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Montecito Bank & Trust
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Mission Community buys Santa Lucia

By   /  Monday, October 24th, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Mission Community buys Santa Lucia

Mission Community Bank said Oct. 24 that it acquired Santa Lucia Bank, doubling the San Luis Obispo-based bank’s size and kicking off its effort to consolidate smaller lenders along the Central Coast. The previously announced deal closed Oct. 21, Mission said. Although it did not confirm the deal price in its announcement, Mission’s top executive Read More →

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Ventura County Business Bank acquired

By   /  Monday, September 26th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Ventura County Business Bank acquired

Oxnard-based Ventura County Business Bank has been acquired by Royal Business Bank for an undisclosed amount. Ventura County Business Bank’s two branches, in Oxnard and Westlake Village, officially opened as a subsidiary of Royal Business Bank on Monday, according to a news release, and will continue to operate under their original name until February. For Read More →

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At the helm of Heritage Oaks: New CEO takes charge of region’s third-largest bank

By   /  Friday, September 23rd, 2011  /  Banking & Finance, Banking Industry  /  Comments Off on At the helm of Heritage Oaks: New CEO takes charge of region’s third-largest bank

Simone Lagomarsino, the new president and CEO of Paso Robles-based Heritage Oaks Bank, takes the reins of the region’s third-largest banking firm as it transitions out of the financial crisis.

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Banco BuenaVentura investors go after company’s remains

By   /  Friday, September 23rd, 2011  /  Banking & Finance, Banking Industry, Law & Goverment, Top Stories  /  Comments Off on Banco BuenaVentura investors go after company’s remains

Investors in now defunct Banco BuenaVentura are claiming the bank’s founder and his son defied orders from federal banking regulators and siphoned off investor money to pay for beachside condominiums and charted jet rides before regulators demanded that the bank liquidate in 2009. The allegations emerged in a lawsuit against the onetime Oxnard bank filed Read More →

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Court rebuffs bank on Estate Financial payout

By   /  Friday, September 16th, 2011  /  Banking & Finance, Banking Industry, Law & Goverment, Top Stories, Tri-County Public Companies  /  Comments Off on Court rebuffs bank on Estate Financial payout

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1,000 area jobs in peril

By   /  Friday, September 9th, 2011  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy  /  3 Comments

By Stephen Nellis and Marlize van Romburgh on September 9, 2011 Nearly 1,000 jobs are either at risk or being cut in the Tri-Counties in manufacturing, medical device research and finance. On Sept. 1, Bank of America said it planned to sell or shutter its correspondent lending arm, imperiling as many as 700 jobs in Read More →

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Heritage Oaks Bank names new CEO

By   /  Wednesday, September 7th, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank names new CEO

Simone Lagomarsino will take the reins at Paso Robles-based Heritage Oaks Bank as president and CEO on Sept. 10. Lagomarsino succeeds current CEO Larry Ward, who announced his retirement earlier this year. Heritage Oaks, the parent of the Business First Bank brand in Santa Barbara, is the third-largest regionally based bank in the Tri-Counties. It Read More →