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By pacbiztimes / Monday, November 1st, 2021 / Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies / Comments Off on Earnings up as Community West Bank reports 10% non-PPP loan growth
Goleta-based Community West Bancshares reported “strong” earnings in the third quarter, fueled by an expanded balance sheet and increased net interest, according to a quarterly report released Nov. 1. The parent company of Community West Bank said its net income for the most recent quarter was $3.6 million, or 41 cents per diluted share, compared Read More →
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By pacbiztimes / Friday, October 29th, 2021 / Latest news, middle, South Coast, Subscriber content, Top Stories, Tri-County Economy / Comments Off on Santa Barbara Records launches with artist-first approach
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By Jorge Mercado / Friday, October 29th, 2021 / Banking & Finance, Earnings, Latest news, right, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Sales up, earnings flat at Deckers
Goleta-based Deckers Brands delivered an increase in revenue during the second quarter of fiscal year 2021-22, but “historic” supply chain demands kept earnings flat year-over-year. Deckers, the parent company of footwear brands including Ugg, Hoka One One and Teva, saw revenue grow to $721.9 million for the quarter ended Sept. 30, up 15.8% from the Read More →
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By pacbiztimes / Thursday, October 28th, 2021 / Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County / Comments Off on Income up 24% at Montecito Bank, assets top $2B
Montecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →
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By Jorge Mercado / Thursday, October 28th, 2021 / Central Coast, East Ventura County, Latest news, right, South Coast, Subscriber content, Technology, Top Stories, Tri-County Economy, West Ventura County / Comments Off on Central Coast coalition aims to launch aerospace economy from Ventura to Santa Cruz
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By Henry Dubroff / Thursday, October 28th, 2021 / Columns, Latest news, South Coast, Subscriber content, Technology, Tri-County Economy / Comments Off on Dubroff: Phil Wyatt and his company finally get their due with physics prize
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By pacbiztimes / Tuesday, October 26th, 2021 / Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies / Comments Off on Earnings, loans, assets all up at American Riviera Bank
American Riviera Bank’s core loans rose 20% during the past year and the bank continues to experience “tremendous” deposit growth, the company said in its Oct. 25 earnings release. The Santa Barbara-based bank reported that its core loans, not counting federal Paycheck Protection Program loans, grew to $124 million by Sept. 30, the end of Read More →