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Montecito Bank & Trust
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Simone Lagomarsino named president of California Bankers Association

By   /  Tuesday, April 11th, 2017  /  Banking & Finance, Banking Industry, Latest news, Women Inc.  /  Comments Off on Simone Lagomarsino named president of California Bankers Association

Simone Lagomarsino, former president and CEO of Heritage Oaks Bancorp, has been named president of the California Bankers Association. The association made the announcement April 11. She will replace Rod Brown, who plans to retire after a decade at the helm of the organization. Lagomarsino joined Heritage Oaks in September 2011, with more than 20 Read More →

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PacWest Bancorp acquires CU Bancorp in $705 million deal

By   /  Friday, April 7th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on PacWest Bancorp acquires CU Bancorp in $705 million deal

PacWest Bancorp has acquired CU Bancorp in a transaction valued at approximately $705 million. CU Bancorp, headquartered in Los Angeles, is the parent of California United Bank, which has branches in Thousand Oaks and Simi Valley. The bank has about $3 billion in assets and nine branches in Los Angeles, Orange, Ventura and San Bernardino Read More →

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Towbes giving up reins at Montecito Bank & Trust

By   /  Friday, April 7th, 2017  /  Banking & Finance, Banking Industry, middle, Nonprofits, Real Estate  /  Comments Off on Towbes giving up reins at Montecito Bank & Trust

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Montecito Bank & Trust owner Towbes stepping down as chairman

By   /  Monday, April 3rd, 2017  /  Banking & Finance, Banking Industry, Latest news, Real Estate  /  Comments Off on Montecito Bank & Trust owner Towbes stepping down as chairman

Updated at 8:40 p.m.: Montecito Bank & Trust founder and owner Michael Towbes will step down from his role as board chairman, the bank announced April 3. The bank, which will continue under ownership by a trust that is overseen by trustees, said it would propose naming current President and CEO Janet Garufis as CEO and Read More →

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Pacific Premier, Heritage Oaks shareholders approve merger

By   /  Friday, March 31st, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Pacific Premier, Heritage Oaks shareholders approve merger

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Pacific Premier shareholders approve acquisition of Heritage Oaks

By   /  Tuesday, March 28th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  Comments Off on Pacific Premier shareholders approve acquisition of Heritage Oaks

Pacific Premier Bancorp shareholders have voted to approve the acquisition of Paso Robles-based Heritage Oaks Bancorp, Pacific Premier said March 28. The all-stock deal, announced Dec. 13, is valued at  $405.6 million or $11.68 per share. It combines the region’s largest bank, with $2 billion in assets, and Pacific Premier, which has $3.8 billion in assets, Read More →

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Regulators back Pacific Premier acquisition of Heritage Oaks

By   /  Tuesday, March 21st, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Economy  /  Comments Off on Regulators back Pacific Premier acquisition of Heritage Oaks

The board of governors of the Federal Reserve System and the California Department of Business Oversight approved Irvine-based Pacific Premier Bancorp’s acquisition of Heritage Oaks Bancorp in Paso Robles, the company announced in a news release March 21. The all-stock deal, announced Dec. 13, is valued at  $405.6 million or $11.68 per share. It combines the Read More →

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