Banking & Finance

Premier Valley Bank boosts earnings

Premier Valley BankPremier Valley Bank’s earnings increased 65.1 percent for the third quarter and 8.6 percent for the year to date, compared to the same time last year.

CVCB reports Q3 bump in income

Central Valley Community BankCentral Valley Community Bancorp reported a 20.9 percent increase in third quarter net income and a 2.7 percent increase in the year-to-date income through nine months compared to the previous year.

Seminar targets youth financial education

Fresno Mayor Ashley SwearenginThanks in large part to a donation given by Bank of the Sierra, United Way of Fresno County and other Fresno organizations provided a financial education seminar on Friday to Fresno County youth and young adults.

Fresno First Bank reports bright Q3

Fresno First BankAfter a rocky start to 2013, Fresno First Bank reported Monday a 61-percent increase in net income compared to the same period in 2012.

Farm credit associations merge

The board of directors of Chico-based Northern California Farm Credit and the Federal Land Bank Association of Kingsburg have announced the merger of the two associations to form Golden State Farm Credit effective Jan. 1, 2014, subject to final approval by the Farm Credit Administration.

Housing Authority receives line of credit

The Fresno Housing Authority plans to utilize a line of credit to maintain its programs in the event that Congress fails to pass a budget plan or continuing resolution prior to October 1 and a government shutdown ensues.

United Security Bank to pay dividend

United Security Bancshares declared a 1 percent quarterly dividend on Monday.The United Security Bancshares board of directors declared a 1 percent quarterly dividend on Monday for the third quarter of 2013.

Local bankers note growth of Bitcoin digital currency

Local bankers believe Bitcoin will make a huge splash in the financial industry, at least in the short term.Once considered a novelty trend for tech nerds, Bitcoin has caused enough of a stir in the financial world to require a formal meeting with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) last month.

Valley banks rated healthy in Q2

Several Valley banks were rated high for financial stability in the second quarter of the year by bank rating and research firm Bauer Financial.

Wells Fargo reopens branch at Fig Garden Village

Wells Fargo's opened its relocated branch over the weekend in Fresno's Fig Garden Village.