March 28, 2024
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Montecito Bank & Trust
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Portfolio watch

By   /  Thursday, March 23rd, 2023  /  Banking & Finance, Banking Industry, Economy, Latest news, Personal Finance  /  Comments Off on Portfolio watch

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Central Coast’s diverse tech scene will outlast SVB’s fallout

By   /  Monday, March 20th, 2023  /  Banking & Finance, Economy, Latest news, Opinion, Subscriber content  /  Comments Off on Central Coast’s diverse tech scene will outlast SVB’s fallout

Henry Dubroff

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Region sidesteps brunt of SVB impact

By   /  Thursday, March 16th, 2023  /  Banking & Finance, Banking Industry, Economy, Latest news, middle  /  Comments Off on Region sidesteps brunt of SVB impact

Not so fast. The confidence that was returning to the banking sector eroded a bit on March 15 after Credit Suisse announced it was facing its own financial troubles, but after the Swiss government announced it would be ready to step in “if necessary” those fear abated somewhat. Six days after the collapse of Santa Read More →

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Portfolio watch

By   /  Wednesday, March 15th, 2023  /  Banking & Finance, Latest news, Personal Finance  /  Comments Off on Portfolio watch

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Updated: Feds take swift action to avoid financial crisis

By   /  Sunday, March 12th, 2023  /  Banking & Finance, Economy, Latest news, Top Stories, Top Story  /  Comments Off on Updated: Feds take swift action to avoid financial crisis

Update: This article was updated on March 13 to include stock prices of banks both inside and outside the region as well as include an exclusive interview with American Riviera Bank President Jeff Devine. This article was updated again on March 14 to update stock prices. Regional bank stocks were headed into recovery mode on Read More →

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Bank CEO, economist see little impact from SVB failure

By   /  Friday, March 10th, 2023  /  Banking & Finance, Banking Industry, Economy, Latest news, Subscriber content, Top Stories, Top Story, Tri-County Economy  /  Comments Off on Bank CEO, economist see little impact from SVB failure

The chair of the region’s biggest bank a leading economist responded quickly to the biggest bank failure since the financial crisis with reassurances that Silicon Valley Bank is unlikely to have broad impacts. Based in Santa Clara, Silicon Valley Bank had its doors closed and its deposits seized by the Federal Deposit Insurance Corp., the Read More →

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Avocado pricing hurts Calavo’s first quarter

By   /  Friday, March 10th, 2023  /  Agribusiness, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Avocado pricing hurts Calavo’s first quarter

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