Bookkeeper sentenced in embezzlement cases
Latest news, Law & Goverment, Nonprofits, Small BusinessLaura Leonard, a Simi Valley office manager and bookkeeper who was convicted of grand theft and embezzlement, was sentenced April 28 to three years and eight months in prison and ordered to pay restitution. Leonard was an office manager for Simi Valley-based Protek CNC Sales. The company discovered she was embezzling funds in 2019, and Read More →
Earnings up at Pacific Premier Bank
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacific Premier Bancorp saw its net income more than double in the past year when it reported its first quarter financial earnings on April 27. The Irvine-based bank, which has 11 branches in the tri-county region, had a net income of $68.7 million, or 72 cents per share, for the first quarter of 2021. In Read More →
American Riviera Bank tops $1B in assets
Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public CompaniesAmerican Riviera Bank recorded more than $1 billion in assets for the first time when it reported its financial results for the first quarter of 2021. The Santa Barbara-based bank saw its net income rise during the quarter to $2.56 million, or 50 cents per share, compared to net income of $1.2 million, or 23 Read More →
Real Estate: R1 Speed races into newly renovated industrial space in Thousand Oaks
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Pacific Western Bank reports earnings recovery in first quarter
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacWest Bancorp saw its net income soar a year after a devastating low. The parent company of Pacific Western Bank, which is based in Los Angeles and has 15 branches in the Tri-Counties, reported net income of $150 million, or $1.27 per diluted share, for the first quarter of 2021. In the first quarter of Read More →