PennyMac lays off workers as mortgage boom fades
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Opinion: The Central Coast and the world keep moving into the digital future
By Greg Bland As the effects of the coronavirus continue to reshape the Central Coast and the rest of our world, 2022 will see several factors accelerating the shift to a more digital, hybrid future. In the year ahead, there will be a continued focus on digital transformation as the driving force creating value for Read More →
Banks closed thousands of branches in 2021 and tri-county banks were no exception
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Montecito Bank and Trust assets grew 20% in 2021
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American Riviera Bank reports growth in income, loans, assets
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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 →
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 →
