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Montecito Bank & Trust
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Community West Bank hires 2 executives

By   /  Monday, February 1st, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Community West Bank hires 2 executives

Goleta-based Community West Bank has hired two new executives as the bank expands into San Luis Obispo County and maps out future growth. The bank’s parent company, Community West Bancshares, announced on Feb. 1 that it hired Brian Schwabecher as its senior vice president and regional market manager and Elizabeth Crandall as the vice president Read More →

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American Riviera Bank reports income drop due to merger with Bank of Santa Barbara

By   /  Friday, January 29th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on American Riviera Bank reports income drop due to merger with Bank of Santa Barbara

American Riviera Bank reported a 17 percent decrease in unaudited net income in 2015 as the institution prepared for its merger with The Bank of Santa Barbara. American Riviera acquired The Bank of Santa Barbara in an all-stock deal valued close to $18 million, creating a “force to be reckoned with,” said Joanne Funari, the Read More →

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County Commerce Bank shareholders OK merger with Citizens Business Bank

By   /  Friday, January 29th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on County Commerce Bank shareholders OK merger with Citizens Business Bank

County Commerce Bank shareholders approved its proposed merger with Citizens Business Bank, which is expected to close on Feb. 29. “Citizens Business Bank’s philosophy and business model is very similar to ours and is the perfect fit for County Commerce Bank, and most importantly, our customers and employees. We are excited to be partnering with Read More →

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Montecito Bank & Trust profits up 21 percent in 2015

By   /  Tuesday, January 26th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Montecito Bank & Trust profits up 21 percent in 2015

Santa Barbara-based Montecito Bank & Trust reported net income of $15.9 million for 2015, up from $13.1 million in 2014. Total gross loans grew 17 percent year-over-year, totaling $711 million on Dec. 31. Total assets were up $53 million in 2015 to $1.2 billion. Total deposits increased 4.5 percent to $1.1 billion, up $48 million. Read More →

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Community West Bancshares fourth-quarter income down from previous year

By   /  Tuesday, January 26th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community West Bancshares fourth-quarter income down from previous year

Community West Bancshares, parent company of Community West Bank headquartered in Goleta, reported a net income of $1.9 million for the fourth quarter of 2015, down from $2.2 million the previous year. For the full year, Community West reported net income of $2.9 million, down from $7 million in 2014. Excluding the $7.1 million net Read More →

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VC Credit Union maps expansion

By   /  Friday, January 22nd, 2016  /  Banking & Finance, Banking Industry, Latest news, West Ventura County  /  Comments Off on VC Credit Union maps expansion

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Citizens Business Bank fourth quarter earnings up over last year’s

By   /  Thursday, January 21st, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Citizens Business Bank fourth quarter earnings up over last year’s

Ontario-based Citizens Business Bank reported $28.6 million in net earnings for the fourth quarter of 2015, or 27 cents a share. That was up $3 million from the fourth quarter of 2014. For the year, net earnings were $99.1 million, or 93 cents per share. That was down $4.9 million, or 4.69 percent, from the Read More →

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