Tag archives: banks

Privatized Profits and Socialized Losses?
By Robert Bernstein   |   April 4, 2023

The recent failures, negotiated bailouts, and buyouts of Silicon Valley Bank, Signature Bank, First Republic Bank, and Credit Suisse are a reminder of how life is different for different classes of people. “Socialism for the rich and capitalism for the poor” is how Michael Harrington described it in his 1962 book, The Other America. Detroit […]

Montecito Bank & Trust Reports Record Income
By Kelly Mahan Herrick   |   February 15, 2022

Montecito Bank & Trust reported that total assets grew $398.62 million, an increase of 20.41% during the 12-month period, to $2.35 billion for the year ending 12/31/2021. Strong deposit growth of $401.15 million or 23.15% year-over-year, pushed year-end deposit totals to $2.13 billion. Loan growth declined $143.4 million or 10.88% year-over-year due to Payroll Protection […]

Buckle Up
By Montecito Journal   |   February 18, 2021

Interesting concept, as per last week’s lead piece of this newspaper. Having a COVID vaccination czar in Santa Barbara. It would be even worth investigating if it weren’t so hypocritical and so self centered for this particular newspaper to bring the subject matter up. Two weeks ago MJ’s investigative reporter Nicholas Schou pointed out, what […]

Bank Promotes Kaufman
By Kelly Mahan Herrick   |   September 27, 2018

American Riviera Bank has announced that Jason Kaufman has been promoted to the position of service manager at the bank’s Montecito branch. Kaufman has been with American Riviera Bank since October 2016. He previously served as the Client Relationship manager and as a Financial Services representative for the bank at the downtown Santa Barbara office. […]