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Bank mergers leaving downtown spaces vacant

By   /  Friday, June 2nd, 2017  /  Banking Industry, Columns, Latest news, Real Estate, Small Business  /  Comments Off on Bank mergers leaving downtown spaces vacant

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Merger pays off for American Riviera Bank

By   /  Thursday, October 27th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Merger pays off for American Riviera Bank

American Riviera Bank reported sharply higher profits and deposits for the third quarter as the benefits of its merger with the Bank of Santa Barbara late last year are becoming evident. American Riviera said Oct. 25 that net income was $1.4 million for the quarter ended Sept. 30 or 32 cents per share versus 5 Read More →

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American Riviera Bank’s second quarter net income up

By   /  Monday, July 25th, 2016  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank’s second quarter net income up

Santa Barbara-based American Riviera Bank reported net income of $1.425 million, or 33 cents per share, for the second quarter of 2016. That was up from $362,000, or 13 cents per share, over the same period last year. The bank finalized its merger with The Bank of Santa Barbara earlier this year. “We are very Read More →

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American Riviera Bank expands into former home of Bank of Santa Barbara

By   /  Monday, June 13th, 2016  /  Banking & Finance, Latest news, Real Estate  /  Comments Off on American Riviera Bank expands into former home of Bank of Santa Barbara

Santa Barbara-based American Riviera Bank expanded its residential lending department into new office space at 18 E. Figueroa St. in downtown Santa Barbara, President and CEO Jeff DeVine announced on June 13. The space was formerly home to the Bank of Santa Barbara, which was acquired in January by American Riviera in an all-stock deal Read More →

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American Riviera Bank reports income drop due to merger with Bank of Santa Barbara

By   /  Friday, January 29th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on American Riviera Bank reports income drop due to merger with Bank of Santa Barbara

American Riviera Bank reported a 17 percent decrease in unaudited net income in 2015 as the institution prepared for its merger with The Bank of Santa Barbara. American Riviera acquired The Bank of Santa Barbara in an all-stock deal valued close to $18 million, creating a “force to be reckoned with,” said Joanne Funari, the 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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Mergers reshape tri-county banking

By   /  Friday, October 23rd, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Mergers reshape tri-county banking

Citizens Business Bank will acquire County Commerce Bank in a cash-and-stock deal, shrinking the number of community banks but vastly increasing the region’s lending capital. The proposed merger would strengthen Citizens’ commercial banking presence in Ventura County and fuel its regional expansion. Ontario-based Citizens, which has maintained a strong presence in the San Fernando Valley, Read More →

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