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Montecito Bank & Trust
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SESLOC opening branch in Santa Maria

By   /  Friday, December 18th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on SESLOC opening branch in Santa Maria

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City National bank CEO heralds Fed decision to raise rates

By   /  Thursday, December 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on City National bank CEO heralds Fed decision to raise rates

The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →

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Latest

Philanthropy means giving time as well as money

By   /  Friday, November 27th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Philanthropy means giving time as well as money

A common thread at two recent philanthropic events in the Tri-Counties was the idea that individuals should get involved personally rather than simply donating money. On Nov. 19, the Association of Fundraising Professionals celebrated community members in Santa Barbara and Ventura counties who have been active in volunteering or organizing support for community institutions. On Read More →

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Latest

OCB Bancorp reports strong third quarter

By   /  Wednesday, November 25th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on OCB Bancorp reports strong third quarter

The parent company of Ojai Community Bank has increased its net income 52 percent year to date for the nine months ending Sept. 30, according to OCB Bancorp’s third-quarter report. OCB Bancorp, also the parent company of Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, increased its total loans by $48 Read More →

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Heritage Oaks Bancorp increases third quarter earnings

By   /  Thursday, October 29th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Heritage Oaks Bancorp increases third quarter earnings

Paso Robles-based Heritage Oaks Bancorp reported $4 million in net income, or 12 cents per share, for the third quarter of 2015. That was up from $3.4 million, or 10 cents per share, recorded in the third quarter of last year. Loans grew 4.8 percent, or $55.2 million, to $1.21 billion in the third quarter Read More →

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Latest

Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

By   /  Wednesday, October 28th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

  American Riviera Bank and The Bank of Santa Barbara shareholders approved the banks’ proposed merger, the institutions announced on Oct. 27. The merger is expected to close by January 2016, pending final regulatory approval. The combined companies, which will go by American Riviera Bank, will have branches in downtown Santa Barbara, Montecito and Goleta Read More →

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Latest

First Mortgage Corp. closing Ventura branch

By   /  Monday, October 26th, 2015  /  Banking Industry, Latest news  /  Comments Off on First Mortgage Corp. closing Ventura branch

Ontario-based loan provider First Mortgage Corp. is closing its doors, including a branch in Ventura, the company announced on Oct. 26. First Mortgage stopped giving out loans in July, according to the news release. It is in the process of selling off or liquidating its loan and servicing portfolios and its loan origination offices. Its Read More →

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