Banking & Finance

Citibank closing seven Central Valley locations

Citibank has announced plans to close several Central Valley branches.Citibank, the nation’s No. 3 bank with assets nearing $2 trillion, plans to close nine Central California branches in the next few months in an effort to concentrate efforts in large urban areas.

Fresno First Bank parent upgrades OTC platform

Communities First Financial Corp., the newly formed parent company of Fresno First Bank, announced it has upgraded its over-the-counter trading market with a move to the OTCQX.

Premier Valley Bank's quarterly dividend rises

Premier Valley Bank announced that its quarterly cash dividend payable to shareholders of record on Dec. 29 will increase 14 percent compared to last quarter.

United Security Bank to issue Q4 dividend

United Security BankUnited Security Bancshares, parent company of United Security Bank in Fresno, announced it will issue a 4th quarter stock dividend of 1 percent to shareholders.

EECU's Dooley named to Federal Reserve council

Elizabeth DooleyElizabeth Dooley, CEO of Educational Employees Credit Union of Fresno, was appointed as the newest member of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council (CDIAC).

Bauer gives Valley banks healthy rating in Q3

Bank rating and research firm Bauer Financial released its latest assessment of banks and credit unions for the third quarter, showing several Valley institutions in good standing.

Visalia bank announces Q4 dividend

Valley Commerce Bancorp, parent company of Valley Business Bank of Visalia, announced an eight-cent cash dividend to its shareholders for the fourth quarter.

Fresno bank declares Q3 dividend

Central Valley Community Bancorp, parent company of Central Valley Community Bank of Fresno, announced a regular quarterly cash dividend of 5 cents per share.

Bank beefs up cyber security as threat rises

In the wake of a high-profile security breach, Fresno’s United Security Bank has adopted tighter security measures in hopes of protecting customers.

Fresno First Bank completes formation of holding company

Fresno First Bank has completed the formation of its holding company, called Communities First Financial Corp.