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By Staff Report / Tuesday, April 10th, 2012 / Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies / Comments Off on Umpqua to buy American Perspective Bank for $44.7M
San Luis Obispo-based American Perspective Bank is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. Under the deal, announced April 10, Umpqua will pay $10 per share in cash for American Perspective. The San Luis Obispo bank’s three Central Coast branches will be rebranded as Umpqua Bank. The acquisition has been approved by Read More →
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By Staff Report / Tuesday, March 27th, 2012 / Banking & Finance, Banking Industry, Latest news / Comments Off on Ojai Community Bank out from regulatory order
Ojai Community Bank is out from under a regulatory consent order imposed on it last year and reported a profitable 2011, swinging back from a loss the year earlier. The small Ojai-based bank said March 27 that regulators had lifted a Federal Deposit Insurance Corp. order placed on it on March 31, 2011. The announcement Read More →
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By Staff Report / Friday, March 16th, 2012 / Op/Eds, Opinion / Comments Off on Guest op/ed: SBB&T sale marks a turning point for the banking business
By Bill Watkins on March 16, 2012 Early in the morning on Monday, March 12, I received an email indicating that the stock of Santa Barbara Bank & Trust’s parent, Pacific Capital, was trading way above its recent market price. Clearly, something was up. Only hours later, The Pacific Coast Business Times had an article Read More →
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By Marlize van Romburgh / Friday, February 3rd, 2012 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on Higher profits in hand, region’s banks look to expand
Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →
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By Staff Report / Wednesday, February 1st, 2012 / Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies / Comments Off on Amid losses, Community West hit with regulatory order
[wikichart align=”center” ticker=”CWBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The parent company of Goleta-based Community West Bank has reported an $8.6 million loss for the fourth quarter and disclosed a consent order from banking regulators. Community West Bancshares said Feb. 1 that its fourth-quarter performance was impacted by a $6.7 million allowance against deferred taxes Read More →
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By Henry Dubroff / Friday, January 13th, 2012 / Columns, Opinion / Comments Off on New Los Angeles SBA chief sets his sights on boosting lending
An attorney by training, Victor Parker’s heart is in the world of small business.
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By Henry Dubroff / Friday, January 6th, 2012 / Columns, Opinion / Comments Off on Health care, tourism are protagonists in the tri-county recovery story
Tourism, health care are the bright spots, while retail and housing are question marks.
