Bank mergers leaving downtown spaces vacant
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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 →
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 →
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 →
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 →
More bank mergers on tap for 2016
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