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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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Community West Bancshares buying back more stock

By   /  Monday, March 4th, 2019  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on Community West Bancshares buying back more stock

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Community West Bank reports record third quarter earnings

By   /  Friday, October 26th, 2018  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on Community West Bank reports record third quarter earnings

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Latest

Net income up 15 percent at Community West Bancshares

By   /  Friday, July 28th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Public Companies  /  Comments Off on Net income up 15 percent at Community West Bancshares

Net income for Community West Bancshares increased nearly 15 percent for the second quarter ended June 30 to $1.6 million, or 18 cents per diluted share. Loans increased to $684.8 million, versus $564.8 million a year ago, and total assets grew 22.2 percent year-over-year to $785 million. Net interest margin dropped slightly, from 4.45 percent Read More →

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Bank of the Sierra acquiring Ojai Community Bank

By   /  Tuesday, April 25th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra acquiring Ojai Community Bank

Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →

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Dubroff: Merger writes next chapter for Central Coast banking

By   /  Friday, December 16th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Columns, Latest news  /  Comments Off on Dubroff: Merger writes next chapter for Central Coast banking

Henry Dubroff

The $405 million sale of Heritage Oaks Bancorp to Pacific Premier Bancorp caught many experts by surprise. It is a transformative deal for the Irvine-based buyer, which will grow from $3.8 billion to $6 billion in assets when it closes next year. Pacific Premier will extend its franchise, leapfrogging past Los Angeles and heading deep Read More →

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Latest

Community West Bancshares second quarter income up over last year

By   /  Friday, July 29th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Community West Bancshares second quarter income up over last year

Community West Bancshares, the parent company of Goleta-based Community West Bank, reported net income of $1.1 million in the second quarter of 2016, up from a net loss of $2.3 million in the second quarter of 2015. “Our momentum during the first half of the year has been fueled by robust loan and deposit growth, Read More →

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