UPDATED: Bank of Santa Barbara CEO search underway
The Bank of Santa Barbara is searching for a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules. Eloy Ortega has left his position as chief executive and Joanne Funari has been appointed interim CEO while a special committee recruits a new leader.
The Bank of Santa Barbara CEO steps down
The Bank of Santa Barbara is seeking a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules.
What did Sheila Bair know about Banco BuenaVentura, and when did she know it?
It might be the understatement of the decade to describe Sheila Bair as a complex creature. The recently retired chair of the Federal Deposit Insurance Corp. was early to spot the evils of sub-prime mortgage lending — she warned about them as a Treasury official in 2002. During the 2008 financial crisis, she famously feuded Read More →
First California acquires failed Woodland Hills bank
[Editor’s note: This story has been corrected. Scroll down to the bottom for the update.] Westlake Village-based First California Financial Group acquired the assets of Western Commercial Bank on Nov. 5 after federal regulators shut down the Woodland Hills-based institution. First California will pay the Federal Deposit Insurance Corp. a half percent premium to assume Read More →