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By Staff Report / Wednesday, February 1st, 2012 / Banking & Finance, Banking Industry, Earnings, Top Stories, Tri-County Public Companies / Comments Off on Amid losses, Community West hit with regulatory order
[wikichart align=”center” ticker=”CWBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] The parent company of Goleta-based Community West Bank has reported an $8.6 million loss for the fourth quarter and disclosed a consent order from banking regulators. Community West Bancshares said Feb. 1 that its fourth-quarter performance was impacted by a $6.7 million allowance against deferred taxes Read More →
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By Staff Report / Monday, January 30th, 2012 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on PCBC reports $70.5M in 2011 profits
[wikichart align=”center” ticker=”PCBC” showannotations=”true” livequote=”true” rollingdate=”6 months” width=”390″ height=”245″] Pacific Capital Bancorp, the largest bank based in the region, earned $70.5 million in 2011, its first full calendar year under the ownership of a Texas-based private equity group. The parent company of Santa Barbara Bank & Trust saw its fourth-quarter profits drop 39.8 percent to Read More →
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By Henry Dubroff / Friday, January 27th, 2012 / Banking & Finance, Banking Industry, Personal Finance, Top Stories / Comments Off on Big California banks see 2011 earnings bounce
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By Staff Report / Thursday, January 26th, 2012 / Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies / Comments Off on First California reports record 2011 earnings of $23.4M
[wikichart align=”right” ticker=”NASDAQ:FCAL” showannotations=”true” livequote=”true” startdate=”26-07-2011″ enddate=”26-01-2012″ width=”300″ height=”245″] Westlake Village-based First California Financial Group reported profits of $23.4 million in 2011, a company earnings record. A year earlier, it had earned $1.4 million. “Our record breaking performance in 2011 was driven by the combination of continued successful execution of our strategic plan that focuses Read More →
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By Staff Report / Friday, January 20th, 2012 / Banking & Finance, Banking Industry, Latest news / Comments Off on Coast National snatches former Mission CEO
Anita Robinson, the former CEO of Mission Community Bank, has moved to San Luis Obispo-based Coast Bancorp, parent of Coast National Bank. Her move comes two months after Mission announced that Robinson, the founding CEO of that bank, would be reassigned to head up its community development subsidiary. Coast is a four-branch bank with $135.6 Read More →
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By Stephen Nellis / Friday, January 13th, 2012 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Bank moves to seize Saabs at port
A bank backed by Uncle Sam is suing to seize a stash of Saab vehicles at the Port of Hueneme as the iconic Swedish car brand heads for the sunset. Ally Financial, a bank three-quarters owned by the U.S. Treasury, wants court approval to take control of 151 vehicles being stored at the port by Read More →
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