“The consolidation of our Santa Paula branches is part of an overall repositioning strategy and will allow for an expansion into other areas of Ventura County,” Brubaker added. “We are sincerely honored to be a part of the Santa Paula community and are grateful for their continued support.”
Don Tello, Division President of Santa Paula Community Bank, further explained, “Because these two branches are only 1.5 miles apart, it just makes good economic sense to streamline resources. Ventura Community Bank will also offer a convenient banking stop for our residents who work in Ventura.”
“The consolidation will not affect service levels or the products we provide our Santa Paula customers,” Tello said. “We know our customers well and will work with each one individually to ensure the transition is as smooth as possible. We value our community support in Santa Paula and this consolidation to the Harvard Boulevard branch provides superior parking for our customers and room for our community events such as Shred Day and our Mobile Blood Drive. We look forward to our continued long-term community relationship.”
Ojai Community Bank opened for business in March 2005. Ojai Community Bank stock is traded under the stock symbol OJCB. Investor information can be found on the Bank’s website at http://ojaicommunitybank.com.
Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, the effect of interest rate changes, the ability to control costs and expenses, the impact of consolidation in the banking industry, financial policies of the United States government, and general economic conditions.
