J.P. Morgan Chase & Co. plan to about 60 Southern California branches this year.
The anticipated openings are part of the banking firm’s plan to open
nearly 100 branches up and down California and about 175 branches
A bank spokesman said he could not identify where the new Chase bank
branches will open, but did say most of the Southern California branches
will be in the Los Angeles and Inland Empire areas.
Chase has 930 branches in California. J.P. Morgan Chase & Co. acquired Washington Mutual in 2008.
CVB Financial, parent company of Citizens Business Bank, will report its earnings for the fourth quarter of 2011 and the past year as a whole after markets close on Jan. 18.
The banking firm’s management is scheduled to discuss their financial results in a conference call the following morning.
The conference call is scheduled to begin at 7:30 a.m. Jan. 19. Investors and other interested parties can listed to the call by dialing 877-317-6789. The call will also be broadcast online via the company’s website, which is www.cbbank.com.
CVB Financial’s corporate offices are in Ontario.
Chino Commercial Bancorp, parent company of Chino Commercial Bank, earned about $120,000 in profit during the quarter ending Sept. 30.
That number compares with the $194,000 the company earned during the equivalent three-month period last year.
For the first nine months of this year, Chino Commercial Bancorp. reported a profit of about $273,000, which is about 9.6 percent greater than last year’s earnings.
The bank had $106.2 million in assets at the end of the quarter.
Bank president Dann H. Bowman<NO1> cq<NO> said in a statement that the bank’s customers appear to be benefitting from improved economic conditions. The bank only had a single delinquent loan at the close of the quarter, and the loan has been paid off since the end of the reporting period.