Thursday , March 28 2024
Breaking News

Banking Reports

Bank Reports Solid Quarter

High Desert Economy Gets a Good Grade, for the Most Part

Alta Pacific Bancorp., the parent company of AltaPacific Bank, has reported a net income of $1.1 million, or 19 cents per share, for the second quarter. During the first six months of the year, the financial institution – which has a strong presence in the Inland Empire – reported a …

Read More »

Inland Empire Bank Posts Dividend

Citizens Business Bank

CVB Financial Corp., the holding company for Ontario-based Citizens Business Bank, reported a 12-cent per-share cash dividend during the second quarter. The dividend, which was approved by the board of directors this week, will be payable during the middle of next month, according to a statement released Wednesday. CVB Financial …

Read More »

Inland Empire Credit Unions Keep Growing

Inland Empire credit unions are gaining in popularity

Inland Empire credit unions kept flexing their muscle during the first quarter of this year. The region’s 23 credit unions increased their membership by 13 percent – to 336,000 members – during that time compared with the first quarter of 2015, according to data released Monday by the California and …

Read More »

Long-Time Inland Empire Banker Decides to Change Careers

Eugene E. Valdez

Gene Valdez left Citizens Business Bank to start a company that coaches CEO’s on how to start or improve their business. It’s an unusual move for someone who’s been in banking for 30 years, but Valdez said it’s what he needs to do. Most people would never dream of walking …

Read More »

Cash Flow Options When Collateral is Tied Up

Solve Capital Group

For creditworthy business owners, a Small Business Administration (SBA) 504c loan or SBA 7-a loan is typically the first go-to solution when working capital is needed. Alternatively or additionally, one might apply for a line of credit. These are great secured financing tools to help businesses get working capital – …

Read More »

Altura CEO to Step Down

Mark Hawkins

Mark Hawkins, president and chief executive officer of Altura Credit Union, is retiring. Hawkins will step down Feb. 17 after the board of directors selects his replacement, according to a statement posted on Altura’s website. Under Hawkins’ 29 years of leadership, Altura became the largest credit union based in the …

Read More »