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Montecito Bank & Trust
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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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Latest

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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Latest

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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San Francisco Federal Reserve Bank CEO says he’s bullish on U.S. economy at Santa Barbara event

By   /  Friday, January 8th, 2016  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on San Francisco Federal Reserve Bank CEO says he’s bullish on U.S. economy at Santa Barbara event

John Williams, president and CEO of the Federal Reserve Bank of San Francisco, speaks during a California Bankers Association event at the Four Seasons Biltmore in Santa Barbara on Jan. 8. (Alex Kacik)

  All in all, things are looking good for the U.S. economy, Federal Reserve Bank of San Francisco President and CEO John Williams said in Santa Barbara the morning of Jan. 8. Despite China’s market uncertainty and the global volatility, Williams doesn’t expect that to have a major impact on the U.S. economy. He pointed Read More →

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Coast National sale speeds up merger surge

By   /  Friday, January 8th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Coast National sale speeds up merger surge

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.

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