Bank of the Sierra reports drop in income
Sierra Bancorp, a Porterville-based banking company with nine branches in the Tri-Counties, reported its net income dropped more than 30% for the first quarter of 2022, compared with the same quarter a year ago. Net income was $7.4 million, or 49 cents per diluted share, for the quarter ended March 31, compared with $11.1 Read More →
Assets and earnings up at American Riviera Bank
American Riviera Bank, based in Santa Barbara, reported net income of $3.2 million for the quarter ended March 31, a 23% increase over the same period last year. Net income for the first quarter totaled 61 cents per share, compared with 50 cents per share a year earlier, according to the earnings statement the bank Read More →
Citizens Business Bank reports decline in income for Q1
CVB Financial, the parent of Citizens Business Bank, reported net income of $45.6 million, or diluted earnings per share of 31 cents, for the first quarter ended March 31. Citizens Business Bank is based in Ontario, California, and four locations in Ventura County and one in Santa Barbara. In earnings reported April 20, the bank Read More →
Trade Desk CEO made $835M in 2021, region’s biggest payday ever
Jeff Green, the CEO and co-founder of The Trade Desk, received $835 million in total compensation in 2021, the biggest pay package in Central Coast history and likely the biggest of any CEO in the United States last year. The Ventura-based online advertising company disclosed its executive pay for 2021 in an April 12 filing Read More →
Loans slow down but deposits grow at Community Bank of Santa Maria
Total assets and deposits at Community Bank of Santa Maria grew in the first quarter of the fiscal year, even as new loans and net income decreased, the bank announced April 18. Community Bancorp of Santa Maria, the holding company for Community Bank of Santa Maria, reported its total assets rose to $411.4 million by Read More →
Sonos pays $100M for Dutch audio component company
Santa Barbara-based Sonos added to its home audio arsenal on April 11 when it announced the purhcase of Netherlands-based Mayht for $100 million in cash. Mayht specializes in audio transducers, the foundational element within speakers that creates sound. Sonos said in a news release announcing the acquisition that Mayht has “re-engineered” transducers to make them Read More →
Atara closes $100M sale of Thousand Oaks facility
Atara Biotherapeutics, a drugmaker based in South San Francisco with a large presence in Thousand Oaks, announced April 4 that its cell therapy manufacturing facility in Thousand Oaks was purchased by Fujifilm Corp. for $100 million. The deal was first announced in January and is part of a long-term strategic supply agreement between Atara and Read More →
