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Ventura County Business Bank

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CALIFORNIA | LOCAL
January 3, 2003 | From Times Staff Reports
Ventura County Business Bank has completed its initial public offering of company stock, raising 10% more than it had hoped. Gerald J. Lukiewski, president and chief executive of the county's newest independent bank, said the organizers must apply with bank regulators to accept all $11 million raised. The state Department of Financial Institutions had authorized the sale of only 800,000 to 1 million shares at $10 each.
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CALIFORNIA | LOCAL
October 5, 2002 | GREGORY W. GRIGGS, TIMES STAFF WRITER
Two local bank presidents who worked themselves out of their jobs have joined with area business leaders to form Ventura County Business Bank. State regulators gave preliminary approval Friday to the charter for the Oxnard-based bank, whose executives plan to open a branch in the Thousand Oaks area. Ventura County Business Bank, which expects to open early next year, will target small- to medium-sized businesses with annual sales of up to $15 million.
CALIFORNIA | LOCAL
March 3, 2003 | Gregory W. Griggs, Times Staff Writer
The first of two independent banks targeting local businesses has opened its doors in Ventura County, and the second plans its launch within the next two months. County Commerce Bank, which opened Feb. 18, already has several hundred accounts with deposits totaling more than $2 million, said Joseph D. Kreutz, president and chief executive. "We have more than $7 million in loans in the pipeline in the first four days. That's pretty amazing," Kreutz said.
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