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Eberhardt II named Bank of Stockton’s new president
Douglass Eberhardt II STOCKTON — Douglass M. Eberhardt II has been named president of the Bank of Stockton and its holding company, 1867 Western Financial Corporation, the bank’s CEO Douglass M....
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Financial Center Credit Union ranked 13th in nation
Financial Center Credit Union’s sixth branch is under construction. STOCKTON — DepositAccounts.com has ranked Stockton-based Financial Center Credit Union as the 13th healthiest credit unions in the...
View ArticleCommunity Business Bank ranks sixth among healthiest banks
WEST SACRAMENTO — Community Business Bank, with locations in Lodi and West Sacramento, ranked sixth among op 200 Healthiest Banks in America, according to DepositAccounts.com. Community Business Bank...
View ArticleRunner to president: Let pot businesses have bank accounts
George Runner, the State Board of Equalization’s vice chair, wants the federal government to allow businesses that sell medical marijuana to open bank accounts. Runner and board member Fiona Ma are...
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Bank of Stockton acquires third First Bank branch
STOCKTON — Bank of Stockton has acquired the First Bank branch in Fairfield, Bank of Stockton announced Wednesday. The Fairfield branch at 2407 Waterman Blvd. is the third Bank of Stockton has...
View ArticleFinancial Center Credit Union opens southside Stockton branch
STOCKTON — Financial Center Credit Union’s newest branch, located on Stockton’s southside, is officially open. The branch at 2405 S. Airport Way opened July 2 and offers a full range of service to...
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City of Modesto offers entrepreneurs new funding source
MODESTO — Modesto residents who want to start their own businesses now have a new option for financing. The city of Modesto, the Stanislaus Business Alliance and the Fresno Community Development...
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Treasury releases money to boost small business loans
John Chiang SACRAMENTO – The U.S. Department of Treasury is authorizing the final disbursement of $57 million in federal funding to help the state’s small businesses according to State Treasurer John...
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Oak Valley Bancorp buys Mother Lode Bank
OAKDALE – Oak Valley Bank and Mother Lode Bank will be owned by the same company soon. Oak Valley Bancorp, the holding company for Oak Valley Community Bank and Eastern Sierra Community Bank,...
View ArticleBAC Community Bank gets approval for Tracy branch
TRACY — BAC Community Bank has received approval from federal banking regulators for its new full service branch office in downtown Tracy, the bank announced Thursday. The bank has begun construction...
View ArticleInterest rates to remain steady
WASHINGTON — Interest rates won’t go up, at least not yet. The Federal Reserve decided not to raise its benchmark federal funds rate Thursday. It’s a sign the Fed believes that while the U.S. economy...
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How to avoid the 5 biggest mistakes investors make
STOCKTON — Money management is a tricky topic. With inflation, uncertain Social Security and other financial factors out of your control, it’s easy to feel bewildered by your bank account. Local...
View ArticleF&M Bank rolls out ATMS with new features
LODI — Farmers and Merchants Bank of Central California (F&M Bank) has spent $1 million to upgrade its automated teller machines (ATMs). Over the summer, F&M Bank installed 34 new ATMs at its...
View ArticleFarmers & Merchants Bancorp announces record income
LODI — Farmers & Merchants Bancorp announced a record third-quarter and year-to-date net income on Thursday. The company reported a net income of $7 million for the third quarter, a 9.5 percent...
View ArticleFarmers & Merchants Bancorp announces dividend
LODI — Farmers & Merchants Bancorp will pay shareholders a year-end cash dividend of $6.50 per share. Shareholders, as of December 4, 2015, will receive their payment on Jan. 2, 2016. It is the...
View ArticleLodi office manager, receptionist charged with embezzlement
LODI — Two employees of a Lodi electronics company are accused of embezzling more than $900,000, according to the San Joaquin County District Attorney’s office. Deborah Veronica Adams and Denise Roman...
View ArticleMan arrested in American Chevrolet embezzlement case
MODESTO — A man accused of embezzling vehicles from American Chevrolet in Modesto has been arrested. Michael Badiou, 55, of Denair, is scheduled to be arraigned Friday on charges of embezzlement,...
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How to make a winning pitch to investors
MODESTO — The biggest challenge when starting a business or getting a new product to market is often finding the money needed to make a new venture successful. That can be an especially big hurdle for...
View ArticleTax credit seminar set for Manteca
MANTECA — Business owners and managers can learn how to apply for tax credits under the California Competes program at a workshop in Manteca Thursday. The application period for the next round of tax...
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Credit unions expand to low-income areas
WAYNE DENNING/CVBJ MODESTO — Self-Help Federal Credit Union is scouting a location on Modesto’s southside, a region void of financial institutions. Vice President Joe Duran said he hopes the...
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