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Rate hikes will be boon for tri-county banks in 2017

By   /  Friday, January 6th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Rate hikes will be boon for tri-county banks in 2017

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Change bankers’ incentives to get big

By   /  Friday, March 25th, 2016  /  Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Change bankers’ incentives to get big

  By Bill Watkins In popular culture, there are “good” industries and “evil” industries. Oil has held the most hated position of the evil list for generations and is likely to hold it until there is no more oil. Farming, once solidly on the good list, is moving to the evil list because its critics Read More →

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San Francisco Federal Reserve Bank CEO says he’s bullish on U.S. economy at Santa Barbara event

By   /  Friday, January 8th, 2016  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on San Francisco Federal Reserve Bank CEO says he’s bullish on U.S. economy at Santa Barbara event

John Williams, president and CEO of the Federal Reserve Bank of San Francisco, speaks during a California Bankers Association event at the Four Seasons Biltmore in Santa Barbara on Jan. 8. (Alex Kacik)

  All in all, things are looking good for the U.S. economy, Federal Reserve Bank of San Francisco President and CEO John Williams said in Santa Barbara the morning of Jan. 8. Despite China’s market uncertainty and the global volatility, Williams doesn’t expect that to have a major impact on the U.S. economy. He pointed Read More →

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Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

By   /  Wednesday, October 28th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

  American Riviera Bank and The Bank of Santa Barbara shareholders approved the banks’ proposed merger, the institutions announced on Oct. 27. The merger is expected to close by January 2016, pending final regulatory approval. The combined companies, which will go by American Riviera Bank, will have branches in downtown Santa Barbara, Montecito and Goleta Read More →

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Op/ed: Bank of America moral hazard may lead to another financial crisis

By   /  Friday, January 2nd, 2015  /  Op/Eds, Opinion  /  Comments Off on Op/ed: Bank of America moral hazard may lead to another financial crisis

By Steven Mintz How can it be that Bank of America has settled claims in excess of $66 billion for its role in the financial meltdown that spawned the economic recession in 2008 and no top executives have spent any time in jail? How do we explain that regardless of gross violations of ethical standards, Read More →

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Remembering the banking visionary who built SBB&T

By   /  Tuesday, December 23rd, 2014  /  Banking & Finance, Latest news, Top Stories  /  Comments Off on Remembering the banking visionary who built SBB&T

Donald M. Anderson, a Minnesota native whose vision drove Santa Barbara Bank & Trust’s rise to the top of the region’s financial institutions, died earlier this month in Santa Barbara. He was 86.

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Bank Secrecy Act spoils Christmas for merchants who prefer cash

By   /  Friday, November 28th, 2014  /  Op/Eds, Opinion  /  Comments Off on Bank Secrecy Act spoils Christmas for merchants who prefer cash

Sometimes something that starts out with good intention can turn bad. This seems to be what has happened with the Bank Secrecy Act of 1970.

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