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By Marlize van Romburgh / Monday, January 3rd, 2011 / Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on Cal Oaks merger closes
Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
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By Staff Report / Friday, December 17th, 2010 / Latest news, Technology / Comments Off on Citrix Online to buy European firm
Citrix Online said on Dec. 17 that it has agreed to buy Netviewer, a private German firm that offers similar products
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By Staff Report / Wednesday, November 24th, 2010 / Banking Industry, Latest news / Comments Off on Cal Oaks merger gets federal OK
Thousand Oaks-based California Oaks State Bank and Encinco-based California United Bank said Nov. 24 that they’ve received the green light from federal banking regulators to complete their proposed acquisition deal.
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By Staff Report / Saturday, November 6th, 2010 / Latest news / Comments Off on First California acquires failed Woodland Hills bank
[Editor’s note: This story has been corrected. Scroll down to the bottom for the update.] Westlake Village-based First California Financial Group acquired the assets of Western Commercial Bank on Nov. 5 after federal regulators shut down the Woodland Hills-based institution. First California will pay the Federal Deposit Insurance Corp. a half percent premium to assume Read More →
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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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