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Montecito Bank & Trust
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Tri-county independent banks down to Final Four

By   /  Friday, April 28th, 2017  /  Banking & Finance, Banking Industry, East Ventura County, Latest news, West Ventura County  /  Comments Off on Tri-county independent banks down to Final Four

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Bank of the Sierra acquiring Ojai Community Bank

By   /  Tuesday, April 25th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra acquiring Ojai Community Bank

Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →

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

By   /  Friday, April 21st, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast  /  Comments Off on Montecito Bank & Trust reports growth in assets, loans, deposits and income

Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →

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Banker, developer Towbes prioritized philanthropy

By   /  Friday, April 21st, 2017  /  Banking Industry, Central Coast, Real Estate, right, South Coast, West Ventura County  /  Comments Off on Banker, developer Towbes prioritized philanthropy

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American Riviera Bank reports strong growth

By   /  Thursday, April 20th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank reports strong growth

Santa Barbara-based American Riviera Bank showed strong growth for the first quarter of 2017, posting an unaudited net income of $956,000 or 22 cents per share. The rise represents a 426 percent increase from the $182,000 or 4 cents per share reported for the first quarter ended March 31, 2016. The growth is the latest Read More →

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Philanthropist, banker and developer Michael Towbes dies at 87

By   /  Thursday, April 13th, 2017  /  Banking Industry, Latest news, Nonprofits, Real Estate  /  Comments Off on Philanthropist, banker and developer Michael Towbes dies at 87

  Updated at 10 a.m. April 14: Michael Towbes, the tri-county region’s most prominent philanthropist, banker and real estate developer, whose influence spanned nearly six decades, died April 13. He was 87. “He passed away early this morning, surrounded by family, in peace,” said Towbes Group President Craig Zimmerman, in an email to the Business Read More →

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Simone Lagomarsino named president of California Bankers Association

By   /  Tuesday, April 11th, 2017  /  Banking & Finance, Banking Industry, Latest news, Women Inc.  /  Comments Off on Simone Lagomarsino named president of California Bankers Association

Simone Lagomarsino, former president and CEO of Heritage Oaks Bancorp, has been named president of the California Bankers Association. The association made the announcement April 11. She will replace Rod Brown, who plans to retire after a decade at the helm of the organization. Lagomarsino joined Heritage Oaks in September 2011, with more than 20 Read More →

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