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Los Robles Bancorp

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CALIFORNIA | LOCAL
July 27, 1999
Los Robles Bancorp reported record net income for the third quarter, which ended June 30, of $885,000, compared with $676,000 for the same period last year. Assets of the Thousand Oaks bank as of June 30 were $153.3 million, an increase of $24.1 million from a year ago. Total deposits increased to $139.4 million.
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CALIFORNIA | LOCAL
July 11, 2000 | RODNEY BOSCH
Pacific Capital Bancorp in Santa Barbara completed its $32.5-million acquisition of Los Robles Bancorp on June 30. Los Robles Bancorp is the parent company of Los Robles Bank, which operates banking offices in Thousand Oaks, Westlake Village and Camarillo and has loan production offices in Thousand Oaks and Orange County. Pacific Capital Bancorp, with $3.5 billion in assets, is now a 40-office community-banking network serving customers in six Central Coast counties.
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BUSINESS
March 24, 2000 | Bloomberg News
Pacific Capital Bancorp, the holding company for Santa Barbara Bank & Trust, said it agreed to buy Los Robles Bancorp in a cash deal of $32.5 million, or $23.12 a share, to expand into the suburban Los Angeles market. Los Robles has $149 million in assets, three banking offices in Thousand Oaks, Westlake Village and Camarillo and two loan offices. Santa Barbara-based Pacific Capital, which is also the holding company for First National Bank of Central California, had assets of $2.
BUSINESS
March 24, 2000 | Bloomberg News
Pacific Capital Bancorp, the holding company for Santa Barbara Bank & Trust, said it agreed to buy Los Robles Bancorp in a cash deal of $32.5 million, or $23.12 a share, to expand into the suburban Los Angeles market. Los Robles has $149 million in assets, three banking offices in Thousand Oaks, Westlake Village and Camarillo and two loan offices. Santa Barbara-based Pacific Capital, which is also the holding company for First National Bank of Central California, had assets of $2.
BUSINESS
August 12, 1997 | BARBARA MURPHY
Los Robles Bancorp reported that earnings more than doubled in the second quarter this year over last year's record financial performance. Net income for the quarter that ended June 30 was $289,000 or 54 cents a share, compared with $129,000 or 24 cents a share a year earlier. "We are continuing to experience the long-term benefits of the loyalty of the business and professional community from our decision 10 years ago to specialize in . . .
BUSINESS
December 2, 1997 | LEO SMITH, TIMES STAFF WRITER
Shareholders of Los Robles Bancorp, parent company of Los Robles Bank of Thousand Oaks, are scheduled to get a New Year's gift from their favorite financial institution. The company's board of directors has approved a two-for-one stock split, to be distributed Dec. 29 to shareholders of record as of Dec. 5. The split is a result, in part, of a jump in the stock price from about $16 at the start of 1997 to a current $25.
CALIFORNIA | LOCAL
July 11, 2000 | RODNEY BOSCH
Pacific Capital Bancorp in Santa Barbara completed its $32.5-million acquisition of Los Robles Bancorp on June 30. Los Robles Bancorp is the parent company of Los Robles Bank, which operates banking offices in Thousand Oaks, Westlake Village and Camarillo and has loan production offices in Thousand Oaks and Orange County. Pacific Capital Bancorp, with $3.5 billion in assets, is now a 40-office community-banking network serving customers in six Central Coast counties.
BUSINESS
October 27, 1998 | BARBARA MURPHY
Los Robles Bancorp and its subsidiary, Los Robles Bank, announced that for the first time in their 12-year history, net income exceeded the $1-million mark by the end of the third quarter. Net income for the nine months that ended Sept. 30 was $1.04 million or 85 cents per share, compared with $897,000 or 75 cents per share for the same period last year. Bank officials said the 16.4% boost in earnings came because of an increase in total loans and growth of core earnings.
BUSINESS
January 23, 1996 | JACK SEARLES
Two of Ventura County's independent banks have reported record profits for 1995. Simi Valley Bank said its net income for the year was $1.3 million, compared with $503,602 the previous year. "Although the economic situation is somewhat unsettled, we are looking forward to another profitable year in 1996," said Tony Palmer, president and chief executive. In Thousand Oaks, Los Robles Bank said it netted $594,000, or 49 cents a share, last year, compared with $452,000, or 44 cents a share, in 1994.
BUSINESS
July 23, 1996 | BARBARA MURPHY
Los Robles Bancorp reported that the net income of its wholly owned subsidiary, Los Robles Bank, was $281,000 for the six months that ended June 30, reflecting a significant increase in assets, loans and deposits. The figure represented a 6.8% increase over last year's record six-month net earnings of $263,000. Assets of Los Robles Bank as of June 30 were $87.5 million, up 22.4% from a year ago. Loans grew by 32.5% to $48.8 million and total deposits increased to $79.7 million or 25.
CALIFORNIA | LOCAL
July 27, 1999
Los Robles Bancorp reported record net income for the third quarter, which ended June 30, of $885,000, compared with $676,000 for the same period last year. Assets of the Thousand Oaks bank as of June 30 were $153.3 million, an increase of $24.1 million from a year ago. Total deposits increased to $139.4 million.
BUSINESS
October 27, 1998 | BARBARA MURPHY
Los Robles Bancorp and its subsidiary, Los Robles Bank, announced that for the first time in their 12-year history, net income exceeded the $1-million mark by the end of the third quarter. Net income for the nine months that ended Sept. 30 was $1.04 million or 85 cents per share, compared with $897,000 or 75 cents per share for the same period last year. Bank officials said the 16.4% boost in earnings came because of an increase in total loans and growth of core earnings.
BUSINESS
December 2, 1997 | LEO SMITH, TIMES STAFF WRITER
Shareholders of Los Robles Bancorp, parent company of Los Robles Bank of Thousand Oaks, are scheduled to get a New Year's gift from their favorite financial institution. The company's board of directors has approved a two-for-one stock split, to be distributed Dec. 29 to shareholders of record as of Dec. 5. The split is a result, in part, of a jump in the stock price from about $16 at the start of 1997 to a current $25.
BUSINESS
August 12, 1997 | BARBARA MURPHY
Los Robles Bancorp reported that earnings more than doubled in the second quarter this year over last year's record financial performance. Net income for the quarter that ended June 30 was $289,000 or 54 cents a share, compared with $129,000 or 24 cents a share a year earlier. "We are continuing to experience the long-term benefits of the loyalty of the business and professional community from our decision 10 years ago to specialize in . . .
BUSINESS
February 4, 1997 | BARBARA MURPHY
Los Robles Bancorp reported the net income of its wholly owned subsidiary, Los Robles Bank, at a record-setting $712,000 for calendar year 1996. This represented a $118,000 increase over the previous year's earnings record of $594,000. "We have greatly benefited during 1996 from a strong business development program, an improving economy and important competitive changes as a result of a high level of merger activity," said Robert B. Hamilton, bank president and CEO.
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