August 16, 2022
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Loans slow down but deposits grow at Community Bank of Santa Maria

By   /  Monday, April 18th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Regions, Santa Barbara County, Tri-County Public Companies  /  Comments Off on Loans slow down but deposits grow at Community Bank of Santa Maria

Total assets and deposits at Community Bank of Santa Maria grew in the first quarter of the fiscal year, even as new loans and net income decreased, the bank announced April 18. Community Bancorp of Santa Maria, the holding company for Community Bank of Santa Maria, reported its total assets rose to $411.4 million by Read More →

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Community Bank of Santa Maria reports income, asset growth

By   /  Monday, January 17th, 2022  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports income, asset growth

Community Bancorp of Santa Maria saw its net loans decline in the fourth quarter of last year, but reported increases in net income and total assets, reflecting what the bank called “significant growth” in 2021. The bank’s net income increased nearly 30%, from $2.209 million in the fourth quarter of 2020 to $2.85 million in Read More →

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Community Bank of Santa Maria reports Q3 earnings jump

By   /  Friday, October 15th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports Q3 earnings jump

Community Bancorp of Santa Maria reported that its income, assets and deposits increased in the third quarter of 2021 compared to a year earlier, while the bank’s net loans were impacted by payoffs received federal Paycheck Protection Program loans. Community Bancorp is the parent company of Community Bank of Santa Maria, one of four banks Read More →

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Income up at Community Bank of Santa Maria

By   /  Tuesday, July 13th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Income up at Community Bank of Santa Maria

Community Bank of Santa Maria saw its net income rise more than 35% for the most recent quarter as total assets, deposits and net loans all increased. In a July 13 earnings statement, the bank reported net income of $1.44 million for the quarter ended June 30, 36.1% higher than the same quarter of the Read More →

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Community Bank of Santa Maria continues anniversary charity giveaway

By   /  Friday, July 9th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Nonprofits, Tri-County Economy  /  Comments Off on Community Bank of Santa Maria continues anniversary charity giveaway

The Community Bank of Santa Maria drew two more winners on July 8 for its $20,000 charity giveaway. The bank, which is celebrating 20 years this year, is drawing the names of two charities every month as part of a pledge to donate $20,000 to local non-profits. The bank’s customers submit the charities that go Read More →

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Community Bank of Santa Maria reports income decline, asset growth

By   /  Tuesday, April 20th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports income decline, asset growth

Community Bancorp of Santa Maria saw its net income decline from the first quarter of 2020 to the first quarter of 2021, even though other financial measures soared year-over-year. The bank’s net income declined 7.2%, going from $609,521 to $565,683 in a year’s time, but during the same time total assets grew almost 37%, the Read More →

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Community Bank of Santa Maria CEO picked for Fed advisory board

By   /  Wednesday, January 27th, 2021  /  Banking & Finance, Banking Industry, Latest news, Women Inc.  /  Comments Off on Community Bank of Santa Maria CEO picked for Fed advisory board

Janet Silveria, the president and CEO of Community Bank of Santa Maria, has been selected as a member of the Federal Reserve’s Community Depository Institutions Advisory Council. The 12-member council was established by the Federal Reserve’s Board of Governors in 2010 to give the board input on the economy, lending conditions and other issues that Read More →