CVB Financial and its subsidiary, Citizens Business Bank, saw net income rise for the quarter ended Sept. 30, it announced on Oct. 19. In a news release, the bank reported a net income of $29.7 million or 27 cents per share, an increase from $28.4 million for the second quarter of 2017 and $25.4 million Read More →
American Riviera Bank has completed the purchase of a building in Paso Robles that will house its newest branch, the bank announced on Oct. 3. Located at 1601 Spring St., the branch is set to open in early 2018 and will be the first full-service branch of American Riviera Bank in San Luis Obispo County. Read More →
Story updated at 10:20 a.m. Oct. 5: The holding company for Pacific Premier Bank, Pacific Premier Bancorp, has been ranked 21st on Fortune magazine’s Fastest Growing Companies for 2017. The magazine ranks publicly traded companies based on a formula that considers revenue growth rate, earnings per share growth rate and three-year annualized total return for Read More →
The Bank of the Sierra took the final step toward closing its acquisition of the parent company of Ojai Community Bank on Sept. 22, with the announcement that OCB Bancorp shareholders had voted to approve the deal. The announcement was made a day after the OCB Bancorp shareholder vote. Ojai Community Bank will close on Read More →
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By Mike Feldman Over the next few decades, an estimated $30 trillion is expected to pass from baby boomers to their heirs in the biggest wealth transfer in history. Unfortunately, most family wealth is earned and lost within three generations. Engaging the younger generations in philanthropic efforts is one way to prepare them for future Read More →