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Western News

Golden Valley Bank’s President & CEO, Mark Francis, Awarded Community Banker of the Year

April 17 – Golden Valley Bank, headquartered in Chico, Calif., has announced that their president and CEO, Mark Francis, was awarded Community Banker of the Year by Western Independent Banker (WIB). WIB is a trade association that informs, educates and connects community banks to achieve the highest standards of personal and organizational performance. They represent 13 western states in the U.S.: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and U.S. territories.


FHLBank San Francisco Names Lisa Violet Chief Risk Officer

April 3 – The Board of Directors of the Federal Home Loan Bank of San Francisco has appointed Lisa Violet as Senior Vice President and Chief Risk Officer. (more…)

Summit Bank Recognized as a Top Performing Bank

March 31 – Summit Bank (OTC Pink: SBKO) was recently named as one of the top performing community banks in the Country, in the report released from S&P Global Market Intelligence. The report ranked all community banks under 1 billion in assets. Summit Bank ranked number 78, which put the Bank in the top 2% of the nearly 4,600 community banks headquartered across the Country. Summit was also the highest rated of the three community banks headquartered in the Northwest to make the list.


Western Independent Bankers Announce 2017 Community Bank and Banker of the Year Recipients

March 31 – Western Independent Bankers (WIB) has announced recipients of the 2017 Community Bank and Community Banker awards to Montecito Bank & Trust (MB&T) and Mark Francis, President and CEO of Golden Valley Bank, respectively. The announcement was made in front of hundreds of attendees at WIB’s Annual Conference for Bank Presidents, Senior Officers, and Directors. Award recipients were honored for their enduring impact on local communities, exceptional bank performance, and demonstrated industry innovation.


LendingPoint Partners with FinWise Bank to Give More Credit Access to Customers Nationwide

March 7 – LendingPoint, the company working to revolutionize access to credit, has announced a partnership with FinWise Bank that allows the company to offer its full suite of loan products to customers nationwide.


West Coast Small-Business Owners Optimistic About National Economy

February 24 – Small-business owners are significantly more confident about the national economy compared to January 2016, according to results from the Union Bank annual Small Business Economic Survey. The 18th annual survey also found that hiring is on the rise, with more business owners planning to offer permanent full-time positions in 2017 while interest in contractors and temporary positions wanes.


CIT Provides Grant to Junior Achievement of Southern California to Fund Programs for Youth

February 14 – CIT Bank, N.A., (Member FDIC, Equal Housing Lender), and its Southern California retail bank division OneWest Bank, have provided a $100,000 grant to Junior Achievement (JA) of Southern California to support their mission to inspire and empower over 70,000 young people through financial literacy, workforce readiness and entrepreneurship education; all concepts that are reinforced through JA ‘s volunteer mentors, including employees from CIT, who lead students through JA Classroom programs, JA Job Shadow and JA Finance Park.


Wells Fargo Announces New Structure for Its International Business

January 23 – Seeking to better align its international banking services with the customers they serve, Wells Fargo & Company has announced that its International Group will be integrated into other Wholesale Banking business lines, enhancing how they serve middle market, corporate and financial institution customers doing business globally.


Community Bank Invests in Clearinghouse CDFI to Benefit Distressed Communities Throughout California

January 16 – Community Bank recently added a $700,000 equity investment in Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) Class A stock. This is Community Bank’s second investment in Clearinghouse CDFI which enhances Clearinghouse CDFI’s ability to address unmet credit needs in distressed areas throughout California.


Mechanics Bank Opens New State-of-the-Art Branch at Richmond’s Hilltop Mall

January 16 – Mechanics Bank has opened a new, state-of-the-art branch at Hilltop Mall in Richmond, Calif. “This new branch ushers in a new era for us in Richmond, and embodies our continued commitment to this community,” says Rauly Butler, Mechanics Bank Executive Vice President, and head of Retail Banking.


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