Banking Reports

The Bank of America Charitable Foundation distributed $227,500 in grants to nonprofit charities in the Inland Empire. The grants, which are distributed every year immediately before the holidays, are meant to help pay for basic needs like food, shelter and clothing, said Cathy Paredes, vice president of Enterprise Business and …

Riverside-based Altura Credit Union has reported a net income of $1.6 million and total assets of $1.1 billion for the third quarter of this year. The report is Altura’s first quarterly data since its merger with Visterra Credit Union became official August 1, so these results can’t be compared with …

Credit Unions have a long way to go to catch up with traditional banks, but local credit unions are starting to make inroads in the mortgage market, an area that for years they barely touched. The Inland Empire housing market is making a comeback, with sales and prices both on …

CVB Financial Corp. enjoyed a strong third quarter, with net earnings and diluted shares at near-record levels. The Ontario-based financial institution, the holding company of Citizens Business Bank, reported earnings of $27.9 million for quarter that ended Sept. 30, according to the company’s third quarter report, which was released Wednesday. …

Ontario-based Citizens Business Bank is making a strong move into Ventura County. CVB Financial Corp., the bank’s holding company, and County Commerce Bank in Oxnard have merged, according to a statement released Wednesday by both financial institutions. Under the agreement County Commerce Bank will merge into Citizens Business Bank. CVB …

Security California Bancorp, holding company of Security Bank of California in Riverside, has been sold. Irvine-based Pacific Premier Bancorp Inc. announced last week that it has reached an agreement to buy Security Bank for an undisclosed sum, according to a statement. Security Bank, a state-chartered financial institution, had $733.6 million …