George Leis leads CalPrivate’s expansion into region
Central Coast residents have a new banking option as CalPrivate Bank opens a new branch in Montecito led by veteran banker George Leis. Leis, who will serve as the executive vice president and market president, has a long career in Santa Barbara County, most recently serving as the president and COO of Montecito Bank & Read More →
Energy Vault faces delisting from the NYSE
Westlake Village-based Energy Vault, a global energy storage company, received a notice from the New York Stock Exchange on April 16 that the company is not in compliance with NYSE’s continued listing standards. This is because the average closing price of Energy Vault’s common stock was less than $1 over a consecutive 30-trading-day period. Shares Read More →
Community Bank of Santa Maria sees net income fall in Q1
By Uma Mazar The Community Bancorp of Santa Maria, the parent company of Community Bank of Santa Maria, announced its earnings for the first quarter of 2025 on April 10 after the markets closed. The bank announced that net income for the first quarter, which ended March 31, was $810,787, which is a decrease from Read More →
San Diego credit unions announce plans to merge
Another financial institution merger is officially in the works as California Coast Credit Union and San Diego County Credit Union announced plans to merge on April 11. There will be no immediate change for members as both organizations will operate independently until the legal date of the merger. The expected legal date of the merger is Read More →
Central Coast stocks see bump after tariff pause
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National, Central Coast home prices staying high
WASHINGTON, D.C – Don’t expect relief from sky high home prices on the Central Coast – or across the nation. That was one message delivered by Federal Reserve Chair Jerome Powell who spoke to a conference of business journalists on April 4. Powell said the Fed was taking a “wait and see” approach to the Read More →
