Bank of the Sierra acquiring Ojai Community Bank
Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →
Knight named Santa Clara Valley Bank chief exec
Bank insider Cheryl Knight is the new CEO and president of Santa Clara Valley Bank, the firm said Nov. 17. Knight joined the Santa Paula-based bank in October 2010 as a chief credit officer and senior vice president. She also held the position of chief operating officer when she was named CEO. Before joining Santa Read More →
Earnings roundup: Profits return for most area banks
Banks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →
Bank taps fund to pay TARP
First California Bank is repaying the $25 million in federal aid it took from the Treasury with a new federal aid program.
Bank earnings rebound signals better times
Santa Barbara Bank & Trust and its smaller banking peers in the region are reporting improved earnings.
