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 →
Bank of the Sierra reports higher net income in Q3
Sierra Bancorp, the parent company of Bank of the Sierra, announced its results for the third quarter of 2024 on Oct. 21, noting that consolidated net income was at $10.6 million for the quarter, up from $9.8 million in the same quarter a year ago. Bank of the Sierra is headquartered in Porterville but has Read More →
Community Bank of Santa Maria net income slips in third quarter
The Community Bancorp of Santa Maria, the parent company of Community Bank of Santa Maria, announced its earnings for the third quarter of 2024 on Oct. 16 after the markets closed. The bank announced that net income for the third quarter was $819,337 which is an increase from $700,729 from the second quarter of 2024. Read More →
Portfolio watch
California homeowners pay an average of $28,790 in non-mortgage costs per year to own their properties, according to Bankrate.com’s latest report on the hidden cost of home ownership. The figure includes property taxes, insurance, upkeep and repairs, utilities and cable, making California No. 2 after Hawaii (more than $29,000). The average cost across the country is $18,112 or about $1500 per month. Read More →
ARB continues northern expansion with Atascadero branch
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