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AppFolio files for $100M IPO

By   /  Tuesday, May 19th, 2015  /  Banking & Finance, Latest news, Real Estate, South Coast, Technology, Top Stories, Tri-County Public Companies  /  No Comments

Appfolio co-founder Klaus Schauser will be honored at The South Coast Business & Technology Awards in June. (Stephen Nellis photo)

  Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of […]

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Mindbody targets global expansion with IPO

By   /  Monday, May 11th, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top 25 lists, Top Stories, Tri-County Public Companies  /  No Comments

Mindbody CEO Rick Stollmeyer. (Business Times file photo)

In a deal that’s been heralded as the first non-bank stock offering in decades for a company based in San Luis Obispo, Mindbody filed its offering statement with the Securities and Exchange Commission on May 11.

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ERG Resources files bankruptcy, business for sale

By   /  Thursday, May 7th, 2015  /  Banking & Finance, Latest news, Real Estate, South Coast, Top Stories  /  No Comments

ERG Resources, a Houston-based independent oil and gas with major operation in northern Santa Barbara County recently filed for Chapter 11 bankruptcy in Dallas. The company plans to sell the business. A Business Times previous report found that the company owed nearly $400 million on a loan with CLMG Corp., an agent holding lien on […]

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Inogen earnings top Wall Street expectations again

By   /  Monday, April 27th, 2015  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  No Comments

InogenFoundersWEB

Inogen, the Goleta-based maker of direct-to-consumer respiratory products, on April 27 reported fourth-quarter profit of $1.5 million. The company said it had net income of 7 cents per share. Earnings, adjusted for pretax gains, were 6 cents per share. Inogen, which produces oxygen concentrators for patients suffering from chronic respiratory conditions, posted revenue of $29.1 […]

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Community West post big first-quarter numbers

By   /  Friday, April 24th, 2015  /  Earnings, Latest news, Top Stories  /  No Comments

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a profit of $1.8 million in the first quarter of 2015. The company recorded a profit of $1.4 million in the same period last year. “Community West’s first quarter accomplishments were a good start to the year as we continue to successfully strengthen our […]

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Regional banks pluck talent to grow

By   /  Friday, April 24th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  No Comments

The shifting financial industry landscape has set the stage for increased competition among regional banks trying to snap up local talent and a slice of the mid-size company market. However, some industry experts think the newly consolidated landscape and shrinking number of small banks could close the door on many entrepreneurs and smaller businesses. “For […]

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Comcast, Time-Warner’s $45B deal falls through

By   /  Friday, April 24th, 2015  /  Latest news, Top Stories, Tri-County Public Companies  /  No Comments

Comcast has dropped its $45 billion bid to acquire Time-Warner Cable. The deal would have more than doubled Comcast’s market share in California and created a Comcast-Cox duopoloy among tri-county cable providers. However, in a statement released today, Comcast Chairman and CEO Brian Roberts said the deal was structured so that both companies could walk […]

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