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Banking Reports

Alta Pacific posts solid quarter

AltaPacific Bank

Alta Pacific Bancorp has announced an income of nearly $3.9 billion, or 54 cents per share, for the first nine months of this year. The financial institution, the parent company of Alta Pacific Bank, had a net income of $875,000 – 13 cents per share – for the third quarter, …

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Local credit union named a good place to work

Altura Credit Union in Riverside has been named one of the best credit unions to work for in the United States by a leading trade publication. Credit Union Journal ranked Altura one of top 45 employer-friendly credit unions nationally, and 12th among credit unions with more than $1 billion in …

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Bank of America helps local nonprofits

Bank Helps Inland Empire Charities

Twenty-six nonprofit agencies in the Inland Empire have been given a boost by the Bank of America. The organizations, which address a number of economic development issues in Riverside and San Bernardino counties, collectively received $282,500 in economic mobility grants, according to a statement released Tuesday. The grants, which are …

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CVB Financial posts another dividend

CVB Financial Corp. has announced a cash dividend of 14 cents per share for the third quarter of this year. The Ontario-based financial institution has now paid a dividend to its shareholders for 112 consecutive quarters, said Christopher D. Myers, CVB Financial’s president and chief executive officer, in a statement. …

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Local credit unions pump out auto loans

Auto loans help local credit union growth

Inland Empire credit union members took out loans for new and used automobiles at a solid pace during the second quarter. Loans for new vehicles during that period totaled $446 million, a figure not reached in the Inland region since 2006, according to data released Friday by the Ontario-based California …

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Loans for small business rise in IE

Local CDC Promises Personalized Business Loan Services

Small businesses in the Inland Empire are apparently looking to upgrade. SBA 504 loans were up 31 percent year-over-year in Riverside and San Bernardino counties for the nine-month period that ended June  30, said Larry Nuffer, spokesman for CDC Small Business Finance in San Diego. Small businesses in the two-county …

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