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Community Bank of Santa Maria reports Q3 earnings jump

By   /  Friday, October 15th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports Q3 earnings jump

Community Bancorp of Santa Maria reported that its income, assets and deposits increased in the third quarter of 2021 compared to a year earlier, while the bank’s net loans were impacted by payoffs received federal Paycheck Protection Program loans. Community Bancorp is the parent company of Community Bank of Santa Maria, one of four banks Read More →

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Opinion: Celebrating the tri-county region’s Latino business community

By   /  Friday, October 15th, 2021  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Opinion: Celebrating the tri-county region’s Latino business community

By Kristina Alameda Although Hispanic Heritage Month is winding down, it gave us a unified opportunity to celebrate the richness and diversity of the Hispanic-Latino community and recognize our collective path forward to drive social and economic progress in the Tri-Counties. This year in particular, we recognize the resilience of small business owners impacted by Read More →

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Community West Bank names new president

By   /  Monday, October 4th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

Goleta-based Community West Bancshares announced Oct. 4 that William Filippin, a 26-year banking industry veteran, has been promoted to president of Community West Bank. Filippin’s responsibilities include day-to-day decisions about policy, procedure and process, according to a news release from Community West Bancshares. He began his new role on Oct. 1. “Bill’s strategic contributions over Read More →

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Mission Wealth acquires Seattle-based firm

By   /  Friday, October 1st, 2021  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Mission Wealth acquires Seattle-based firm

Santa Barbara-based Mission Wealth announced on Oct. 1 that it has acquired Sea to Peak Financial advisors, a firm with offices in Seattle and Denver and about $90 million in assets under management. “As a 100% employee-owned firm, we feel we have a natural advantage in mergers and integrations and can be more flexible in Read More →

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Opinion: Led the Fed do its job, and let Powell finish his work leading it

By   /  Friday, October 1st, 2021  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Opinion: Led the Fed do its job, and let Powell finish his work leading it

By Kirk Lesh The question of whether Federal Reserve Chairman Jerome Powell’s term should be extended has received a lot of attention recently. It seems like The Washington Post, The New York Times or The Wall Street Journal has an article on this topic every week. In a similar vein, it seems someone from the Read More →

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Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo

By   /  Friday, September 24th, 2021  /  Banking & Finance, Banking Industry, Columns, Latest news, Subscriber content  /  Comments Off on Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo

Henry Dubroff

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U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, left, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →

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