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Bank of the Sierra reports earnings growth for Q4 and full year of 2021

By   /  Monday, January 24th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Bank of the Sierra reports earnings growth for Q4 and full year of 2021

Bank of the Sierra, a Central Valley-based bank with nine branches in the tri-county region, reported record earnings for 2021, with net income up more than 20% from the previous year. Sierra Bancorp is the parent company of Bank of the Sierra and is headquartered in Porterville, in Tulare County. It reported net income of Read More →

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Community Bank of Santa Maria reports income, asset growth

By   /  Monday, January 17th, 2022  /  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 income, asset growth

Community Bancorp of Santa Maria saw its net loans decline in the fourth quarter of last year, but reported increases in net income and total assets, reflecting what the bank called “significant growth” in 2021. The bank’s net income increased nearly 30%, from $2.209 million in the fourth quarter of 2020 to $2.85 million in Read More →

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People’s Self-Help Housing secures $50K Bank of America grant

By   /  Thursday, December 2nd, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Nonprofits, Tri-County Economy  /  Comments Off on People’s Self-Help Housing secures $50K Bank of America grant

People’s Self-Help Housing, the longest-serving affordable housing nonprofit on the Central Coast, has received a $50,000 grant from Bank of America to scale its programs. The grant, announced by People’s Self-Help on Dec. 1, is part of Bank of America’s 2021 Neighborhood Champion program. Women’s Economic Ventures, a Santa Barbara-based nonprofit, received one of the Read More →

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Bank of the Sierra gives $1M to Housing Trust Fund Ventura County

By   /  Tuesday, November 30th, 2021  /  Banking & Finance, Banking Industry, East Ventura County, Latest news, middle, Nonprofits, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Bank of the Sierra gives $1M to Housing Trust Fund Ventura County

The Housing Trust Fund Ventura County announced a $1 million contribution from Bank of the Sierra on Nov. 30, to fund the nonprofit’s loans to developers who build affordable housing in Ventura County. The award is designated for the organization’s Everyone Deserves a Home Revolving Loan Fund. The community impact note will be pooled with Read More →

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Montecito Bank & Trust gives out $1.2M in annual Community Dividends

By   /  Tuesday, November 23rd, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, Nonprofits, right, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Montecito Bank & Trust gives out $1.2M in annual Community Dividends

In recognition of community enrichment through compassion, 179 Central Coast nonprofits received a boost from Montecito Bank & Trust after persevering through 20 months of pandemic-related changes. The bank awarded those nonprofits from Santa Barbara and Ventura counties with a total of $1.2 million at its 19th annual Community Dividends program on Nov. 22. The Read More →

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WEV wins $50K Bank of America grant for equity programs

By   /  Thursday, November 18th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Nonprofits, South Coast, Tri-County Economy, West Ventura County, Women Inc.  /  Comments Off on WEV wins $50K Bank of America grant for equity programs

Women’s Economic Ventures received $50,000 in grant funding from Bank of America’s philanthropic program to help underrepresented entrepreneurs on the Central Coast. The grant, announced by the Santa Barbara-based nonprofit on Nov. 17, will be used to advance a micro-grant and entrepreneurial training pilot program it launched recently in partnership with an Oxnard-based nonprofit supporting Read More →

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PennyMac Financial reports profit while investment trust records loss in Q3

By   /  Friday, November 5th, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac Financial reports profit while investment trust records loss in Q3

Westlake Village-based PennyMac Financial Services saw its net income drop in the third quarter compared to the year before, but officials reported “exceptional financial performance” in other areas in earnings released Nov. 4. The mortgage lender and loan servicer reported net income of $249.3 million in the third quarter, or $3.80 per share on a Read More →

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