Subprime lender Lendmark Financial entering California

Southern California is losing one name in subprime lending but picking up another. Next year, more than two dozen California branches of subprime lender Springleaf Financial will become branches of Lendmark Financial Services. It’s part of a deal that will allow Springleaf to swallow up a larger competitor. Springleaf, based in Evansville, Ind., said in March it would buy rival OneMain Financial from New York banking giant Citigroup. But that deal, a combination of...