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Montecito Bank & Trust
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Community West Bancshares income down for fourth quarter but up for 2016

By   /  Friday, January 27th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community West Bancshares income down for fourth quarter but up for 2016

Community West Bancshares, parent company of Goleta-based Community West Bank, reported net income of $1.3 million in the fourth quarter of 2016, or 16 cents per diluted share, down from $1.9 million in the fourth quarter last year. While net income was down for the quarter, it reached $5.2 million in 2016, up from $2.9 Read More →

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CoastHills Credit Union building headquarters in Santa Maria

By   /  Friday, January 27th, 2017  /  Banking & Finance, Banking Industry, middle  /  Comments Off on CoastHills Credit Union building headquarters in Santa Maria

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Montecito Bank & Trust reports income drop but strong loan and deposit growth

By   /  Wednesday, January 25th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust reports income drop but strong loan and deposit growth

Santa Barbara-based Montecito Bank & Trust reported an 8.5 percent drop in net income in 2016 to $14.6 million but saw strong loan and deposit growth. The decrease in net income was due to loan loss reversals in 2015 that were not repeated in 2016. The bank reported loan growth of 22 percent year over Read More →

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Pacific Premier Bancorp’s net income climbs

By   /  Tuesday, January 24th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Premier Bancorp’s net income climbs

Pacific Premier Bancorp (PPBI), the holding company of Pacific Premier Bank, reported fourth quarter net income of $12 million, or 43 cents per diluted share, including $772,000 of merger-related expenses related to its pending acquisition of Heritage Oaks Bancorp. Net income was up from $8.1 million, or 37 cents per diluted share, in the fourth Read More →

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Community West Bank opens new Santa Maria Branch

By   /  Thursday, January 19th, 2017  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Community West Bank opens new Santa Maria Branch

Community West Bancshares, parent company of Community West Bank, announced the opening of its full-service Santa Maria branch at 122 Betteravia Road on Jan. 17, replacing its 2615 S. Miller St. location. The move continues its Central Coast expansion after the bank opened its first full-service San Luis Obispo branch at 4464 Broad St. in Read More →

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Rate hikes will be boon for tri-county banks in 2017

By   /  Friday, January 6th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Rate hikes will be boon for tri-county banks in 2017

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Pacific Premier buys Heritage Oaks

By   /  Friday, December 16th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Premier buys Heritage Oaks

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