January 11, 1994 |
Eight Ventura County bank branches are about to be closed due to consolidations, throwing as many as 100 employees out of work. In one of the moves, Chatsworth-based Great Western Bank will shut down offices of HomeFed Bank in Westlake Village, Ventura, Camarillo and Simi Valley. The closures will take place in February.
November 11, 1994 |
First Interstate Bank, trying to digest its August purchase of Bank of A. Levy in Ventura County, said Thursday that it will close six branch offices in the county, eliminate up to 100 jobs and sell Levy's headquarters building in the city of Ventura. The two banks combined now have 25 offices and employ about 350 people in Ventura County.
October 28, 1997 |
Bank of Ventura recorded a third-quarter earnings increase of 59% before taxes over the same period in 1996. For the nine months ended Sept. 30, the bank reported that after-tax earnings rose 15% over the same period a year ago. The bank also reported an asset growth increase of 13%, as compared to the first nine months of 1996. "We're proud to report another quarter of strong performance for the bank," said Joseph D. Kreutz, president and chief executive officer.
May 19, 1992 |
Major banks and thrifts in the San Fernando Valley and Ventura County generally showed improved financial results during the first three months of 1992. But there were some notable exceptions, and most continued to be hurt by sluggish lending and losses in real estate.
August 3, 1993 |
The statewide economic downturn, now in its fourth year, and sagging property values in the San Fernando Valley and Ventura County continued to take their toll on local banks and savings and loans in the quarter that ended June 30. Three of the area's eight largest financial institutions, as ranked by total assets, posted losses for the period, including Levy Bancorp, Ventura County National Bancorp and Glenfed Inc. Two others--American Pacific State Bank and Great Western Financial Corp.
May 18, 1993 |
After taking a pounding in 1992, the region's banking industry continued its sluggish pace in the first quarter as six of the eight largest banks and savings and loans based in the San Fernando Valley and Ventura County saw losses or lower earnings. Among the financial institutions hurt the most were the two big banks in Ventura County, where pressure from real estate losses is mounting. At Ventura County National Bancorp, longtime chief executive William E.