Portfolio watch
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Community West, Central Valley Banks are “better together”
About 18 months ago, Marty Plourd, CEO of Community West Bank at the time met James Kim, CEO of Central Valley Community Bank, and after a successful first meeting, the two kept in touch, building “a bond of trust.” On Oct. 10, that bond of trust came full circle when it was announced that Goleta-based Read More →
Dubroff: U.S. Bank CIO shares insights on nation’s economy
At a pivotal moment for investors, the future of the U.S. economy lies in the hands of American consumers and their ability to fund aspirational trips and gifts and without breaking the bank. On a morning where war in the Middle East and turmoil in Congress were making headlines, Eric Freedman, chief investment officer at Read More →
Community Bank of Santa Maria reports higher net income
The Community Bancorp of Santa Maria, the parent company of Community Bank of Santa Maria, announced its earnings for the third quarter of 2023 on Oct. 16 after the markets closed. The bank announced net income worth $2.9 million for the quarter ended Sept. 30, up 22% from the $2.4 million during the same period Read More →
Portfolio watch
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Community West Bank agrees to $100M merger
Goleta-based Community West Bank is expanding its operations after the organization announced it would be merging with Central Valley Community Bank with the signing of an all-stock merger agreement on Oct. 10. The deal, which is expected to close in the second quarter of 2024, is valued at $99.4 million based on Central Valley Community Read More →
Private bank to open first Santa Barbara location
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