100 Will Lose Jobs as Bank Branches Close
- Share via
Eight Ventura County bank branches are about to be closed due to consolidations, throwing as many as 100 employees out of work.
In one of the moves, Chatsworth-based Great Western Bank will shut down offices of HomeFed Bank in Westlake Village, Ventura, Camarillo and Simi Valley. The closures will take place in February.
And branches of First State Bank of the Oaks in Camarillo, Simi Valley, Thousand Oaks and Westlake Village will be closed in April as a result of a takeover by First Interstate Bancorp, based in Los Angeles.
Both acquisitions were announced last year.
Great Western paid $151 million to the federal government’s Resolution Trust Corp. for troubled HomeFed.
First Interstate, parent of First Interstate Bank, paid $23 million to a group that controlled Bank of the Oaks.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
