Banks bet that merger will bolster stock price
By Henry Dubroff / Friday, July 17th, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Banks bet that merger will bolster stock price
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Montecito Bank & Trust net income jumped 44 percent over prior year
By Staff Report / Wednesday, July 15th, 2015 / Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year
Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →
American Riviera Bank, The Bank of Santa Barbara plan to merge
By Henry Dubroff / Wednesday, July 15th, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies / Comments Off on American Riviera Bank, The Bank of Santa Barbara plan to merge
The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →
James W. Lokey appointed to board of Community West Bancshares
By Staff Report / Monday, June 29th, 2015 / Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Economy / Comments Off on James W. Lokey appointed to board of Community West Bancshares
Veteran community banker James W. Lokey has been appointed to the board of Community West Bancshares, bringing a veteran dealmaker into the Community West ranks and strengthening the Goleta-based bank’s push into San Luis Obispo County. Lokey, a resident of SLO County, was the longtime CEO of Mid-State Bank & Trust and negotiated that bank’s Read More →
Goleta’s Community West Bancshares settles with Residential Funding Company
By Staff Report / Friday, June 12th, 2015 / Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories, Tri-County Public Companies / Comments Off on Goleta’s Community West Bancshares settles with Residential Funding Company
Goleta-based Community West Bancshares, parent company of Community West Bank, today announced that it has reached a settlement with Residential Funding Company. The June 8 settlement resolves the litigation between the two financial firms concerning residential mortgage loans sold to RFC. Under the settlement, Community West Bank has agreed to pay RFC $7.5 million, which Read More →
Regional banks pluck talent to grow
By Elijah Brumback / Friday, April 24th, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on Regional banks pluck talent to grow
The shifting financial industry landscape has set the stage for increased competition among regional banks trying to snap up local talent and a slice of the mid-size company market. However, some industry experts think the newly consolidated landscape and shrinking number of small banks could close the door on many entrepreneurs and smaller businesses. “For Read More →
CNB heats up banking wars
By Staff Report / Thursday, February 19th, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on CNB heats up banking wars
City National Bank has become the newest entrant in the competitive Santa Barbara banking market.
