Banking & Finance

United Security Bank to pay stock dividend April 17

United Security Bancshares, parent company of Fresno-based United Security Bank, has declared a first-quarter stock dividend of one percent payable to shareholders of record on April 6.

Fresno Papa John's franchisee secures $2M loan

Las Vegas-based Dixie Foods International Inc., a growing Valley franchisee of Papa John's pizza restaurants doing business as Preferred Restaurant Brands, has secured a $2 million loan.

City trumpets upbeat financial report

The City of Fresno has completed its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2014 and among the more significant results is the independent auditor’s report, which, for the fist time since 2011, contains no mention of “going concern” in terms of the City’s financial condition.

Central Valley Community Bank names new VP

Patrick CarmanCentral Valley Community Bank has announced the promotion of Patrick J. Carman to executive vice president and chief credit officer for the company. The move is effective April 1. 

Valley Business Bank set to pay cash dividend

Valley Commerce Bancorp, parent of Valley Business Bank, announced a cash dividend of $233,000 for the first quarter of 2015. 

Premier Valley Bank preps cash dividend

Premier Valley Bank's board of directors has announced a cash dividend of eight cents per share.

Fresno’s Security First Bank to merge with SunPac Financial

Security First Bank has announced merger plans with Los Angeles-based SunPac Financial.Fresno-based Security First Bank plans to merge with Los Angeles-based SunPac Financial.

Central Valley Community Bank reports 4Q loss

Central Valley Community Bancorp, parent company of Fresno's Central Valley Community Bank, announced 2014 net income of nearly $5.3 million, down about 35 percent from 2013.

Ford to take over as Fresno bank CEO Feb. 1

Central Valley Community Bank announced that James M. Ford will become president and CEO of the bank and parent company effective Feb. 1.

Fresno First Bank boosts net income in '14

Communities First Financial Corp., the recently formed parent company of Fresno First Bank, announced net income of $2.12 million for 2014 — light years ahead of 2013's income of $26,000.