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First California reports record 2011 earnings of $23.4M

By   /  Thursday, January 26th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on First California reports record 2011 earnings of $23.4M

[wikichart align=”right” ticker=”NASDAQ:FCAL” showannotations=”true” livequote=”true” startdate=”26-07-2011″ enddate=”26-01-2012″ width=”300″ height=”245″] Westlake Village-based First California Financial Group reported profits of $23.4 million in 2011, a company earnings record. A year earlier, it had earned $1.4 million. “Our record breaking performance in 2011 was driven by the combination of continued successful execution of our strategic plan that focuses Read More →

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Earnings roundup: Profits return for most area banks

By   /  Friday, November 4th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Earnings roundup: Profits return for most area banks

Banks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →

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Bank taps fund to pay TARP

By   /  Monday, July 18th, 2011  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Bank taps fund to pay TARP

First California Bank is repaying the $25 million in federal aid it took from the Treasury with a new federal aid program.

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Final withdrawal: Behind the scenes of San Luis Trust seizure

By   /  Friday, March 25th, 2011  /  Banking & Finance, Top Stories  /  Comments Off on Final withdrawal: Behind the scenes of San Luis Trust seizure

A team of about 60 FDIC staff members worked late into the night and through the weekend to wind San Luis Trust down and transfer its assets to First California.

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Banks in no rush to repay TARP money

By   /  Monday, November 8th, 2010  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Banks in no rush to repay TARP money

Two years after the U.S. Treasury Department rolled out its Troubled Asset Relief Program, the federal rescue plan for banks, eight of the nine banks based in the Tri-Counties that took those funds have not yet repaid them. The one bank in the region that has repaid its TARP funds — Santa Barbara-based Pacific Capital Read More →

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First California acquires failed Woodland Hills bank

By   /  Saturday, November 6th, 2010  /  Latest news  /  Comments Off on 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 →

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