Further information about the scholarships is available through the Ventura County Community Foundation at (805) 988-0196 or through VCNB
at (805) 981-2635.
As the largest county-based bank, VCNB
has focused on becoming a corporate presence at the community level.
The integration of VCNB and RNB into City the unreserved portion of the cost of a buyout of the company's then existing data processing contract, tther non-interest expense.
6 million at March 31, 19 between quarters, partially due to the balances acquired from VCNB and RNB.
City National closed its acquisition of VCNB
As a result, and subject to approval by VCNB shareholders at a meeting slated for Jan.
In addition to the merger of VCNB, four new branches are expected to open under the CNB name with a planned merger of Riverside National Bank into City National Bank, also in January 1997.
VCNB has six branches with 129 employees and approximately $274 million in assets as of June 30, 1996.
City National plans to keep all six VCNB branch locations open following completion of the transaction, which is expected to be during the first quarter of 1997.
1994 was definitely a turnaround year for VCNB, and the bank has now assumed its position as the largest locally headquartered community bank in Ventura County.
31, 1994, VCNB reported a leveraged capital ratio of 7.