Montecito Bank & Trust loans grew but net income down for first quarter
Montecito Bank & Trust reported total assets of $1.3 billion in an April 27 statement. Loans grew to $722 million for the first quarter of 2016, up 1.5 percent from the previous quarter and 12 percent year-over-year. Net income for the bank was $3.6 million, a decline from first quarter earnings of $3.8 million in Read More →
Read More →U.S. unlikely to experience negative interest rates
Story updated at 10:30 a.m.: The U.S. is unlikely to experience negative interest rates, Federal Reserve Bank of St. Louis President and CEO James Bullard said at the UC Santa Barbara Economic Summit at the Granada Theater on May 5. He said U.S. labor market strength justifies the Fed’s vision of gradually rising rates and Read More →
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Santa Barbara’s AutoCamp expanding to Russian River
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Read More →Strong dollar takes toll on tri-county exports
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Read More →Cruise ships bolster Santa Barbara economy
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Read More →Exchange rate volatility not hurting tourism in Tri-Counties
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Read More →Dubroff: Changes in media landscape will impact Tri-Counties
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