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PCBC earns $16.6M in Q1

By   /  Wednesday, April 25th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PCBC earns $16.6M in Q1

Pacific Capital Bancorp turned in profits of $16.6 million in the first quarter of the year, down slightly from the same period a year earlier. The parent of Santa Barbara Bank & Trust said its latest earnings were affected by $1 million in merger-related costs. UnionBanCal Corp., the parent of Union Bank, is acquiring Pacific Read More →

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Ceres loses $6.8M in Q1

By   /  Thursday, April 12th, 2012  /  Banking & Finance, Earnings, Green Coast, Latest news, Tri-County Public Companies  /  Comments Off on Ceres loses $6.8M in Q1

Energy crop company Ceres lost $6.8 million in the first quarter, it said in its first earnings report after going public in a $65.3 million IPO in late February. The Thousand Oaks-based firm’s loss widened from $5.4 million a year earlier as revenue dropped from $1.6 million to $1.3 million. Despite a $100,000 increase in Read More →

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Founders earnings jump in Q1

By   /  Wednesday, April 11th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Founders earnings jump in Q1

San Luis Obispo-based Founders Community Bank earned $189,000 in the first quarter, up 220 percent from the $86,000 it earned in the first quarter a year earlier. The bank also announced plans to open a new Morro Bay branch. Loans and deposits were up during the quarter, with noninterest-bearing deposits climbing by $7 billion, CEO Read More →

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