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Montecito Bank & Trust
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American Riviera Bank merges with The Bank of Santa Barbara

By   /  Monday, January 4th, 2016  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank merges with The Bank of Santa Barbara

American Riviera Bank completed its previously announced merger with The Bank of Santa Barbara. The merger, first announced on July 15, was approved by shareholders of American Riviera Bank and The Bank of Santa Barbara and received required regulatory approvals. American Riviera Bank had $227 million in assets and The Bank of Santa Barbara had Read More →

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More bank mergers on tap for 2016

By   /  Friday, January 1st, 2016  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on More bank mergers on tap for 2016

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Community West Bank expanding into San Luis Obispo

By   /  Wednesday, December 30th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories  /  Comments Off on Community West Bank expanding into San Luis Obispo

Goleta-based Community West Bank plans to open a new branch in San Luis Obispo. Community West, which is owned by Community West Bancshares, looks to debut a full-service branch at 4464 Broad Street — its first in San Luis Obispo County. Its sixth tri-county location, pending approval from federal regulators, would open in the third Read More →

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Calavo Growers’ fourth quarter earnings fall short

By   /  Tuesday, December 29th, 2015  /  Agribusiness, Earnings, Latest news, Top Stories, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo Growers’ fourth quarter earnings fall short

Santa Paula-based Calavo Growers missed analyst projections on its fourth-quarter earnings. Calavo Growers, which is known for its avocado production, reported on Dec. 29 a profit of 28 cents per share, missing Wall Street’s projection of 46 cents per share. Calavo Growers stock ended the day at $49.51 per share, down $1.14. The company posted Read More →

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SESLOC opening branch in Santa Maria

By   /  Friday, December 18th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on SESLOC opening branch in Santa Maria

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Sientra faces disclosure lawsuits

By   /  Friday, December 18th, 2015  /  Health Care & Life Science, Latest news, Law & Goverment, left, Top Stories, Tri-County Public Companies  /  Comments Off on Sientra faces disclosure lawsuits

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City National bank CEO heralds Fed decision to raise rates

By   /  Thursday, December 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on City National bank CEO heralds Fed decision to raise rates

The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →