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Region’s bankers see a bumpy road to recovery in 2021

By   /  Thursday, December 31st, 2020  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Subscriber content, Tri-County Economy, West Ventura County  /  Comments Off on Region’s bankers see a bumpy road to recovery in 2021

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Mission Bancorp reports growth in earnings, revenue, deposits

By   /  Friday, October 30th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Bancorp reports growth in earnings, revenue, deposits

Mission Bancorp, which has business banking offices in Ventura and San Luis Obispo, set a new all-time record for net income when it announced its third quarter financial results. The bank reported a net income of $4.2 million, or $2.07 per basic common share, compared to the net income of $3.7 million, or $1.85 per Read More →

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Earnings up at Community West Bank

By   /  Monday, October 26th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Earnings up at Community West Bank

Community West Bancshares, the holding company for Goleta-based Community West Bank, saw net income and net interest income rise in the third quarter, according to the company’s latest financial filings. The bank reported a net income of $2.9 million, or 33 cents per diluted share, as compared to $2.2 million, or 25 cents per diluted Read More →

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Sierra Bancorp Q2 earnings down

By   /  Monday, July 20th, 2020  /  Banking & Finance, Banking Industry, Earnings  /  Comments Off on Sierra Bancorp Q2 earnings down

Sierra Bancorp, a Porterville-based banking company with 11 branches in the Tri-Counties, announced July 20 that its quarterly earnings were slightly down compared to the same period in 2019, led by a lower consolidated net income and lower return on both average assets and average equity. The parent company of Bank of the Sierra declared Read More →

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Garufis: Bankers want to fund small business loans

By   /  Friday, April 17th, 2020  /  Banking & Finance, Banking Industry, Latest news, Small Business, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Garufis: Bankers want to fund small business loans

By Janet Garufis Last week, Henry Dubroff stepped out of his usual pundit role to share his impression of the Paycheck Protection Program rollout. I echo his sentiments and agree that it has been “a nightmare for many small business owners.” It has also been a challenging experience for many of your local bankers. I Read More →

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More questions than answers as PPP runs out of loan funds

By   /  Friday, April 17th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Law, Small Business, South Coast, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on More questions than answers as PPP runs out of loan funds

Questions remain as the Small Business Administration ran out of funding for the Payroll Protection Program on April 16. The fund started with $349 billion, which was quickly loaned out to businesses across the nation — but not to everyone at the same time. Independent contractors and self-employed people were able to apply for the Read More →

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Seibly named president of Union Bank

By   /  Thursday, February 6th, 2020  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Seibly named president of Union Bank

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