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By pacbiztimes / Thursday, July 29th, 2021 / Banking & Finance, Banking Industry, Latest news / Comments Off on Citizens Business Bank to acquire Suncrest Bank
CVB Financial Corp., the parent company of Citizens Business Bank, announced July 27 that it will be merging with and absorbing Suncrest Bank. The deal is worth about $204 million, or $16.18 per Suncrest share. Through the merger, Citizens’ total assets will increase to about $17 billion, based on the most recent publicly available information Read More →
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By Jorge Mercado / Thursday, July 29th, 2021 / Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Teledyne shares rise after first earnings report since Flir acquisition
Teledyne Technologies crushed analysts’ expectations July 28, delivering revenue in the second quarter of 2021 that doubled its total from the same quarter a year ago, thanks in large part to its acquisition of Flir systems, an Oregon based company with significant operations in Goleta. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, generated $1.12 Read More →
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By Staff Report / Tuesday, July 27th, 2021 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Pacific Premier Bank back in black in Q2
Pacific Premier Bancorp, the holding company of Pacific Premier Bank, recorded almost $100 million in net income in the second quarter, a year after losing a similar amount, according to a quarterly report released July 27. The Irvine-based bank has seven branches in San Luis Obispo County and two in Santa Barbara County. Its net Read More →
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By pacbiztimes / Friday, July 23rd, 2021 / Agribusiness, Banking & Finance, Health Care & Life Science, Latest news, middle, Real Estate, Subscriber content, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Deal for new Santa Paula Hospital land ‘a long time in the making’
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By Staff Report / Friday, July 23rd, 2021 / Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Economy / Comments Off on SLO County landfill secures private equity loan
CGL Holdings, the owner of Chicago Grade Landfill in San Luis Obispo County, has secured a $9.5 million term loan from Columbia Pacific Business Finance, a Seattle-based private equity fund. CGL Holdings will use the money to refinance existing debt on the municipal waste landfill and recycling center near Atascadero and distribute proceeds to its Read More →
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By pacbiztimes / Friday, July 23rd, 2021 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Earnings and loans up at Citizens Business Bank
CVB Financial Corp., the parent company of Citizens Business Bank, saw higher net income and loan growth, excluding Paycheck Protection Plan loans, in its second quarter. The Ontario-based bank, which has four branches in Ventura County and one in Santa Barbara, reported $51.2 million in net income for the quarter ended June 30, or 47 Read More →