Banking & Finance

Security First Bank doubles Q3 income

Security First BankSecurity First Bank reported a 100-percent increase in net income during the third quarter and regulators lifted the bank’s consent order.

Porterville bank named minority serving institution

Finance and Thrift announced its designation as a Minority Depository Institution by the Federal Deposit Insurance Corporation.

Bank of the Sierra doubles quarterly earnings

Bank of the SierraSierra Bancorp, the parent company of Bank of the Sierra, more than doubled its earnings in the third quarter compared to the same period the year before.

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.