February 25, 2024
Loading...
You are here:  Home  >  Banking & Finance  >  Banking Industry  -  Page 73

Montecito Bank & Trust
Latest

Community West earned $819K in Q1

By   /  Monday, April 30th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Community West earned $819K in Q1

First-quarter profits at Community West Bancshares were up 38 percent to $819,000, the Goleta-based banking company said April 30. The parent of Community West Bank is under regulatory orders from the Federal Reserve Bank of San Francisco and Office of the Comptroller of the Currency that limit its ability to pay out dividends, sell stock Read More →

Latest

PCBC earns $16.6M in Q1

By   /  Wednesday, April 25th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PCBC earns $16.6M in Q1

Pacific Capital Bancorp turned in profits of $16.6 million in the first quarter of the year, down slightly from the same period a year earlier. The parent of Santa Barbara Bank & Trust said its latest earnings were affected by $1 million in merger-related costs. UnionBanCal Corp., the parent of Union Bank, is acquiring Pacific Read More →

Latest

Regulators scrutinize Community West

By   /  Tuesday, April 24th, 2012  /  Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Regulators scrutinize Community West

Community West Bancshares faces a new order from regulators that limits its ability to pay out dividends, sell stock or incur new debts without the prior approval of the federal banking overseers. The parent of Community West Bank also agreed with the Federal Reserve Bank of San Francisco on April 23 that the Goleta firm Read More →

Latest

Heritage Oaks regulatory order removed

By   /  Monday, April 23rd, 2012  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks regulatory order removed

Paso Robles-based Heritage Oaks Bancorp has bucked a regulatory consent order placed on it two years ago. The news came on April 23, as the firm reported that it earned $1.6 million in the first quarter, a 204 percent increase over the same quarter a year earlier. The parent company of Heritage Oaks Bank and Read More →

Latest

Umpqua moves in with $44.7M bank buy

By   /  Friday, April 13th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Umpqua moves in with $44.7M bank buy

American Perspective Bank, a San Luis Obispo County lender founded five years ago, is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. If the deal gains the approval of banking regulators and American Perspective shareholders, Umpqua will pay $10 per share in cash for the San Luis Obispo-based bank, a 12.4 percent premium Read More →

Latest

Founders earnings jump in Q1

By   /  Wednesday, April 11th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Founders earnings jump in Q1

San Luis Obispo-based Founders Community Bank earned $189,000 in the first quarter, up 220 percent from the $86,000 it earned in the first quarter a year earlier. The bank also announced plans to open a new Morro Bay branch. Loans and deposits were up during the quarter, with noninterest-bearing deposits climbing by $7 billion, CEO Read More →

Latest

Umpqua to buy American Perspective Bank for $44.7M

By   /  Tuesday, April 10th, 2012  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies  /  Comments Off on Umpqua to buy American Perspective Bank for $44.7M

San Luis Obispo-based American Perspective Bank is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. Under the deal, announced April 10, Umpqua will pay $10 per share in cash for American Perspective. The San Luis Obispo bank’s three Central Coast branches will be rebranded as Umpqua Bank. The acquisition has been approved by Read More →