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Tag Archives: banking

Bank posts solid income gain

Inland Empire Braces for Shopping Season.002

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 …

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IE bank posts solid quarter

Security Bank Takes Over Inland Empire Bank

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 …

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Bank acquisition announced

Security Bank Takes Over Inland Empire Bank

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 …

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IE leads state in small business loans

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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 …

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Logistics conference is scheduled

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For the first time, the annual Southern California Logistics Summit will be held in Los Angeles County. This year’s event is scheduled to be held April 23 at Fairplex in Pomona, said Jack Katzanek, spokesman for the Inland Empire Economic Partnership, the Inland region’s largest economic development agency. The San …

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Bank merger completed

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Citizens Business Bank’s merger with American Security Bank is now official. The acquisition, which was first announced in February, was concluded last Thursday after all regulatory approvals were completed, according to a Citizens Business Bank statement. “The merger with American Security Bank is an exciting opportunity for Citizens Business Bank …

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