Tag Archives: Banking Reports

Flagstar Bancorp Inc. has agreed to buy eight branch offices of Desert Community Bank in San Bernardino County. Cost of the transaction was not disclosed, but the eight branch offices combined have an estimated $600 million in deposits and $70 million in loans, according to a statement. The purchase, which …

Ontario-based CVB Financial Corp., the parent company of Citizens Business Bank, had a net income of $29.7 million for the third quarter. That was an increase of $1.3 million compared with the second quarter and a $4.2 million increase year-over-year, according to the company’s third quarter report. Earnings per share …

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, …

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 …

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 …

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. …