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Montecito Bank & Trust
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Goleta-based Community West Bancshares reports loss

By   /  Friday, August 21st, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Community West Bancshares reports loss

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong Read More →

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Heritage Oaks Bank CFO Lonny Robinson resigns

By   /  Thursday, August 20th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank CFO Lonny Robinson resigns

Heritage Oaks Bank Executive Vice President and Chief Financial Officer Lonny Robinson has resigned, holding company Heritage Oaks Bancorp announced Aug. 19. The Paso Robles-based bank hired Robinson in March 2014 to help with the Mission Community Bank merger and groom his successor, Jason Castle, Heritage Oaks Bank CEO and President Simone Lagomarsino said. Robinson Read More →

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Rabobank wants to be tops in ag, small biz lending

By   /  Friday, July 31st, 2015  /  Agribusiness, Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Rabobank wants to be tops in ag, small biz lending

  After a series of branch consolidations and a strategic rethinking, Rabobank will focus its California lending on business banking, agribusiness and renewables in its core markets in the Central Valley and on the Central Coast. The Netherlands-based banking giant has set a goal to be the global leader in food and agriculture lending as Read More →

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Latest

Banks bet that merger will bolster stock price

By   /  Friday, July 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Banks bet that merger will bolster stock price

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Latest

Montecito Bank & Trust net income jumped 44 percent over prior year

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year

Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →

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Latest

American Riviera Bank, The Bank of Santa Barbara plan to merge

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on American Riviera Bank, The Bank of Santa Barbara plan to merge

The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →

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James W. Lokey appointed to board of Community West Bancshares

By   /  Monday, June 29th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Economy  /  Comments Off on James W. Lokey appointed to board of Community West Bancshares

Veteran community banker James W. Lokey has been appointed to the board of Community West Bancshares, bringing a veteran dealmaker into the Community West ranks and strengthening the Goleta-based bank’s push into San Luis Obispo County. Lokey, a resident of SLO County, was the longtime CEO of Mid-State Bank & Trust and negotiated that bank’s Read More →

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