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Montecito Bank & Trust
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Montecito Bank & Trust reports growth in deposits, loans and net income

By   /  Friday, August 4th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  No Comments

Montecito Bank & Trust grew its assets 5.7 percent over the last 12 months and reported net income of $8.1 million for the first six months of 2017, up 12.5 percent from the prior year. In the earnings release Aug. 4, the Santa Barbara company said a 20.5 percent increase in loan growth year-over-year and Read More →

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Net income up 15 percent at Community West Bancshares

By   /  Friday, July 28th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  No Comments

Net income for Community West Bancshares increased nearly 15 percent for the second quarter ended June 30 to $1.6 million, or 18 cents per diluted share. Loans increased to $684.8 million, versus $564.8 million a year ago, and total assets grew 22.2 percent year-over-year to $785 million. Net interest margin dropped slightly, from 4.45 percent Read More →

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American Riviera Bank expanding to San Luis Obispo County

By   /  Tuesday, July 11th, 2017  /  Banking & Finance, Banking Industry, Central Coast  /  Comments Off on American Riviera Bank expanding to San Luis Obispo County

American Riviera Bank is making a jump into the San Luis Obispo County market, opening a loan production office in Paso Robles with additional branches planned to fill in the territory north of its Santa Barbara base. The office will open next month at 205 Oak Hill Road in The Highlands Shopping Center. It will Read More →

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Bank mergers leaving downtown spaces vacant

By   /  Friday, June 2nd, 2017  /  Banking Industry, Columns, Latest news, Real Estate, Small Business  /  Comments Off on Bank mergers leaving downtown spaces vacant

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Community West Bank opening loan office in Paso Robles

By   /  Friday, May 26th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Community West Bank opening loan office in Paso Robles

Community West Bank announced on Friday that it plans to open a loan production office in Paso Robles. The office, at 725 Creston Road, will open in June and will become Community West Bank’s first Paso Robles Office. “Community West Bank continues to expand our business banking presence on California’s Central Coast,” said Martin Plourd, Read More →

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Governor pays tribute to Towbes at memorial service

By   /  Tuesday, May 23rd, 2017  /  Banking Industry, Latest news, Real Estate, South Coast  /  Comments Off on Governor pays tribute to Towbes at memorial service

Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →

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Santa Maria becoming hub for companies with jobs to offer

By   /  Friday, May 19th, 2017  /  Banking Industry, Central Coast, right, Technology  /  Comments Off on Santa Maria becoming hub for companies with jobs to offer

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