Loading...
You are here:  Home  >  Banking & Finance  >  Banking Industry
Latest

Community West Bank COO dies

By   /  Monday, July 21st, 2014  /  Banking & Finance, Banking Industry, South Coast, Tri-County Economy  /  No Comments

Michael Phlaum, chief operating officer at Goleta-based Community West Bank, died Friday evening from complications related to a stroke, the bank said on July 21. Phlaum joined the bank in February 2012 and was promoted to COO and executive vice president in February of this year. “This is a tragic loss for me personally and […]

Read More →
Latest

Santa Clara Valley Bank to be sold in $15.3M deal

By   /  Friday, July 18th, 2014  /  Agriculture, Banking & Finance, Banking Industry, Latest news, Top Stories  /  No Comments

Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.

Read More →
Latest

Community West names chief credit officer

By   /  Thursday, June 26th, 2014  /  Banking & Finance, Banking Industry  /  No Comments

Goleta-based Community West Bancshares, the holding company for Community West Bank, has hired Kristine Price as its new chief credit officer and vice president, effective July 31. Price was previously the chief credit officer and senior credit administrator for the Los Angeles market at Torrey Pines Bank, the California division of Western Alliance Bank. She […]

Read More →
Latest

Coast National Bank parent raises $6.8M in private placement

By   /  Friday, June 13th, 2014  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off

Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock […]

Read More →
Latest

City National hires set stage for South Coast expansion

By   /  Tuesday, May 20th, 2014  /  Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off

City National Bank has hired a team of prominent South Coast private bankers as it gets ready to launch an expansion into Santa Barbara County. The Los Angeles-based bank, one of the largest based in California, said Tuesday that it has hired Leo Hamill, Susan Rogers, Annamarie Cole, Amber Ortiz and Roy Martinez. All are […]

Read More →
Latest

UPDATED: Bank of Santa Barbara CEO search underway

By   /  Friday, May 16th, 2014  /  Banking & Finance, Banking Industry, South Coast, Top Stories, Tri-County Economy  /  Comments Off

The Bank of Santa Barbara is searching for a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules. Eloy Ortega has left his position as chief executive and Joanne Funari has been appointed interim CEO while a special committee recruits a new leader.

Read More →
Latest

The Bank of Santa Barbara CEO steps down

By   /  Wednesday, May 14th, 2014  /  Banking & Finance, Banking Industry, South Coast, Tri-County Economy  /  Comments Off

The Bank of Santa Barbara is seeking a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules.

Read More →