Banking Reports

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, …

CVB Financial Corp., the parent company of Citizens Business Bank, had record earnings last year. The Ontario-based financial institution reported a net income of $104 million last year, up from a net income of $95.6 million in 2013, an increase of about ten percent, according to a statement. Earnings per …

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 …