Assets and earnings up at American Riviera Bank
American Riviera Bank, based in Santa Barbara, reported net income of $3.2 million for the quarter ended March 31, a 23% increase over the same period last year. Net income for the first quarter totaled 61 cents per share, compared with 50 cents per share a year earlier, according to the earnings statement the bank Read More →
Citizens Business Bank reports decline in income for Q1
CVB Financial, the parent of Citizens Business Bank, reported net income of $45.6 million, or diluted earnings per share of 31 cents, for the first quarter ended March 31. Citizens Business Bank is based in Ontario, California, and four locations in Ventura County and one in Santa Barbara. In earnings reported April 20, the bank Read More →
Loans slow down but deposits grow at Community Bank of Santa Maria
Total assets and deposits at Community Bank of Santa Maria grew in the first quarter of the fiscal year, even as new loans and net income decreased, the bank announced April 18. Community Bancorp of Santa Maria, the holding company for Community Bank of Santa Maria, reported its total assets rose to $411.4 million by Read More →
PennyMac lays off workers as mortgage boom fades
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Opinion: The Central Coast and the world keep moving into the digital future
By Greg Bland As the effects of the coronavirus continue to reshape the Central Coast and the rest of our world, 2022 will see several factors accelerating the shift to a more digital, hybrid future. In the year ahead, there will be a continued focus on digital transformation as the driving force creating value for Read More →
Banks closed thousands of branches in 2021 and tri-county banks were no exception
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Montecito Bank and Trust assets grew 20% in 2021
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