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Region sidesteps brunt of SVB impact
Not so fast. The confidence that was returning to the banking sector eroded a bit on March 15 after Credit Suisse announced it was facing its own financial troubles, but after the Swiss government announced it would be ready to step in “if necessary” those fear abated somewhat. Six days after the collapse of Santa Read More →
Citizens Business Bank hits new highs in 2022
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 →
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 →
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 →
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 →
