Pacific Western Bank earnings more than quintuple in Q2
PacWest Bancorp’s net income shot up more than 440% year-over-year as it saw strong loan growth and core deposit growth. The Los Angeles-based parent company of Pacific Western Bank, which has 15 branches in the tri-county region, recorded net earnings of $180.5 million, or $1.52 per diluted share, in the second quarter of 2021. In Read More →
Santa Barbara nonprofits close COVID relief fund
Santa Barbara County’s COVID-19 Joint Response Effort is closing its relief fund after distributing $5.8 million to those in need since the start of the pandemic. The creators of the COVID-19 Joint Response Effort are The Santa Barbara Foundation, United Way of Santa Barbara County and the Hutton Parker Foundation. The groups announced the end Read More →
Bank of the Sierra reports record earnings
Sierra Bancorp reported record earnings boosted by lower loan and lease losses and improvements to the overall economy, the bank announced July 19. The parent company of Bank of the Sierra said it had $11.7 million in net income for the quarter ended June 30, or 76 cents per diluted share, compared to $8.3 million Read More →
Limoneira to sell land for new Santa Paula Hospital
The county of Ventura wants to replace Santa Paula Hospital, and it’s working with Limoneira and a third party to make it happen. In a letter of intent released July 14, Limoneira announced it plans to sell 25 acres of its land in Santa Paula to a company called Pacific Coast Investments in five staged Read More →
Teledyne secures Navy contract worth up to $39M
Thousand Oaks-based Teledyne Technologies announced July 19 that its subsidiary, Teledyne Brown Engineering, was awarded a U.S. Navy contract for underwater drones worth as much as $39.2 million. The contract has a maximum base value of $27.4 million over five years, with five one-year option periods and a maximum value of $39.2 million if all Read More →
Dubroff: SBCC must stop revolving door in college president’s office
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Cal Poly’s tech incubator heats up with biggest acquisition, expansion plans
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