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Net earnings up 47.7 percent at Citizens Business Bank

By   /  Wednesday, April 20th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Net earnings up 47.7 percent at Citizens Business Bank

Ontario-based Citizens Business Bank reported a 47.7 percent increase in net earnings for the first quarter of 2016. CVB Financial Corp. and its subsidiary Citizens Business Bank reported a $23.4 million net income, or 22 cents a share, up from $15.8 million in the first quarter of 2015. It was an increase of $7.6 million Read More →

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Citizens Business Bank finalizes acquisition of County Commerce Bank

By   /  Tuesday, March 1st, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Citizens Business Bank finalizes acquisition of County Commerce Bank

Citizens Business Bank finalized its acquisition of County Commerce Bank, the company announced on Feb. 29. In exchange for all of County Commerce’s common stock and options, Citizens paid $41.25 million — half in stock and half in cash. That equates to $16.79 per County Commerce share. County Commerce earned 40 consecutive “Five Star” quarterly Read More →

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Citizens Business Bank fourth quarter earnings up over last year’s

By   /  Thursday, January 21st, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Citizens Business Bank fourth quarter earnings up over last year’s

Ontario-based Citizens Business Bank reported $28.6 million in net earnings for the fourth quarter of 2015, or 27 cents a share. That was up $3 million from the fourth quarter of 2014. For the year, net earnings were $99.1 million, or 93 cents per share. That was down $4.9 million, or 4.69 percent, from the Read More →

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Coast National sale speeds up merger surge

By   /  Friday, January 8th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Coast National sale speeds up merger surge

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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

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Port grant, trade pact boon for Central Coast

By   /  Friday, October 30th, 2015  /  Editorials, Opinion  /  Comments Off on Port grant, trade pact boon for Central Coast

International commerce on the Central Coast got a boost from a pair of announcements last week. On Oct. 26, the Department of Transportation awarded $12.3 million to the Port of Hueneme for upgrades and modernization that includes dredging the harbor to accommodate larger ships. Also in the mix is improved transportation infrastructure, particularly for hauling Read More →

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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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