Community Bank of Santa Maria sees net income fall in Q1
By Uma Mazar The Community Bancorp of Santa Maria, the parent company of Community Bank of Santa Maria, announced its earnings for the first quarter of 2025 on April 10 after the markets closed. The bank announced that net income for the first quarter, which ended March 31, was $810,787, which is a decrease from Read More →
F&M Bank creates tri-county position to increase service
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MB&T’s anniversary awards showcase new nonprofits
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George Leis, Montecito Bank’s president and COO, retires
George Leis, the president and chief operating officer at Montecito Bank & Trust, announced that he would be retiring effective immediately, according to a Jan. 3 press release from the bank. Leis, who first joined Montecito Bank & Trust in those roles in 2016, said that during his time at the bank, he was able Read More →
Montecito Bank & Trust doles out $1M in community grants
Montecito Bank & Trust started the giving season in style as the financial institution hosted its 22nd annual Community Dividends Luncheon on Nov. 25, the Monday before Thanksgiving, and awarded 195 local nonprofits a total of $1 million. Montecito Bank, the oldest and largest locally owned community bank in the Santa Barbara and Ventura counties, noted Read More →
Mission Wealth expands California presence with merger
Mission Wealth Management, a financial planning and wealth management firm with over $9.4 billion in client assets under management, has acquired with JLFranklin Wealth Planning, a financial advisory firm. Announced Oct. 28, this marks the third partnership for Mission Wealth in 2024 and further solidifies its presence in the San Francisco Bay Area. JLFranklin Wealth Planning was founded in 1999 by Joyce L. Franklin with over $235 million in Read More →
Community West Bank announces third quarter earnings
Community West Bancshares, the parent company of Community West Bank headquartered in Goleta, announced earnings for the third quarter of 20234 on Oct. 24. According to the report, Community West reported $3.4 million in net income, up from a net loss of $6.3 million in the second quarter of 2024, but down from a net Read More →
