Portfolio watch
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Financial Briefs: Caltrans gets $171M to widen Hwy 46 in SLO
The California Transportation Commission approved Caltrans’ allocation request for $171 million to reconfigure the Highway 46 East/State Route 41 “Wye” interchange from west of Davis Road to west of Antelope Road in San Luis Obispo County. The project will convert roughly 4-miles of the 2-lane conventional highway into a 4-lane expressway. Read More →
Portfolio Watch
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American Riviera finds its niche
By Madeleine Benn Staff Writer American Riviera Bank has begun offering products and services aimed at attracting accounts smaller than those typically targeted by wealth management offices. The products and services include accounts for first time savers and checking customers, aid to small businesses in qualifying for loans and assistance to first time home buyers. Read More →
Tri-county jumbo loan limits rise in 2023
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Montecito Bank & Trust opens in Santa Maria
By Madeleine Benn Staff Writer Montecito Bank & Trust is expanding into the Santa Maria Valley, as the largest bank based on the Central Coast opens its 15th branch. After having received FDIC approval, the bank is set to have a soft launch in December and a grand opening in January. “We have been planning Read More →
Portfolio Watch
When it comes to inflation, the bond market may be a more reliable forecaster than the stock market, writes Mechanics Bank Wealth Management, with current indicators suggesting the Federal Reserve rate hikes will peak at around 5%, versus 5.5% as earlier forecast. Among other things, “real time data on rents in the housing market indicate Read More →
