Tuesday , June 18 2024

Banking Reports

Credit Union Reports Growth

Inland Empire credit unions are gaining in popularity

Altura Credit Union reported net income of $2.6 million during the second quarter of this year, up from $2.1 million compared with the second quarter of 2015. During the first half of this year, the Riverside-based financial institution had a net income of $5.87 million, according to the company’s second …

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Second Quarter is a Mixed-Bag for CVB Financial

Citizens Business Bank

Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, has reported second quarter net income of $25.5 million. That represented an increase of $2.1 million compared with the first quarter of 2016 but a decrease of $1.3 million year-over-year, according to a statement released Wednesday. Earnings per share …

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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 …

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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 …

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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 …

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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 …

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