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Castilla, Long vie for Ventura County Supervisor

By   /  Friday, August 26th, 2016  /  East Ventura County, Latest news, West Ventura County  /  No Comments

election-2016WEB

Editor’s note: The Pacific Coast Business Times chose five contested tri-county races in the November election to feature in a Q&A format. Each candidate was asked the same four questions about business, housing and the economy. Carla Castilla and Kelly Long are candidates for Ventura County 3rd District Supervisor. Carla Castilla Age: 39 Residence: Camarillo Read More →

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Assembly resolution calls for national tax on fossil fuels

By   /  Friday, August 26th, 2016  /  Energy, Latest news  /  No Comments

Das Williams

A California Assembly resolution calling for a national tax on fossil fuels is headed to the desk of Gov. Jerry Brown. The bill, AJR 43, calls on Congress to institute a federal tax on carbon-based fossil fuels in order to reduce fossil fuel usage and stave off the effects of climate change. Assembly member Das Read More →

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Net income down but Montecitio Bank & Trust’s loans and deposits grow

By   /  Thursday, August 25th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  No Comments

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Santa Barbara-based Montecito Bank & Trust reported net income of $7.2 million in the second quarter, down $800,000 from the same period last year. The bank reported 13.6 percent year-over-year loan growth, ending the quarter at $752 million. Total deposit growth was up 3.3 percent from the second quarter of 2015 while total assets grew Read More →

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QAD reports solid second quarter earnings

By   /  Thursday, August 25th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

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Santa Barbara enterprise software firm QAD said it earned 3 cents per share or $600,000 in its fiscal second quarter on revenue of $69.8 million. When adjusted for non-cash items such as stock option expenses and amortization costs, earnings were 15 cents per share, the company said. The results reflect QAD’s accelerated transition from a Read More →

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Lakers may hold training camp in Santa Barbara

By   /  Thursday, August 25th, 2016  /  Education, Latest news  /  No Comments

lal

The Los Angeles Lakers are in discussions with UC Santa Barbara to hold training camp in Santa Barbara this year. A university official confirmed the discussions on Aug. 25 but told the Business Times that no agreement has been reached and an official announcement will be made if a deal is finalized. The Orange County Read More →

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San Luis Obispo’s REC Solar names new CEO

By   /  Wednesday, August 24th, 2016  /  Energy, Latest news, Technology  /  No Comments

Matt Walz

Former Duke Energy executive Matt Walz replaced Al Bucknam as CEO of San Luis Obispo-based REC Solar, the company announced Aug. 24. Walz previously served as the vice president of marketing and later as the vice president of commercial solar for Duke Energy in the Cincinnati area. He replaces Bucknam, who joined REC Solar in Read More →

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Parent of Ojai Community Bank raises funds

By   /  Tuesday, August 23rd, 2016  /  Banking & Finance, Banking Industry  /  No Comments

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OCB Bancorp, parent company of Ojai Community Bank, raised additional funds by issuing $3 million of subordinated notes to facilitate future growth. “During this extended period of low rates, many corporations have found it advantageous to issue corporate bonds instead of common stock to assist capital growth,” President and CEO Dave Brubaker said in a Read More →

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