January 28, 2023
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Montecito Bank & Trust
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Citizens Business Bank hits new highs in 2022

By   /  Wednesday, January 25th, 2023  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  No Comments

CVB Financial Corp., the parent company of Citizens Business Bank, reported a net income of $66.2 million for the quarter ending Dec. 31, representing a 38% increase from $47.7 million in the same quarter in 2021. Diluted earnings per share hit 47 cents in the fourth quarter, compared to 35 cents for the same period Read More →

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American Riviera finds its niche

By   /  Friday, December 9th, 2022  /  Banking Industry, Personal Finance  /  Comments Off on American Riviera finds its niche

By Madeleine Benn Staff Writer American Riviera Bank has begun offering products and services aimed at attracting accounts smaller than those typically targeted by wealth management offices. The products and services include accounts for first time savers and checking customers, aid to small businesses in qualifying for loans and assistance to first time home buyers. Read More →

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Montecito Bank & Trust opens in Santa Maria

By   /  Thursday, December 1st, 2022  /  Banking Industry  /  Comments Off on Montecito Bank & Trust opens in Santa Maria

By Madeleine Benn Staff Writer Montecito Bank & Trust is expanding into the Santa Maria Valley, as the largest bank based on the Central Coast opens its 15th branch.  After having received FDIC approval, the bank is set to have a soft launch in December and a grand opening in January.  “We have been planning Read More →

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Pacific Premier reports lower loan production, smaller assets than a year ago

By   /  Thursday, October 20th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Premier reports lower loan production, smaller assets than a year ago

Pacific Premier Bancorp saw its net income and assets take a sharp dip in its most recent quarter, the company announced Oct. 20. The Irvine-based bank, which has nine branches in Santa Barbara and San Luis Obispo counties, reported net income of $73 million, or 77 cents per share. For the same quarter in 2021, Read More →

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Pacific Western Bank reports income dip

By   /  Thursday, October 20th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Western Bank reports income dip

Los Angeles-based PacWest Bancorp — the parent company of Pacific Western Bank, a bank with 13 branches in the tri-county region — announced a drop in net earnings from last year with net income of $122.2 million, or $1.02 per diluted share, for the third quarter of 2022. In the same quarter last year, the Read More →

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Citizens Business Bank reports earnings growth

By   /  Thursday, October 20th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Citizens Business Bank reports earnings growth

CVB Financial Corp., the parent company of Citizens Business Bank, reported net income of $64.6 million for the third quarter ended June 30, an increase from $49.7 million in the same quarter a year ago. Diluted earnings per share were 46 cents for the third quarter of 2022, compared to 37 cents for the same Read More →

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Merger of U.S. Bank and Union Bank gets final U.S. approval

By   /  Monday, October 17th, 2022  /  Banking & Finance, Banking Industry, Latest news, left, Top Stories  /  Comments Off on Merger of U.S. Bank and Union Bank gets final U.S. approval

U.S. Bank’s $8 billion acquisition of Union Bank has the green light from U.S. regulators, a big step forward for a deal that could make U.S. Bank one of the biggest retail banking companies in the tri-county region. The deal received its final U.S. regulatory approvals on Oct. 14, more than a year after it Read More →