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Banking Reports

Bank reports strong year so far

AltaPacific Bank

AltaPacific Bancorp has reported $3.7 million in net income for the first nine months of this year and $1.3 million for the third quarter. That worked out to 63 cents and 23 cents per share, respectively, according to the quarterly report the bank released Monday. AltaPacific’s total assets were $431.1 …

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Inland Empire credit unions add membership

More than 18,400 consumers joined an Inland Empire-based credit during the year that ended June 30, a move percent year-over-year increase, according to a report by the California Credit Union League. At the end of the second quarter, total credit union membership in Riverside and San Bernardino counties exceeded 366,000 …

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CVB Financial to announce third quarter results

Ontario-based CVB Financial Corp. will release its third-quarter financial results Oct. 24. The following day, management will hold a conference call at 7:30 a.m Pacific Daylight Time to discuss those results, according to a statement. The conference call, which can be reached by calling (877) 506-3368, will be simulcast on …

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Bank gives out development grants in IE

Bank of America has donated $267,500 in economic development grants among 20 Inland Empire based nonprofits. The donations will help local businesses and improve community development throughout Riverside and San Bernardino counties, according to a statement. Typically, nonprofits that receive the grants provide services like assisting affordable housing, small business …

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LA bank opens IE loan office

American Business Bank has opened a loan production office in Corona. Five people are working out of the office at 1250 Corona Pointe Court, said Karen Schoenbaum, the company’s chief financial officer. Riverside County has been a lucrative market for American Business Bank since the Los Angeles-based financial institution opened …

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Bank merger is official

The merger of CVB Financial Corp. in Ontario and Pasadena-based Community Bank has been completed. First announced in February, the transaction became official late Friday afternoon, according to a statement released by both financial entities. Value of the deal is approximately $903 million. The agreement joins Citizens Business Bank, a …

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