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40 Under 40: Class of 2015

By   /  Friday, August 28th, 2015  /  Latest news, Top Stories  /  No Comments

40u40

  The Pacific Coast Business Times would like to congratulate the 40 Under 40 Class of 2015. These 40 young men and women, all under the age of 40, are apart of a new generation of dynamic leaders who are reshaping the leadership ranks and the economy of the Tri-Counties.     40 Under 40: […]

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20 nonprofits selected for Fast Pitch SB training program

By   /  Friday, August 28th, 2015  /  Columns, Nonprofits  /  No Comments

Ernesto Paredes, chief energy officer for Fast Pitch SB and executive director of Easy Lift Transportation, spoke with nonprofit participants at the Fast Pitch SB kickoff Aug. 5.

Social Venture Partners Santa Barbara has announced the group of 20 nonprofits selected to participate in Fast Pitch SB, a communications-training program dubbed by Bill Gates as “a clever way to connect early-stage nonprofits and social entrepreneurs with potential funders.” Organizations that inspire social good will be awarded $45,000 at the final event Oct. 15 […]

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Combined banks will be known as American Riviera Bank

By   /  Thursday, August 27th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  No Comments

The combined American Riviera Bank and The Bank of Santa Barbara will be known as American Riviera Bank, the merged institution announced Aug. 27. Santa Barbara-based marketing agency Idea Engineering deemed that the name would have better “brand impact.” The banks proposed the merger in July, which would combine two smaller companies into a three-branch […]

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Amgen’s cholesterol-lowering drug Repatha gets U.S. approval

By   /  Thursday, August 27th, 2015  /  Latest news, Tri-County Public Companies  /  No Comments

Thousand Oaks-based biotech giant Amgen won U.S. approval for its powerful cholesterol-lowering drug Repatha for certain patients, making it the second in a new class of treatments to come to market, Bloomberg News reported Aug. 27. The Food and Drug Administration cleared Repatha for people with hard-to-treat levels of bad cholesterol, according to a statement […]

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Dole CEO Murdock, ex-president ordered to pay $148M

By   /  Thursday, August 27th, 2015  /  Agriculture, Latest news  /  No Comments

Dole Food Co. Chief Executive Officer David Murdock and a former executive of the fresh-fruit producer were ordered to pay $148.1 million over allegations they drove down the value of the company so Murdock could take it private on the cheap in a $1.2 billion deal, Bloomberg News reported Aug. 27. Murdock received an “improper […]

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Goleta-based Community West Bancshares reports loss

By   /  Friday, August 21st, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  No Comments

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong […]

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Heritage Oaks Bank CFO Lonny Robinson resigns

By   /  Thursday, August 20th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  No Comments

Heritage Oaks Bank Executive Vice President and Chief Financial Officer Lonny Robinson has resigned, holding company Heritage Oaks Bancorp announced Aug. 19. The Paso Robles-based bank hired Robinson in March 2014 to help with the Mission Community Bank merger and groom his successor, Jason Castle, Heritage Oaks Bank CEO and President Simone Lagomarsino said. Robinson […]

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