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Mark Simmons, a seasoned commercial lender, is planning to open a bank in Californias Orange County that is dedicated to making loans to businesses. Core Commercial Bank, expected to be the states first de novo since 2008, would jump into a market where commercial lenders are plentiful and aggressive.
November 25 -
Private-equity investors in Opus Bank in Irvine, Calif., are cashing in some of their chips.
November 18 -
WASHINGTON The Federal Reserve Board proposed a change Thursday to its recently finalized liquidity rules for the largest U.S. banks that would allow certain municipal and state bonds to qualify as high-quality liquid assets.
May 21
Opus Bank in Irvine, Calif., has created a formal division for lending to municipal governments and has promoted executive Debbie McLeod to lead the venture.
McLeod, who is director of retail strategies at the $6.1 billion-asset bank, will retain her title as her role extends to municipal banking.
McLeod has been with Opus since 2011, when it
McLeod has worked with municipalities and other local governments, Chief Executive Stephen Gordon said in a Tuesday news release. Opus has done work with municipal governments since 2011, Gordon said.
