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Montecito Bank & Trust
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New CIO at Montecito Bank & Trust: ‘Value has long been ignored’

By   /  Friday, April 9th, 2021  /  Banking & Finance, Banking Industry, Latest news, Subscriber content  /  No Comments

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Opinion: Pandemic’s effect on the workforce hasn’t been equal

By   /  Thursday, April 8th, 2021  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion, Women Inc.  /  No Comments

By Midge Campbell-Thomas According to the U.S. Bureau of Labor Statistics, in December 2019 there were 109,000 more women working than men, occupying 50.04% of positions. However, once the pandemic evolved, thousands of women left the workforce to accommodate responsibilities brought on by stay-at-home orders, which left them as full-time caregivers According to the January Read More →

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Bank of America buys Santa Barbara health care payment company

By   /  Tuesday, April 6th, 2021  /  Banking & Finance, Banking Industry, Central Coast Health Watch, Latest news, South Coast, Technology, Tri-County Economy  /  No Comments

Axia Technologies, a Santa Barbara-based health care payment and technology company, has been acquired by Bank of America. The terms of the acquisition were not immediately announced, but in an April 2 news release announcing the deal, Bank of America said the move is part of a lager strategy to bring additional merchant services onto Read More →

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Montecito Bank & Trust reports growth in assets, deposits and income

By   /  Friday, February 5th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports growth in assets, deposits and income

Montecito Bank & Trust saw its total assets grow more than 20% during 2020, on the back of strong loan production, deposit growth and higher net income, the bank said Feb. 5. The bank’s total assets grew $344.1 million, a boost of about 21.4% from the previous year, bringing Montecito Bank & Trust’s total assets Read More →

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PennyMac reports earnings jump, tops $2B in income in 2020

By   /  Thursday, February 4th, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac reports earnings jump, tops $2B in income in 2020

PennyMac Financial Services hit a record high with pretax income of more than $2 billion last year as the company saw a sharp increase in both its fourth quarter and year-end results. The Westlake Village-based mortgage firm reported a net income of $452.8 million for the fourth quarter of 2020, or $5.97 per share on Read More →

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Community West reports income growth in 2020

By   /  Monday, February 1st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community West reports income growth in 2020

Community West Bancshares saw its net income rise in 2020, even as it fell slightly in the fourth quarter of the year. The parent company of Goleta-based Community West Bank reported a net income of $8.2 million, or 97 cents per diluted share, for all of 2020, as compared to $8 million, or 93 cents Read More →

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Citizens Business Bank reports earnings drop in 2020

By   /  Friday, January 29th, 2021  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Citizens Business Bank reports earnings drop in 2020

CVB Financial Corp, the parent company of Citizens Busines Bank, reported a slight drop in income for the fourth quarter of 2020 but a decline of almost 15% for the full year when compared to 2019. Citizens Business Bank is based in Ontario, California and has branches in Ventura and Santa Barbara counties. The bank Read More →

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