., May 13, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Sean Dlal has joined the company as Managing Director of Business Banking in Del Mar. He will be responsible for expanding Bank of Southern California’s client base by actively seeking new business opportunities in the San Diego region.

Bank of Southern California NA Announces First Quarter 2019 Results and Reports Growth Amidst Expansion

SAN DIEGO, Calif., May 7, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) today reported results for the first quarter ended March 31, 2019. Total assets grew to $769 million for the first quarter of 2019, a 47% increase compared to the first quarter of 2018. Quarterly net income increased 72% to $1.85 million compared to $1.07 million in Q1 of 2018. Total loans ended the quarter at $629 million and total deposits were $636 million.

Bank of Southern California NA Appoints Rick Beatty Vice President, Underwriter

SAN DIEGO, Calif., April 22, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Rick Beatty Vice President, Underwriter. He will be responsible for structuring, analyzing and underwriting commercial credit for small to middle market companies as well as managing an existing portfolio of clients.

Bank of Southern California NA Promotes Tony DiVita to Chief Operating Officer

SAN DIEGO, Calif., April 15, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Tony DiVita Executive Vice President, Chief Operating Officer. Mr. DiVita joined Bank of Southern California in 2011 and most recently held the position of Executive Vice President, Chief Banking Officer.

Bank of Southern California NA Appoints Gaylin Anderson to Chief Banking Officer

SAN DIEGO, Calif., April 8, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Gaylin Anderson Executive Vice President, Chief Banking Officer. Mr. Anderson previously served as Executive Vice President, Market Executive, and was responsible for the bank’s growth within the newly added Los Angeles and Orange County markets.

Bank of Southern California NA Extends Loan Facility to NTC Foundation

SAN DIEGO, Calif., April 2, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced today that it has extended a loan facility to the NTC Foundation, a San Diego-based non-profit organization focused on creating a destination for arts and culture at the former Naval Training Center in San Diego.

Bank of Southern California NA Appoints Ashley Lopez as Branch Managing Director

SAN DIEGO, Calif., March 27, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ashley Lopez as Branch Managing Director for the company’s Carlsbad office. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business banking relationships with a focus on San Diego’s North County communities.

LBA Ware Founder and CEO Lori Brewer Selected as 2019 Tech All-Star by Mortgage Bankers Association

MACON, Ga., March 25, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware(TM), provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that company Founder and CEO Lori Brewer has been named a winner of the 2019 MBA Insights Tech All-Star award. Brewer accepted her award today during the opening session of the Mortgage Bankers Association’s Technology Solutions Conference & Expo 2019 in Dallas.

Bank of Southern California NA Continues to Expand Its Business Development Team in Greater Los Angeles Area

SAN DIEGO, Calif., March 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce the expansion of its business development team in the Los Angeles market with the hiring of two seasoned banking professionals to support the company’s continued growth and expansion in the Southern California region.

Base Zero Crypto Custody Keeps Financial Institutions Safe from Theft, Fraud, and Accidental Loss of Client Cryptocurrency Assets

BERKELEY, Calif., Feb. 26, 2019 (SEND2PRESS NEWSWIRE) — Multi-signature transaction authorization has become more secure and more convenient, thanks to Base Zero’s handheld signer devices. The devices work in combination with flexible security software that smoothly integrates with existing financial systems. Base Zero institutional crypto custody enables offline safekeeping of client crypto assets while maintaining 24/7 real-time asset access and transaction capability.

Bank of Southern California Announces Fourth Quarter and Year End 2018 Financial Results

SAN DIEGO, Calif., Feb. 11, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL) announced quarterly net income of $2.0 million for the fourth quarter of 2018, compared to $875 thousand in the third quarter of 2018 and $1.1 million for the fourth quarter of 2017. For the year ended December 31, 2018, net income was $5.3 million compared to $4.0 million for the year ended December 31, 2017.

Bank of Southern California N.A. Names Scott Yates Regional Managing Director

SAN DIEGO, Calif., Feb. 6, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has expanded its business development team with the appointment of Scott Yates as Group Managing Director of Branch Sales and Deposit Origination.

Bank of Southern California NA Appoints John E. Chung as Group Managing Director

SAN DIEGO, Calif., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of John Chung as Group Managing Director of Business Banking. He will be responsible for leading the team’s impact of meeting the banking needs of small to medium sized businesses throughout Southern California.

