California Bank & Trust to Close Madera Branch

Bank News Articles

California Bank & Trust to Close Madera Branch

Friday, February 4th, 2011 | Comments Off

In an effort to cut costs, California Bank & Trust will close its Madera branch near the end of April. This news, while not great, is better than hearing that the FDIC closed it.

California Bank of Commerce Turns a Profit in 2010

Tuesday, February 1st, 2011 | Comments Off

San Francisco Bay Area-based California Bank of Commerce, a bank which targets closely held businesses, today reported net income of $3.4 million for the full year-ended December 31, 2010, including a tax loss carry forward of $3.0 million, compared to a start-up related Loss of ($1.5 million) for the full year-ended December 31, 2009.

Troubled California Bank Sued By FDIC for Doling Out Risky Loans

Thursday, January 27th, 2011 | Comments Off

Redlands, California-based First Centennial Bank is under scrutiny as some of the bank’s former officers and directors are being sued by the FDIC for negligence.

San Francisco Fed, First California Financial Terminate Agreement

Tuesday, January 25th, 2011 | Comments Off

Those with stock invested in First California Financial Group should take note:

First California Financial Group, Inc. the holding company of First California Bank, has canceled the informal agreement with the Federal Reserve Bank of San Francisco, which commenced on February 1, 2010.

Comerica’s Economic Activity Index for CA Unpromising

Monday, January 24th, 2011 | Comments Off

Comerica Bank’s California Economic Activity Index was flat in November, unchanged at a level of 105. Up to this year, the Index has averaged a level of 104, up five points from the average for all of 2009. October’s reading was revised from 104 to a level of 105.

Bank of America Posts Second Straight Loss in Fourth Quarter

Friday, January 21st, 2011 | Comments Off

The woes just keep coming for the nation’s largest bank, Bank of America.

California General, Professional Business Banks Finish Merger

Tuesday, January 11th, 2011 | Comments Off

Pasadena, CA commercial bank giants Professional Business Bank and California General Bank have completed their merger as of December 31, 2010. Both of the bank’s constituencies of shareholders and regulatory authorities approved of the merger.

BofA Prepares for Wikileaks By Buying Websites

Monday, December 27th, 2010 | Comments Off

Before his arrest, Julian Assange of Wikileaks anounced that he would release documents of a large American bank, and the publication of those documents revealing how the top powers of a bank think would rival the Enron expose. Presumeably, that bank is Bank of America, and it seems the bank is getting ready for the […]

Obama Tax Cuts Cause Stiff Treasury Selloff

Wednesday, December 8th, 2010 | Comments Off

President Obama’s tax-cut agreement with House Republicans has led to the second day of widespread drops in Treasury bond and note prices. Fearing that the plan will create deeper budget deficits and raise interest rates, bond prices have plummeted. The yields on Treasury bonds and notes jumped as their prices fell. The 10-year T-note yield […]

Citibank Has Over 28000 ATMs Across the US

Thursday, December 2nd, 2010 | Comments Off

One of my banking accounts is at Citibank, and I was surprised to realize just how many ATMs they have across the US. This can make your banking experience very easy and convenient. Did you know that Citibank has over 28,000 ATMs nationwide? There are over 3,200 ATMs at more than 1,000 Citi branches. There are […]

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