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Goleta’s Community West Bancshares settles with Residential Funding Company

By   /  Friday, June 12th, 2015  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Goleta’s Community West Bancshares settles with Residential Funding Company

Goleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →

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Regional banks pluck talent to grow

By   /  Friday, April 24th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Regional banks pluck talent to grow

The shifting financial industry landscape has set the stage for increased competition among regional banks trying to snap up local talent and a slice of the mid-size company market. However, some industry experts think the newly consolidated landscape and shrinking number of small banks could close the door on many entrepreneurs and smaller businesses. “For Read More →

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CNB heats up banking wars

By   /  Thursday, February 19th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on CNB heats up banking wars

City National Bank has become the newest entrant in the competitive Santa Barbara banking market.

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Heritage Oaks Q4 profits jump 24%

By   /  Tuesday, February 3rd, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories  /  Comments Off on Heritage Oaks Q4 profits jump 24%

The increase was primarily due to the inclusion of Mission Community Bancorp’s operating results, which boosted pre-tax net income in the company’s fourth quarter financials.

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Dubroff: City National CEO describes strategy behind $5.4B RBC deal

By   /  Friday, January 30th, 2015  /  Banking & Finance, Banking Industry, Columns, Latest news, Opinion, Top Stories  /  Comments Off on Dubroff: City National CEO describes strategy behind $5.4B RBC deal

Overlooked in some media reports is the fact that with the former Dain Rauscher brokerage firm as part of its existing U.S. footprint, RBC has a strong presence, particularly in the West and Midwest.

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Heritage Oaks accord strengthens BSA controls

By   /  Friday, January 9th, 2015  /  Banking & Finance, Banking Industry, Latest news, Law, Top Stories, Tri-County Public Companies  /  Comments Off on Heritage Oaks accord strengthens BSA controls

The region’s largest community bank signed an agreement with the Federal Deposit Insurance Corp. that was made public at yearend. President and CEO Simone Lagomarsino told the Business Times the accord means the bank will “beef up” its programs and policies to prevent problems down the road.

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Santa Barbara stock promoter charged with fraud

By   /  Friday, January 2nd, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Santa Barbara stock promoter charged with fraud

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.

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