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By Marlize van Romburgh / Monday, October 4th, 2010 / Banking & Finance, Banking Industry / Comments Off on Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth
One of the Tri-Counties’ smallest banks has made a sizeable rebound in the 10 months since a team of Santa Barbara investors purchased it from its former Michigan parent. The Bank of Santa Barbara, which came under local ownership in November 2009, has seen deposits jump 80 percent year-over-year as assets climbed more than 54 Read More →
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By Marlize van Romburgh / Monday, September 27th, 2010 / Features, Small Business / Comments Off on All grown up: These SLO entrepreneurs have come a long way
San Luis Obispo’s startups are growing up fast. Thirteen years ago, two San Luis Obispo high school students started their own company because they couldn’t find part-time jobs to fit their busy student-athlete schedules. That business, Meathead Movers, has since grown into a flourishing moving and storage empire that helps some 180 college students put Read More →
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By Marlize van Romburgh / Monday, September 6th, 2010 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Cal Oaks deal puts small banks in play
The $17.3 million proposed merger of Thousand Oaks-based California Oaks State Bank and a larger San Fernando Valley bank may hint at what the community banking world will look like in the aftermath of financial overhaul. Many smaller banks, especially those with less than $500 million in assets, are looking to their neighbors or larger Read More →
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