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Ventura County Credit Union purchases former Affinity Group HQ

By   /  Monday, August 18th, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

VistaDelMarWEB

Ventura County Credit Union has purchased the 73,000-square-foot office building at 2575 Vista Del Mar Drive in Ventura for its new headquarters. The property was previously the corporate home of Affinity Group. The purchase price was not disclosed. The property previously changed hands for $4.4 million in late 2012, property records show. The credit union […]

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Santa Barbara Community Bank to open on Carrillo Street

By   /  Friday, August 15th, 2014  /  Banking & Finance, Banking Industry, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  No Comments

OCB Bancorp has taken over the 1,600-square-foot space at 21 E. Carrillo St. in downtown Santa Barbara for its new Santa Barbara Community Bank division. The location is a new branch for Ojai-based OCB Bancorp, which announced last month that it had tapped veteran banker Eloy Ortega to lead its expansion into the South Coast. […]

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Bank of America names market president

By   /  Tuesday, August 5th, 2014  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura County  /  No Comments

Diana Gleason has been named market president for Bank of America in Ventura and Santa Barbara counties. Most recently, Gleason was a regional sales executive for Bank of American Home Loans for Ventura, Santa Barbara and San Luis Obispo counties and West Los Angeles. She has been in the banking industry for nearly 40 years […]

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Santa Maria farmer files Chapter 7 amid legal battle with bank

By   /  Friday, August 1st, 2014  /  Agriculture, Banking & Finance, Banking Industry, Central Coast, Law, Top Stories, Tri-County Economy  /  Comments Off

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

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OCB Bancorp taps Ortega to open Santa Barbara branch

By   /  Friday, August 1st, 2014  /  Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

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Heritage Oaks Q2 profits jump 25%

By   /  Tuesday, July 29th, 2014  /  Banking & Finance, Banking Industry, Central Coast, South Coast, Tri-County Economy  /  Comments Off

Paso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to […]

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Community West Bank profits fall 19.8 percent

By   /  Friday, July 25th, 2014  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off

Goleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.

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