Bank Wins OK to Open Loan Production Office

Camarillo Community Bank has received regulatory approval to open a loan production office in Thousand Oaks and plans to do so by mid-November, according to Douglas M. Shearer, president and chief executive.

The new unit will be the bank’s third. In addition to its headquarters on Paseo Camarillo, it has a branch in Westlake Village.

In the first nine months of this year, Camarillo Community had net earnings of $732,000, or 52 cents a share, on gross earnings of $1.6 million. This compared with net earning of $256,000 or 16 cents a share, on gross earnings of $336,000 a year earlier.

Earnings so far this year are 186% ahead of last year, Shearer said.