January 11, 2025
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Montecito Bank & Trust
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Citizens Business Bank reports ‘solid loan growth,’ higher earnings in Q3

By   /  Thursday, October 21st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Citizens Business Bank reports ‘solid loan growth,’ higher earnings in Q3

CVB Financial Corp., the parent company of Citizens Business Bank, saw an increase in net income and asset growth for the quarter ended Sept. 30 when compared to the same period last year. Headquartered in Ontario, California, Citizens Business Bank has four branches in Ventura County and one in Santa Barbara. The bank had net Read More →

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Earnings, assets both up at Pacific Premier Bank

By   /  Thursday, October 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Earnings, assets both up at Pacific Premier Bank

Pacific Premier Bancorp saw its net income and assets grow in its most recent quarter, the company announced Oct. 21. The Irvine-based bank, which has nine branches in Santa Barbara and San Luis Obispo counties, reported net income of $90.1 million, or 95 cents per diluted share, for the quarter ended Sept. 30. For the Read More →

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Pacific Western Bank reports year-over-year earnings growth

By   /  Tuesday, October 19th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Western Bank reports year-over-year earnings growth

Los Angeles-based PacWest Bancorp, which has 13 branches in the tri-county region, reported net earnings for the third quarter that were higher than a year before, but down from the previous quarter. In an Oct. 18 release, PacWest Bancorp, the parent company for Pacific Western Bank, reported net earnings of $140 million, or $1.17 per Read More →

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Community Bank of Santa Maria reports Q3 earnings jump

By   /  Friday, October 15th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community Bank of Santa Maria reports Q3 earnings jump

Community Bancorp of Santa Maria reported that its income, assets and deposits increased in the third quarter of 2021 compared to a year earlier, while the bank’s net loans were impacted by payoffs received federal Paycheck Protection Program loans. Community Bancorp is the parent company of Community Bank of Santa Maria, one of four banks Read More →

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Opinion: Celebrating the tri-county region’s Latino business community

By   /  Friday, October 15th, 2021  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Opinion: Celebrating the tri-county region’s Latino business community

By Kristina Alameda Although Hispanic Heritage Month is winding down, it gave us a unified opportunity to celebrate the richness and diversity of the Hispanic-Latino community and recognize our collective path forward to drive social and economic progress in the Tri-Counties. This year in particular, we recognize the resilience of small business owners impacted by Read More →

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Community West Bank names new president

By   /  Monday, October 4th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Community West Bank names new president

Goleta-based Community West Bancshares announced Oct. 4 that William Filippin, a 26-year banking industry veteran, has been promoted to president of Community West Bank. Filippin’s responsibilities include day-to-day decisions about policy, procedure and process, according to a news release from Community West Bancshares. He began his new role on Oct. 1. “Bill’s strategic contributions over Read More →

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Mission Wealth acquires Seattle-based firm

By   /  Friday, October 1st, 2021  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories, Tri-County Economy  /  Comments Off on Mission Wealth acquires Seattle-based firm

Santa Barbara-based Mission Wealth announced on Oct. 1 that it has acquired Sea to Peak Financial advisors, a firm with offices in Seattle and Denver and about $90 million in assets under management. “As a 100% employee-owned firm, we feel we have a natural advantage in mergers and integrations and can be more flexible in Read More →