December 4, 2022
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Community Bancorp of Santa Maria sees net income dip in second quarter

By   /  Wednesday, July 13th, 2022  /  Banking & Finance, Earnings, Latest news, Santa Barbara County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bancorp of Santa Maria sees net income dip in second quarter

Community Bancorp of Santa Maria saw its net income decline 8.2% in the second quarter, as total assets and deposits increased. In a July 12 earnings statement, the bank reported net income of $1.3 million for the quarter ended June 30. In the same quarter a year earlier, Community Bank of Santa Maria reported net Read More →

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Second round of PPP loans headed to Tri-Counties

By   /  Monday, January 11th, 2021  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Second round of PPP loans headed to Tri-Counties

Another round of the federal Paycheck Protection Program opened Jan. 11, and the region’s bankers expect the money to help a lot of small businesses that have been struggling through the pandemic and pandemic-related restrictions. “We understand the urgency and the difficulty the business community is experiencing,” said George Leis, president of Montecito Bank & Read More →

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PennyMac notches another strong earnings report

By   /  Monday, November 9th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac notches another strong earnings report

PennyMac Financial Services more than tripled its net income over the course of a year when it reported $535.2 million, or $7.03 per share, in its third quarter financial report, up from $121.5 million, or $1.51 per share, in the third quarter of 2019. The Westlake Village-based mortgage lender built on steam from a record Read More →

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Driven by pandemic loans, American Riviera Bank reports record earnings

By   /  Monday, October 26th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Driven by pandemic loans, American Riviera Bank reports record earnings

American Riviera Bank saw its net income rise sharply this year, with a 46 percent increase in net income in third quarter earnings year-over-year. The Santa Barbara-based bank reported $2.26 million in net income the quarter, or 45 cents per share. For the same quarter in 2019, the bank had $1.55 million in net income, Read More →

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PennyMac’s quarter to remember

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Real Estate, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac’s quarter to remember

With mortgage rates at record lows and the homebuying and refinancing markets booming, PennyMac Financial Services, a Westlake Village mortgage lender, and its real estate investment trust both reported strong financial results on Aug. 6. PennyMac Financial Services announced a net income of $352.7 million for the second quarter of 2020, or $4.39 per share, Read More →

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Treasurers tackle school bond issuance costs

By   /  Friday, August 12th, 2016  /  Higher Education, Latest news  /  Comments Off on Treasurers tackle school bond issuance costs

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Editorial: Why Calpers kicked the hedgies to the curb

By   /  Friday, September 19th, 2014  /  Editorials, Opinion  /  1 Comment

When the California Public Employees Retirement System, the nation’s biggest pension plan by assets, said it would divest its $4 billion in hedge-fund holdings, the decision sent shock waves through Wall Street.