Among this week's most-read content: features on pending deals between CVB Financial and Community Bank, and an LGBT credit union set to open in mid-2019.
CVB Financial pays hefty price for seller at the top of its wish list
CVB Financial Corp.'s $878.3 million deal to acquire Community Bank did not come cheap. Piper Jaffray analyst Matthew Clark said the deal is "tough to digest" given its price.
First Choice Bancorp bulks up in SoCal with acquisition in Los Angeles
With its pending acquisition of Pacific Commerce Bancorp, First Choice Bancorp CEO Robert Franko said the company will get a toehold in key areas of Los Angeles and expand across San Diego County.
CU aiming to serve LGBT community plans to open mid-2019
An organization attempting to start a credit union for the lesbian, gay, bisexual and transgender community had originally planned to open under a state charter, but it is now seeking another path.
Activist, HomeStreet square off over business model, board seats
Roaring Blue Lion Capital Management LP, a long-time investor of HomeStreet Inc., has turned activist after dissatisfaction with the company's returns and its mortgage banking business. But the company said it is already taking steps to improve its situation.
Powell: Gradual increases necessary as inflation normalizes
Federal Reserve Chairman Jerome Powell expressed confidence that inflation will return to the Fed's target "over the medium term," attributing the recent misses to temporary factors that "we do not expect will repeat."
