Matt Pressberg

Phone: 323-549-5225 Extension: 230

Recent Stories

Purchased Lender Will Still Value Local Image

ACQUISITION: Canadian parent RBC plans to retain City National name, CEO.

Downtown L.A.’s City National Bank was officially acquired by Toronto’s Royal Bank of Canada on Nov. 2, but its local customers shouldn’t expect too much to change.

SPECIAL REPORT: Repeat Performers at It Again

Making it on the list of 100 Fastest Growing Private Companies in Los Angeles County is hard enough to do once. Doing it multiple times is truly impressive.

Regulators Approve Merger of Premier Business Bank and First Mountain Bank

PBB Bancorp, the parent company of downtown L.A.’s Premier Business Bank, announced late Thursday that it has received final approval from regulators for its merger with Big Bear Lake’s First Mountain Bank.

Royal Bank of Canada Completes Acquisition of City National

L.A.’s biggest bank is officially Canadian.

Ontario Lender Crosses County Line for Pickup

ACQUISITION: Citizens says Ventura market drew it to deal for institution.

Ontario to Ventura sounds like the commute from hell, but it was the right route to take for the Inland Empire’s biggest bank.

Fresh & Easy Stores to Close

Fresh & Easy, the El Segundo grocery chain that debuted in 2007 to much fanfare as British supermarket giant Tesco’s entrée into the United States, is checking out.

Survey Reveals Where Chinese Americans Save

INVESTMENT: Group more likely to rely on friends, family to guide strategy.

Plenty of business owners and real estate developers – particularly in Los Angeles – are keenly interested in the financial and investing habits of high-net-worth Chinese Americans.

Seat at Table

NONPROFIT: Homeless participants in Chrysalis job program find employment at reopened Clifton’s Cafeteria.

Chrysalis’ job assistance program served to place homeless participants at the reopened Clifton’s Cafeteria.

Tease photo

PE Roundup: Private Equity Deals Announced This Week

Century City’s Breakaway Capital announced last Friday that it provided an $8.4 million senior secured credit facility to and made an equity investment in Lake Success, N.Y., urgent care clinic operator PM Pediatrics Management Group.

Commercial Bank of California to Acquire National Bank of California

This story has been updated from a previous version. Two banks controlled by Downey entrepreneur Alex Meruelo are set to formally join forces.

More stories >>