Driven by pandemic loans, American Riviera Bank reports record earnings
American Riviera Bank saw its net income rise sharply this year, with a 46 percent increase in net income in third quarter earnings year-over-year. The Santa Barbara-based bank reported $2.26 million in net income the quarter, or 45 cents per share. For the same quarter in 2019, the bank had $1.55 million in net income, Read More →
Earnings up at Community West Bank
Community West Bancshares, the holding company for Goleta-based Community West Bank, saw net income and net interest income rise in the third quarter, according to the company’s latest financial filings. The bank reported a net income of $2.9 million, or 33 cents per diluted share, as compared to $2.2 million, or 25 cents per diluted Read More →
Ventura County hit with lawsuits over General Plan
More than half a dozen groups have sued Ventura County in response to the county’s recently adopted 2040 General Plan. The plan went into effect Oct. 15, 30 days after it was passed by the Ventura County Board of Supervisors. Several of the groups that filed suit against the county are oil and energy interests Read More →
Dubroff: Dive boat fire an avoidable tragedy, and a double standard
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.
Teledyne reports earnings dip
Despite a dip in earnings and sales compared to last year, Teledyne Technologies beat analysts’ expectations with net income of $93.9 million in the third quarter, the company announced Oct. 21. Analysts estimated that Teledyne’s diluted earnings per share would be $2.36 in the third quarter, according to estimates compiled by the Wall Street Journal. Read More →
NTSB: Night watch could have saved dive boat passengers
The sinking of the dive boat Conception in the Santa Barbara Channel last year and the death of 34 people on board was caused by the failure of Truth Aquatics, the boat’s owner, to properly oversee its vessel and crew, the National Transportation Safety Board ruled on Oct. 20. The boat, a 75-foot recreational diving Read More →
Earnings down, assets up at Community Bank of Santa Maria
Total assets at Community Bancorp of Santa Maria rose in the third quarter of the fiscal year, even as net income fell, the bank announced Oct. 20. The parent company of Community Bank of Santa Maria saw total assets rise to $327.6 million, an increase of 24 percent from the same time in 2019. Net Read More →
