Tag Archives: Banking Reports

The Inland Empire’s mortgage crisis continues to ease. The rate of foreclosures on outstanding loans in the two-county region fell nearly one percentage point in January compared with January 2013, according to report originally published in The Press-Enterprise. That was below the national foreclosure rate of 1.97 percent during the …

California announced this week that it has reached a settlement with Ocwen Financial and Ocwen Loan Servicing in connecting with Ocwen’s violation of loan servicing laws. The settlement requires $2 billion worth of loan modifications for homeowners whose mortgages are being handled by Ocwen if those mortgages are in default …

Mission Oaks Bancorp. in Temecula will merge with Santa Rosa-based AltaPacific Bancorp. The transaction, announced earlier this week, is an all-cash arrangement worth an estimated $3.5 million, according to a report that was first published by The Press-Enterprise. The transaction is expected to close during the second quarter. AltaPacifica bought …

CVB Financial Corp., the parent company of Ontario-based Citizens Business Bank Arena, have announced record earnings for 2013. Net income for the year was $95.6 million, or 91 cents per diluted share, the highest in CVB Financial’s history, according to the company’s earnings report for the year, which was released …

Altura Credit Union in Riverside reported a net income of nearly $4.2 million during the third quarter. That marked the 10th consecutive quarter that Altura Credit, which has posted $12.7 million in earnings this year, recorded a profitable quarter, according to a report originally published in The Press-Enterprise. Altura Credit …

The parent company of Riverside-based Security Bank of California has entered into an agreement that will provide venture capital to people who are interested in starting high-tech projects. James A. Robinson, chairman and chief executive of Security California Bancorp, called the partnership with Grayhawk Capital an attempt to create jobs …