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Montecito Bank & Trust
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Community West looks closer to home

By   /  Friday, March 9th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Community West looks closer to home

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FCAL to buy Riverside bank, close four branches

By   /  Tuesday, February 28th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on FCAL to buy Riverside bank, close four branches

While announcing plans to buy an Inland Empire bank, First California Bank said Feb. 28 that it will close four branches, including one in Thousand Oaks. First California plans to pay $2 million in an all-stock deal to buy Riverside-based Premier Service Bank. The deal is still subject to regulatory and shareholder approval and is Read More →

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$40M deposit: PCBC launches technology overhaul

By   /  Friday, February 17th, 2012  /  Banking & Finance, Banking Industry, Features, Technology  /  Comments Off on $40M deposit: PCBC launches technology overhaul

The parent of Santa Barbara Bank & Trust is investing $40 million into a comprehensive technology overhaul.

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Higher profits in hand, region’s banks look to expand

By   /  Friday, February 3rd, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Higher profits in hand, region’s banks look to expand

Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →

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Amid losses, Community West hit with regulatory order

By   /  Wednesday, February 1st, 2012  /  Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies  /  Comments Off on Amid losses, Community West hit with regulatory order

[wikichart align=”center” ticker=”CWBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The parent company of Goleta-based Community West Bank has reported an $8.6 million loss for the fourth quarter and disclosed a consent order from banking regulators. Community West Bancshares said Feb. 1 that its fourth-quarter performance was impacted by a $6.7 million allowance against deferred taxes Read More →

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PCBC reports $70.5M in 2011 profits

By   /  Monday, January 30th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PCBC reports $70.5M in 2011 profits

[wikichart align=”center” ticker=”PCBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] Pacific Capital Bancorp, the largest bank based in the region, earned $70.5 million in 2011, its first full calendar year under the ownership of a Texas-based private equity group. The parent company of Santa Barbara Bank & Trust saw its fourth-quarter profits drop 39.8 percent to Read More →

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Under scrutiny, First California targets South Coast

By   /  Friday, January 27th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Under scrutiny, First California targets South Coast

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