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James W. Lokey appointed to board of Community West Bancshares

By   /  Monday, June 29th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Economy  /  No Comments

Veteran community banker James W. Lokey has been appointed to the board of Community West Bancshares, bringing a veteran dealmaker into the Community West ranks and strengthening the Goleta-based bank’s push into San Luis Obispo County. Lokey, a resident of SLO County, was the longtime CEO of Mid-State Bank & Trust and negotiated that bank’s […]

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Appfolio has successful IPO; stock closes Monday at $13.70

By   /  Friday, June 26th, 2015  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  No Comments

Robert Greifeld, Nasdaq CEO, left, and Brian Donahoo, AppFolio CEO.

Goleta-based Appfolio, which makes property management software for small- to medium-sized real estate managers, held its initial public offering Friday and the stock ended that day up 17.3 percent at $14.08. Appfolio stock dropped slightly on Monday, closing down 2.70 percent at $13.70. Appfolio offered 6.2 million shares of Class A common stock for $12 […]

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Tri-county tech scene taking off

By   /  Friday, June 26th, 2015  /  Central Coast, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

The tri-county tech scene is buzzing at a rate unseen since the dot-com boom of the late 1990s and early 2000s. Invoca, the Santa Barbara-based telephone marketing automation firm, has joined the ranks of companies in the Tri-Counties on the path to an IPO. Invoca’s announcement June 25 capped a whirlwind spring for tri-county tech […]

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Goleta-based Transphorm gets $70M investment

By   /  Tuesday, June 23rd, 2015  /  Banking & Finance, Latest news, Technology, Top Stories  /  No Comments

Goleta-based Transphorm has received a $70 million investment. Transphorm, an early stage semi-conductor company focused on creating ways to convert electricity more efficiently, announced the investment Monday, which was led by global investment firm KKR. Transphorm will use the money to fund product innovation and expansion projects. “By merging the technological leadership of Transphorm with […]

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Reality sets in for San Luis Obispo’s MindBody

By   /  Monday, June 22nd, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 […]

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Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

By   /  Friday, June 19th, 2015  /  Banking & Finance, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Westlake Village-based Cynvenio Biosystems raised $25.5 million in Series B equity financing Wednesday. Cynvenio’s LiquidBiopsy technology allows doctors to access populations of rare cancer cells in whole blood. At the same time, it allows doctors to analyze complex characteristics of cancers in a single blood sample. The investment was led by Livzon Pharmaceutical Group, which […]

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San Luis Obispo’s REC Solar acquires Stellar Energy

By   /  Friday, June 19th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

REC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of […]

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