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 →
Opinion: Led the Fed do its job, and let Powell finish his work leading it
By Kirk Lesh The question of whether Federal Reserve Chairman Jerome Powell’s term should be extended has received a lot of attention recently. It seems like The Washington Post, The New York Times or The Wall Street Journal has an article on this topic every week. In a similar vein, it seems someone from the Read More →
Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo
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U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company
Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →
Glass House Brands reports Q2 loss, growing revenue as it plans expansion into Ventura County
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PennyMac misses earnings targets
Both segments of PennyMac’s business missed estimates when they announced their second quarter financial earning reports on Aug. 5. PennyMac Financial Services reported net income of $204.2 million, or $2.94 per share on a diluted basis, missing the 3.48 per share estimate predicted by Zacks Consensus Estimates. The Westlake Village-based financial services segment had earnings Read More →
