Finbriefs: American Riviera Bank, LTC, PennyMac earnings
American Riviera Bank reports lower net income in Q3 Santa Barbara-based American Riviera Bank reported a net income of $2.6 million in the third quarter of 2023, down from $3 million in the same quarter a year ago, the organization reported on Oct. 26. So far through the year, net income is also down as Read More →
Amgen beats Q3 expectations, discusses Horizon purchase
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Fresh trim: Olaplex CEO steps down amid brand, stock struggles
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Teledyne announces third quarter results, C-Suite changes
It was another quarter of growth for Thousand Oaks-based Teledyne, with sales and earnings both increasing — but the biggest news announced by the technology and defense conglomerate was actually a change in the C-Suite. Robert Mehrabian, the longtime Teledyne executive, will be stepping down from his post as CEO on Jan. 1 and moving into Read More →
Community Bank of Santa Maria reports higher net income
The Community Bancorp of Santa Maria, the parent company of Community Bank of Santa Maria, announced its earnings for the third quarter of 2023 on Oct. 16 after the markets closed. The bank announced net income worth $2.9 million for the quarter ended Sept. 30, up 22% from the $2.4 million during the same period Read More →
Community West Bank agrees to $100M merger
Goleta-based Community West Bank is expanding its operations after the organization announced it would be merging with Central Valley Community Bank with the signing of an all-stock merger agreement on Oct. 10. The deal, which is expected to close in the second quarter of 2024, is valued at $99.4 million based on Central Valley Community Read More →
Teledyne’s growth through acquisition strategy meets the test
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