North Bay Business Journal

Sterling Savings, owner of Sonoma Bank, under FDIC order

UPDATED 2:45 P.M. SPOKANE, Wash. — Sterling Financial Corp., owner of Sonoma Bank in Santa Rosa, today announced that its subsidiary, Sterling Savings Bank, has entered into agreements with the Federal Deposit Insurance Corp. requiring it to strengthen its financial position.

Tamalpais Bank placed under FDIC cease and desist order

SAN RAFAEL — Tamalpais Bank consented to a cease and desist order with the Federal Deposit Insurance Corp. and the California Department of Financial Institutions that requires it to reduce its commercial real estate loan exposure and improve liquidity.

“We intend to fully comply with the order, and we have made progress,” said Senior Vice President and Chief Marketing Officer Mark Chapman.

Smith Dollar garners FDIC mortgage fraud contract

SANTA ROSA – By the time the mortgage debacle really hit, Sonoma County law partner Rachel Dollar was already well-established in the lending fraud niche, having closed numerous complex, federal cases and publishing a book and widely followed blog on the topic.

Ag credit officials say ‘super-regulator’ not for them

NORTH BAY – With the proposal of a new banking “super-regulator,” it is not just community banks that are afraid of the unknown.

Banks must pay higher FDIC fees

NORTH BAY – Banks are facing a one-time increase in their insurance premiums to shore up the Federal Deposit Insurance Corp., a move experts are saying will further inhibit lending.