Banking Reports

Credit unions raised their profile in the Inland Empire during the past year. The 25 credit unions based in the Inland Empire issued approximately $1.2 billion in loans during the one-year period that ended March 31, according to data released recently by the California Credit Union League. That was a …

Altura Credit Union enjoyed a solid first quarter, a three-month period highlighted by the reopening of one of its main branch offices. The Riverside-based financial institution reported net income of $2.3 million and assets of nearly $800 million during the first three months of this year, according to the company’s …

Provident Savings Bank reported a positive third quarter this week. The Riverside-based bank reported a net income of $2.6 million for the quarter, with cash dividends of 12 cents per share to be paid to its stockholders, according to a company statement. That’s an 86 percent increase compared with Provident …

Riverside-based Security Bank of California reported solid earnings growth during the first quarter of this year. Security Bank had a net income of $1.2 million during the quarter, a 19 percent gain compared with the first quarter of 2014, according to a statement released Tuesday by Security California Bancorp, the …

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 …

Altura Credit Union and Visterra Credit Union are planning to merge. Both Inland Empire-based financial institutions announced their plans Thursday, according to a report in The Press-Enterprise. If approved, the merger could be completed by July 1. The new company, Altura Credit Union, would be worth an estimated $1 billion, …