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 →
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 →
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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 →
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 →
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 →
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 →