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Montecito Bank & Trust
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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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Interlink revenues, profits, earnings per share rise slightly

By   /  Monday, August 15th, 2016  /  Latest news, Tri-County Public Companies  /  No Comments

Interlink Electronics

Interlink Electronics’ revenues increases slightly, profits increased slightly and earnings per share increased slightly during the second quarter, the company said Aug. 15 when it released second quarter earnings results. Based in Westlake Village, Interlink Electronics manufactures sensors used in portable electronic devices. Revenues increased 7 percent during the quarter from $2.8 million in 2015 Read More →

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Clean Diesel second quarter revenues down but profits up

By   /  Monday, August 15th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

Clean Diesel Technologues assemblyworkers at its Oxnard factory, where the company is consolidating its headquarters. The firm recently promoted executive Chris Harris to CEO as it works toward profitability. (Nik Blaskovich / Business Times photo)

Revenues were down for Clean Diesel Technologies but the company still recorded increases in profits and earnings per share when the company released second quarter earnings Aug. 15. Clean Diesel revenues fell during the quarter from $9.9 million in 2015 to $8.4 million in 2016. Despite this, income increased from a net loss of $2.4 Read More →

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Stellar Biotechnologies revenues up but losses grow

By   /  Tuesday, August 9th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

A Stellar Biotechnologies employee shows off the Giant Keyhole Limpets they farm and bleed to delevop disease treatments.

Stellar Biotechnologies’ revenues increased slightly during the third quarter of 2016 but losses widened as the company signed a new partnership with a French company and held an offering for institutional investors, the company said in a quarterly earnings report Aug. 8. Stellar revenues increased slightly from $157,748 during the third quarter of 2015 to Read More →

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AppFolio second quarter revenues up, net loss down

By   /  Monday, August 8th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

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AppFolio raised its financial outlook for the year as revenues increased sharply and losses narrowed in the second quarter, the company said Aug. 8. AppFolio, a Goleta-based developer of property management software for small- to medium-sized property managers, raised full-year financial-guidance estimates to a range between $103 million and $105 million Aug. 8. Previous estimates Read More →

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Inphi’s second quarter revenues soar

By   /  Monday, August 8th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

inphi-squarelogo

Inphi saw revenues rise during the second quarter as it sold off its memory products business. On June 30, Inphi announced it would sell its memory products business to Sunnyvale-based Rambus. Inphi said revenues rose from $49.4 million in 2015 to $60.5 million during the second quarter of 2016 when revenues from the memory business Read More →

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OCB Bancorp’s second quarter net income up over last year

By   /  Monday, August 8th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  No Comments

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In its second quarter earnings report, OCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — reported net income year-to-date of $516,000, or 25 cents per share, up from $372,000 last year. “Loans also continue to grow, increasing approximately $49 million since June Read More →

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