February 23, 2024
Loading...
You are here:  Home  >  Banking & Finance  >  Banking Industry  -  Page 19

Montecito Bank & Trust
Latest

Community Bank of Santa Maria CEO picked for Fed advisory board

By   /  Wednesday, January 27th, 2021  /  Banking & Finance, Banking Industry, Latest news, Women Inc.  /  Comments Off on Community Bank of Santa Maria CEO picked for Fed advisory board

Janet Silveria, the president and CEO of Community Bank of Santa Maria, has been selected as a member of the Federal Reserve’s Community Depository Institutions Advisory Council. The 12-member council was established by the Federal Reserve’s Board of Governors in 2010 to give the board input on the economy, lending conditions and other issues that Read More →

Latest

Pacific Premier sees bump in income, assets in fourth quarter

By   /  Tuesday, January 26th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Pacific Premier sees bump in income, assets in fourth quarter

Pacific Premier Bancorp’s net income rose in 2020 on the back of strong overall performance, causing the company to approve a new $150 million share repurchase program, the bank announced Jan. 26. The bank’s net income increased more than 63% from the previous year, going from $41.1 million in the fourth quarter of 2019 to Read More →

Latest

Bank of the Sierra reports higher loan volume but income drop

By   /  Tuesday, January 26th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Bank of the Sierra reports higher loan volume but income drop

Sierra Bancorp announced a slightly-lower net income when it released its fourth quarter 2020 earnings amid high deposit growth and record growth in loans and leases. The parent of Bank of the Sierra, which is based in Porterville but has 11 branches in the Tri-Counties, announced a fourth quarter net income of $9 million, or Read More →

Latest

Community Bancorp of Santa Maria reports rising revenue and expenses

By   /  Wednesday, January 20th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community Bancorp of Santa Maria reports rising revenue and expenses

Community Bancorp of Santa Maria saw another quarter of continued growth, buoyed by federal Paycheck Protection Program loans, even as net income fell. The bank’s total income rose 4.3%, but net income fell by more than 19%, going from $2.7 million in December 2019 to $2.2 million in the same month of 2020. Net loans Read More →

Latest

Next round of PPP loans rolling out to region’s banks

By   /  Thursday, January 14th, 2021  /  Banking & Finance, Banking Industry, Latest news, Small Business  /  Comments Off on Next round of PPP loans rolling out to region’s banks

More than 1 million Paycheck Protection Program borrowers have already had their loans forgiven, to the sum of more than $100 billion, and the window to borrow more opens again soon. On Jan. 15, the U.S. Small Business Administration is reopening the PPP portal to financial institutions with less than $1 billion in assets. For Read More →

Latest

Second round of PPP loans headed to Tri-Counties

By   /  Monday, January 11th, 2021  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Second round of PPP loans headed to Tri-Counties

Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →

Latest

Region’s bankers see a bumpy road to recovery in 2021

By   /  Thursday, December 31st, 2020  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Subscriber content, Tri-County Economy, West Ventura County  /  Comments Off on Region’s bankers see a bumpy road to recovery in 2021

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.