North Bay Business Journal

Banking & Finance: Bank of Napa sets milestone; Summit reports $506,000 profit

Bank of Napa reported its first profitable quarter in the bank’s history with a net income in the second quarter of $57,000 compared to the second quarter loss of $136,000 in 2009.

Banking & Finance: Are regulators stifling local bank lending?

‘David suffering for Goliath’s sins;’ also, 2 in top Bauer rank
There are two fewer locally based banks in the North Bay than there were at this time last year.
Tamalpais Bank was shut down by the Federal Deposit Insurance Corp. and purchased by Union Bank. Napa Community Bank, previously under the parent company of Capitol Bancorp Limited of [...]

Bank earnings: Summit, Silicon Valley, AltaPacific

NORTH BAY – Summit State Bank in Santa Rosa reported net income of $540,000 for the first quarter. That is a decrease of $307,000 from the $847,000 reported the same quarter last year.

Summit State declares cash dividend

SANTA ROSA — Summit State Bank reported a quarterly cash dividend of 9 cents per share on the company’s common stock.

Spotlight: Leaders in Commercial Banking

(Listed alphabetically by name)

Banking & Finance: North Coast banks report improved earnings

Westamerica Bancorporation’s fourth-quarter earnings were $58.9 million, up from $49.9 million for the same quarter the year before. Net income for the year was $121 million, a jump from $59.8 million in 2008.

Summit State Bank reports earnings of $2 million for ‘09

SANTA ROSA – Summit State Bank reported a net income of $2.08 million for 2009, a more than 100 percent increase from the $1 million earned the year before.

Bank earnings from around North Bay

NORTH BAY – Many North Bay banks are maintaining strength in their income statements even in the down economy that executives said is extremely challenging.

Banking column: Officials say banks likely to take losses on $19.2 million in Carinalli loans

Banks will likely end up taking losses on a large portion or all of the $19.2 million in unsecured and under-secured loans made to long-time Sonoma County real estate investor Clem Carinalli.

Nine of the 14 financial institutions named in the recent U.S. Bankruptcy Court filings have unsecured loans and three are headquartered locally.

BANKING: Banking veterans in SBA, lending make moves

Also: Ex-Prudential executive joining Redwood Trust Inc.