Earnings up as Community West Bank reports 10% non-PPP loan growth
Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public CompaniesGoleta-based Community West Bancshares reported “strong” earnings in the third quarter, fueled by an expanded balance sheet and increased net interest, according to a quarterly report released Nov. 1. The parent company of Community West Bank said its net income for the most recent quarter was $3.6 million, or 41 cents per diluted share, compared Read More →
CEO of St. John’s hospitals in Oxnard and Camarillo resigns
Health Care & Life Science, Latest news, Tri-County Economy, West Ventura CountyThe CEO of the two Dignity Health hospitals in Ventura County, Darren Lee, has resigned, Dignity Health announced Oct. 28. Lee was the top executive at of St. John’s Regional Medical Center in Oxnard and St. John’s Hospital Camarillo. In a statement announcing his departure, a hospital spokesperson said on Oct. 28 that he had Read More →
Women’s share of region’s corporate board seats has doubled since 2018
Banking & Finance, Latest news, Law & Goverment, left, Top Stories, Tri-County Public Companies, Women Inc.Publicly traded companies in the tri-county region have added 18 women board directors this year, though a few companies still need to appoint more women to comply with stepped-up state diversity requirements that go into effect in 2022. A total of 69 women sit on the boards of the 22 companies headquartered in the Tri-Counties Read More →
Santa Barbara Records launches with artist-first approach
Latest news, middle, South Coast, Subscriber content, Top Stories, Tri-County EconomyThis article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Real Estate: Amazon warehouse in Simi Valley sells for $128M
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Income up 24% at Montecito Bank, assets top $2B
Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura CountyMontecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →
Earnings, loans, assets all up at American Riviera Bank
Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public CompaniesAmerican Riviera Bank’s core loans rose 20% during the past year and the bank continues to experience “tremendous” deposit growth, the company said in its Oct. 25 earnings release. The Santa Barbara-based bank reported that its core loans, not counting federal Paycheck Protection Program loans, grew to $124 million by Sept. 30, the end of Read More →