LBA Ware CEO to Discuss Loan Originator Compensation Trends in Today’s Market at MBA Independent Mortgage Bankers Conference

MACON, Ga., Jan. 15, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that its Founder and CEO Lori Brewer will be a panelist at the Mortgage Bankers Association’s (MBA) 2019 Independent Mortgage Bankers (IMB) Conference, which will be held January 28-31 at the Hyatt Regency San Francisco.

Bank of Southern California, N.A. Names Bill Lamison Vice President, Underwriter

SAN DIEGO, Calif., Jan. 14, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Bill Lamison as Vice President, Underwriter. He will join the company’s established business banking team and will be responsible for structuring, analyzing and underwriting commercial credit for new clients as well as managing an existing portfolio of customers.

MCT’s Danyel Shipley Honored as one of Mortgage Banking’s Most Powerful Women for 2018 by NMP Magazine

SAN DIEGO, Calif., Jan. 7, 2019 (SEND2PRESS NEWSWIRE) — Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that long-time employee Danyel Shipley was name to National Mortgage Professional Magazine’s (NMP) 2018 list of Mortgage Banking’s Most Powerful Women.

Bank of Southern California, N.A. Names Lori Boucher Vice President Branch Manager in La Quinta

SAN DIEGO, Calif., Jan. 2, 2019 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Lori Boucher Vice President, Branch Manager. She will be responsible for sales and service of both consumer and business relationships at Bank of Southern California’s La Quinta branch in Coachella Valley.

United Community Bank Picks LBA Ware’s CompenSafe for Efficient, Flexible Automation of Loan Originator and Processor Commissions

MACON, Ga., Dec. 19, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Georgia-based United Community Banks, Inc. (NASDAQ: UCBI) (“United”) has deployed CompenSafe to automate loan originator (LO) and processor commissions.

Bank of Southern California, N.A. Names Joshua Mello Managing Director in San Diego

SAN DIEGO, Calif., Dec. 19, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joshua Mello as Managing Director. He will be responsible for developing and managing a portfolio of commercial clients in the greater San Diego region.

Bank of Southern California NA Hires Pamela Marble as Managing Director in Orange County

SAN DIEGO, Calif., Dec. 10, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Pamela Marble as Managing Director in Orange County. In this role, she will be responsible for business development and client relationship management.

Bank of Southern California, N.A. Opens West Los Angeles Office

LOS ANGELES, Calif., Dec. 3, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, Calif., is pleased to announce its continued expansion in Los Angeles with the opening of a new production office in West Los Angeles.

Bank of Southern California NA Hires Juliana Rowland as Managing Director in Orange County

SAN DIEGO, Calif., Nov. 26, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Juliana Rowland as Managing Director in Orange County. She will be responsible for cultivating new client relationships for the Bank with a focus on Orange County’s business community.

Bank of Southern California, NA Announces Third Quarter 2018 Financial Results (OTC:BCAL)

SAN DIEGO, Calif., Nov. 13, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly net income of $874,988 for the third quarter of 2018, compared to $1,088,043 for the third quarter of 2017. For the nine months ended September 30, 2018, net income was $3,253,441, compared to $2,830,295 for the nine months ended September 30, 2017. Results for the quarter and nine months ended Sept. 30, 2018, include approximately $1.2 million and $1.6 million, respectively, in expenses related to the acquisition of Americas United Bank (OTC Pink: AUNB), which was completed on July 31, 2018.

Bank of Southern California NA Announces Senior Vice President Promotions

SAN DIEGO, Calif., Oct. 22, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the promotions of Margaret Rheinwald to Senior Vice President, Controller and Sharokin Badal to Senior Vice President, Treasury Services. The promotions reflect their years of service with the bank and their meaningful contributions to support the company’s ongoing growth and expansion.

Bank of Southern California, N.A. Names Helen Johnson Senior VP, Loan Administration Manager

SAN DIEGO, Calif., Sept. 18, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Helen Johnson has joined the company as Senior Vice President, Loan Administration Manager.

Bank of Southern California, N.A. Appoints Ann Torrico as Managing Director

SAN DIEGO, Calif., Sept. 10, 2018 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ann Torrico as Managing Director in Los Angeles. She will be responsible for expanding Bank of Southern California’s market presence by actively seeking new business opportunities in the Greater Los Angeles region with a focus in West Los Angeles and South Bay.