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Santa Maria farmer files Chapter 7 amid legal battle with bank

By   /  Friday, August 1st, 2014  /  Agriculture, Banking & Finance, Banking Industry, Central Coast, Law, Top Stories, Tri-County Economy  /  No Comments

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

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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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Santa Clara Valley Bank to be sold in $15.3M deal

By   /  Friday, July 18th, 2014  /  Agriculture, Banking & Finance, Banking Industry, Latest news, Top Stories  /  No Comments

Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.

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Strawberry grower, Heritage Oaks head to trial over loan contract

By   /  Friday, July 11th, 2014  /  Agriculture, Banking & Finance, Central Coast, Law, Top Stories, Tri-County Economy  /  No Comments

A Santa Maria strawberry grower’s lawsuit alleging that Heritage Oaks Bank’s failure to provide financing after promising to do so drove the grower into near-bankruptcy is headed to trial later this month.

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Ceres inks deal to sell plant genetics software

By   /  Tuesday, July 8th, 2014  /  Agriculture, East Ventura County, Technology, Top Stories  /  No Comments

Shares of Thousand Oaks-based energy crop firm Ceres were up 8 percent in midday trading on news that the company inked a deal to monetize its genome viewing software through a deal with Bayer CropScience.

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Apeel blooms: Startup gets $1.3M to explore flower, produce coatings

By   /  Friday, July 4th, 2014  /  Agriculture, Small Business, South Coast, Technology, Tri-County Economy  /  No Comments

From left: Jenny Du, Kelsey Mollick, James Rogers and Louis Perez of Apeel Sciences, a UC Santa Barbara spinout that makes an edible, sprayable plant compound that can be applied to produce and flowers to keep them fresh longer. (Stephen Nellis / Business Times photo)

Apeel Sciences has raised $1.3 million and is working on a new product for flower growers to complement its existing efforts to prevent fruit and produce losses to pests and spoilage.

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Tech-savvy Ventura County grower re-engineers approach to raspberries

By   /  Friday, July 4th, 2014  /  Agriculture, Small Business, Top Stories, Tri-County Economy, West Ventura County  /  1 Comment

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Jurgen Gramckow is one of a few Ventura County raspberry growers who are making the crop one of the county’s highest-grossing agricultural products.

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