Pacific Continental in Eugene, Ore., is planning to issue $35 million in subordinated debt that could help it fund future acquisitions.
The $2 billion-asset Pacific said in a regulatory filing Monday that it has started an offering for
Separately, the company said it expects to incur about $8.4 million in expenses tied to its pending purchase of Foundation Bancorp in Bellevue, Wash. The company said in a
Pacific
Elevations Credit Union is paying athletes at the University of Colorado Boulder by way of a new credit card. The annual fee, plus two cents per transaction, will go to a collective that provides financial support to Buffaloes players.
The bureau suggested this week that states should remove the exemptions banks enjoy from data privacy laws. California is a prime candidate to act.
The North Dakota governor's real estate background and affordable housing policies fit with the president-elect's plan to open up federal lands for new home construction.
Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.
The number of banks announcing plans to sell this year reached 108 by the end of Oct.; Truist Financial promoted Brad Bender to chief risk officer; Old Point Financial made Cathy W. Liles its chief financial officer; and more in this week's banking news roundup.
Sam Valverde, acting president of Ginnie Mae, has resigned after about six months in the job.
