-
Clearinghouse CDFI in Lake Forest, Calif., has acquired Arizona MultiBank Community Development, a community development financial institution that operates in the Southwestern U.S. and on Native American reservations.
June 30 -
Banc of California (BANC) in Irvine has acquired an 8% stake in Clearinghouse CDFI, an institution that serves low- to moderate-income communities in California and Nevada.
May 5 -
Pressure from community groups forced Valley National Bancorp to strengthen its commitment to lend in low-and moderate-income neighborhoods in order to win approval for a Florida acquisition. Other banks, too, are now placing CRA efforts front-and-center as they aim to sell deals to the public and their regulators.
June 19
Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.
Executives at Americas United, a $165 million-asset minority owned institution, declined to say how much the bank will pay for the branches. The deal, set to close in the third quarter, also includes $50 million in deposits and $35 million of loans.
Calls to the $6 billion-asset Banc of California were not immediately returned.
Americas United said the deal will help it expand in southeastern Los Angeles.
