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A fungus among us: Team hopes to cultivate truffles on Central Coast

By   /  Friday, August 15th, 2014  /  Agriculture, Central Coast, Top Stories, Tourism  /  No Comments

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  A group of French and Chilean truffle farmers are sniffing out the Central Coast’s potential to grow the highly prized fungi. A team from Beyond Truffles, a Chilean truffle producer, and Agri-Truffe, a French truffle-tree nursery operation, are reaching out to San Luis Obispo County farmers and vintners in hopes of launching large-scale production […]

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OCB Bancorp taps Ortega to open Santa Barbara branch

By   /  Friday, August 1st, 2014  /  Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  No Comments

Dave Brubaker, left, recruited longtime South Coast banker Eloy Ortega to open a Santa Barbara branch of Ojai Community Bank. (Nik Blaskovich / Business Times photo)

The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.

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Ventura County’s ripe farm loan market drives $15.3M bank deal

By   /  Friday, July 25th, 2014  /  Agriculture, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central […]

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PennyMac counts on family, Countrywide ties

By   /  Friday, July 18th, 2014  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off

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  PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was […]

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Behind the scenes: Architect’s love of art fuels theater restorations

By   /  Friday, June 27th, 2014  /  Real Estate, South Coast, Tri-County Economy, Women Inc.  /  Comments Off

Recently named an associate at PMSM Architects in Santa Barbara, Monisha Adnani has worked on theater and performance spaces ranging from the historic renovation of the Granada Theatre and the Music Academy of the West in Santa Barbara to the Fred Kavli Theater for Performing Arts in Thousand Oaks.

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Channeling a bold idea: CSUCI embarks on $600M build-out

By   /  Friday, June 13th, 2014  /  East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off

CSU Channel Island President Richard Rush stands near construction of a new chemistry lab building on the campus. CSUCI has embarked on a $600 million campus build-out. (Nik Blaskovich / Business Times photo)

With the state of California’s higher education budget in disarray, CSU Channel Islands President Richard Rush has turned to the private sector to complete the dream of a four-year public university to serve Ventura County.

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Downtown Ventura retailers bank on BID for another 5 years

By   /  Friday, June 13th, 2014  /  Real Estate  /  Comments Off

After a successful first five years, Downtown Ventura Partners, the business improvement district for the city’s retail core, has been renewed through 2019.

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