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Tag Archives: banking

Bank acquisition announced

Security Bank Takes Over Inland Empire Bank

Riverside-based Security Bank of California has agreed to buy a branch of Rabobank N.A. in Murrieta. Security Bank will acquire about $53 million in deposits, according to statement issued Wednesday by Security Bank. The branch is located at 40723 Murrieta Hot Springs Road. The purchase, which is expected to be …

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IE leads state in small business loans

Inland Empire Business News November, 2014.002

For the moment, the Inland Empire might be the king of small business in California. Financing of commercial real estate purchases using the U.S. Small Business Administration’s 504 Loan Program rose 20 percent in the two-county region, according to CDC Small Business Finance in San Diego. The Inland region was …

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Logistics conference is scheduled

Inland Empire Business News June 4th, 2014.002

For the first time, the annual Southern California Logistics Summit will be held in Los Angeles County. This year’s event is scheduled to be held April 23 at Fairplex in Pomona, said Jack Katzanek, spokesman for the Inland Empire Economic Partnership, the Inland region’s largest economic development agency. The San …

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Bank merger completed

Inland Empire Braces for Shopping Season.002

Citizens Business Bank’s merger with American Security Bank is now official. The acquisition, which was first announced in February, was concluded last Thursday after all regulatory approvals were completed, according to a Citizens Business Bank statement. “The merger with American Security Bank is an exciting opportunity for Citizens Business Bank …

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CVB Financial has strong quarter

Inland Empire Business News April 5th.003

CVB Financial Corp. reported record first-quarter earnings this year. The parent company of Ontario-based Citizens Business Bank recorded a net income of $28.7 million for the quarter that ended March 31, up from $21.6 million for the first quarter of 2013, according to a statement released Wednesday. That was a …

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New leadership for CVB Financial

Inland Empire Braces for Shopping Season.002

Ronald O. Kruse has stepped down as chairman of CVB Financial Corp., the holding company for Citizens Business Bank. Kruse announced his retirement Wednesday, effective immediately. He will also resign his place on CVB Financial’s Board of Directors at the conclusion of the company’s annual shareholder’s meeting May 22, according …

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