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Montecito Bank & Trust
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Lagomarsino relishes new role as CEO of banking association

By   /  Friday, December 1st, 2017  /  Banking & Finance, Banking Industry, Latest news, Women Inc.  /  Comments Off on Lagomarsino relishes new role as CEO of banking association

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Dubroff: Community Dividends program a gift that keeps on teaching

By   /  Friday, November 24th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Columns, Latest news, Nonprofits, South Coast  /  Comments Off on Dubroff: Community Dividends program a gift that keeps on teaching

Henry Dubroff

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Philanthropic tradition continues as Montecito Bank & Trust donates $1 million

By   /  Monday, November 20th, 2017  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on Philanthropic tradition continues as Montecito Bank & Trust donates $1 million

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Bank of the Sierra awards grants

By   /  Friday, November 17th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra awards grants

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Net income rises at Community West Bank

By   /  Thursday, November 2nd, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Net income rises at Community West Bank

Community West Bancshares, parent company of Goleta-based Community West Bank, reported a net income of $1.6 million, or 18 cents per diluted share, for the quarter ended Sept 30 — an increase of 4.9 percent from $1.5 million in the third quarter of 2016. The bank’s net interest margin for Q3 2017 was 4.27 percent. Read More →

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Net income grows at Montecito Bank & Trust

By   /  Monday, October 30th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Net income grows at Montecito Bank & Trust

Montecito Bank & Trust reported net income growth of 11.52 percent year-over-year in its earnings report for the quarter ended Sept. 30, 2017. The Santa Barbara-based bank said in a news release Oct. 27 that the higher net income was driven by loan growth of 16 percent. Deposits increased 3 percent and assets increased 3.64 Read More →

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American Riviera Bank assets pass half-billion dollar mark

By   /  Tuesday, October 24th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank assets pass half-billion dollar mark

American Riviera Bank, headquartered in Santa Barbara, had an unaudited net income of $1,383,000, or 31 cents per share, for the third quarter of 2017, the company announced in its earnings report on Oct. 24. The bank reported $518 million in total assets as of the third quarter of 2017. The growth was driven by Read More →