August 13, 2022
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Latest

Pacific Premier Bank back in black in Q2

By   /  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 →

Latest

Amgen to buy biotech startup TeneoBio

By   /  Tuesday, July 27th, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, left, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen to buy biotech startup TeneoBio

Amgen announced July 27 that it plans to buy a privately held Bay Area biotech company called TeneoBio in an all-cash deal worth as much as $2.5 billion. The deal is expected to close in the second half of this year and calls for Amgen to pay $900 million up front for all outstanding shares Read More →

Latest

Deal for new Santa Paula Hospital land ‘a long time in the making’

By   /  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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Latest

Earnings and loans up at Citizens Business Bank

By   /  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 →

Latest

American Riviera Bank reports strong second quarter

By   /  Friday, July 23rd, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on American Riviera Bank reports strong second quarter

American Riviera Bank more than doubled its net income from the second quarter of 2020 to the same quarter of 2021, buoyed by Paycheck Protection Program fee income. The Santa Barbara-based bank reported $3.57 million in net income in the most recent quarter, or 70 cents per share, compared to $1.57 million, or 31 cents Read More →

Latest

Pacific Western Bank earnings more than quintuple in Q2

By   /  Tuesday, July 20th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Western Bank earnings more than quintuple in Q2

PacWest Bancorp’s net income shot up more than 440% year-over-year as it saw strong loan growth and core deposit growth. The Los Angeles-based parent company of Pacific Western Bank, which has 15 branches in the tri-county region, recorded net earnings of $180.5 million, or $1.52 per diluted share, in the second quarter of 2021. In Read More →

Latest

Bank of the Sierra reports record earnings

By   /  Tuesday, July 20th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, East Ventura County, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Bank of the Sierra reports record earnings

Sierra Bancorp reported record earnings boosted by lower loan and lease losses and improvements to the overall economy, the bank announced July 19. The parent company of Bank of the Sierra said it had $11.7 million in net income for the quarter ended June 30, or 76 cents per diluted share, compared to $8.3 million Read More →