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Jordano retires from MB&T board of directors

By   /  Friday, May 15th, 2020  /  Banking & Finance, Banking Industry, Latest news, Small Business, South Coast  /  Comments Off on Jordano retires from MB&T board of directors

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First quarter income flat but MB&T loans, deposits grow

By   /  Monday, May 4th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on First quarter income flat but MB&T loans, deposits grow

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Garufis: Bankers busy with second round of PPP

By   /  Friday, May 1st, 2020  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion, Small Business  /  Comments Off on Garufis: Bankers busy with second round of PPP

By Janet Garufis It’s after 8 p.m. on April 27, the day the second tranche of PPP funding was made available by the Small Business Administration, and I’ve just completed our PPP update call with the dedicated group of Montecito Bank & Trust professionals who are responsible for making PPP a reality for hundreds of Read More →

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Latest

PPP problems persist as tri-county banks try to make more loans

By   /  Friday, May 1st, 2020  /  Banking & Finance, Banking Industry, Latest news, Law, Small Business  /  Comments Off on PPP problems persist as tri-county banks try to make more loans

The Payroll Protection Program’s second round of funding started on April 27, but some of the issues from the first round are vexing Central Coast bankers and borrowers. Among technical problems, the Small Business Administration’s website has crashed, limiting the number of applications banks can process at one time. Additionally, financial regulations meant to guard Read More →

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Latest

American Riviera Bank reports first quarter results

By   /  Wednesday, April 29th, 2020  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on American Riviera Bank reports first quarter results

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Banks ramp up loans to tri-county small businesses

By   /  Friday, April 24th, 2020  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Banks ramp up loans to tri-county small businesses

It’s not too late for tri-county small businesses to get financial aid from the government to help offset COVID-19 losses. President Donald Trump signed a $484 billion relief package bill April 24 containing the awaited second wave of Payroll Protection Program funding. The program originally had $349 billion for small businesses but ran out of Read More →

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Community West Bank earnings up slightly

By   /  Friday, April 24th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on Community West Bank earnings up slightly

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