Banking & Finance

United Security Bank pays $350K to settle lawsuit

Fresno-based United Security Bank has reached a $350,000 settlement with a Bakersfield-area company stemming from a 2011 cyber fraud incident.

Valley banks receive healthy ratings in Q1

A recent assessment by bank rating and research firm Bauer Financial showed several community banks and credit unions maintaining their fiscal soundness in the first quarter of the year.

Premier Valley Bank to buy back $3M in stock

Premier Valley Bank of Fresno announced its has adopted a plan to repurchase $3 million in company stock.

Premier Valley Bank declares cash dividend

Fresno-based Premier Valley Bank announced a cash dividend of 7 cents per share, payable to shareholders of record on June 2.

CVCB declares quarterly cash dividend

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

Security First Bank announces stock dividend

Security First Bank of Fresno has announced a 5-percent stock dividend.

Fresno bank opens Sacramento, Bakersfield offices

Fresno First Bank is making it first foray outside of its home city with two new loan production offices in Sacramento and Bakersfield.

USI Insurance acquires Fresno Wells Fargo office

The Fresno location of Wells Fargo Insurance Services was one of 40 acquired in a deal by USI Insurance Services of New York.

Valley Commerce Bancorp announces Q1 dividend

Valley Commerce Bancorp, parent company of Valley Business Bank of Visalia, announced it will issue an eight-cent cash dividend to its shareholders.

Fresno's student-run bank inspires two more in L.A.

Union Bank opened the first bank branch run by students at McLane High School in 2011.The success of the student-run Union Bank branch at McLane High School in Fresno has inspired the bank to open up two similar branches in the Los Angeles area.