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Montecito Bank & Trust

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Our view: Santa Barbara investment policy a costly maneuver

By   /  Friday, September 22nd, 2017  /  Banking Industry, Editorials, Latest news, Opinion  /  Comments Off on Our view: Santa Barbara investment policy a costly maneuver

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Dentists in Tri-Counties sinking their teeth into bank loans

By   /  Friday, September 22nd, 2017  /  Banking Industry, Health Care, Latest news  /  Comments Off on Dentists in Tri-Counties sinking their teeth into bank loans

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Involve your children in philanthropy

By   /  Friday, September 8th, 2017  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Personal Finance  /  Comments Off on Involve your children in philanthropy

By Mike Feldman Over the next few decades, an estimated $30 trillion is expected to pass from baby boomers to their heirs in the biggest wealth transfer in history. Unfortunately, most family wealth is earned and lost within three generations. Engaging the younger generations in philanthropic efforts is one way to prepare them for future Read More →

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Montecito Bank & Trust reports growth in deposits, loans and net income

By   /  Friday, August 4th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports growth in deposits, loans and net income

Montecito Bank & Trust grew its assets 5.7 percent over the last 12 months and reported net income of $8.1 million for the first six months of 2017, up 12.5 percent from the prior year. In the earnings release Aug. 4, the Santa Barbara company said a 20.5 percent increase in loan growth year-over-year and Read More →

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Net income up 15 percent at Community West Bancshares

By   /  Friday, July 28th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on Net income up 15 percent at Community West Bancshares

Net income for Community West Bancshares increased nearly 15 percent for the second quarter ended June 30 to $1.6 million, or 18 cents per diluted share. Loans increased to $684.8 million, versus $564.8 million a year ago, and total assets grew 22.2 percent year-over-year to $785 million. Net interest margin dropped slightly, from 4.45 percent Read More →

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American Riviera Bank expanding to San Luis Obispo County

By   /  Tuesday, July 11th, 2017  /  Banking & Finance, Banking Industry, Central Coast  /  Comments Off on American Riviera Bank expanding to San Luis Obispo County

American Riviera Bank is making a jump into the San Luis Obispo County market, opening a loan production office in Paso Robles with additional branches planned to fill in the territory north of its Santa Barbara base. The office will open next month at 205 Oak Hill Road in The Highlands Shopping Center. It will Read More →

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Bank mergers leaving downtown spaces vacant

By   /  Friday, June 2nd, 2017  /  Banking Industry, Columns, Latest news, Real Estate, Small Business  /  Comments Off on Bank mergers leaving downtown spaces vacant

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