CEO
Consider if you will, the “reform” that took place in Medicare rules a few years ago. Under these new rules, the government gets to “look back” five years to an elderly person’s earnings and asset transfers when mom or dad goes into a nursing home. The government can take those assets in case of a Read More →
Healthy banks speak up
All eyes are on regional banks as one of the biggest hits to the financial industry since the Great Depression landed close to home Sept. 15 when Bank of America announced it would purchase Merrill Lynch for $50 billion. As of 2007, the failing company had four branches and 75 employees in the Tri-Counties. In Read More →
Mission Community to raise $4M in capital
Irvine-based Carpenter Community BancFund could soon own a hefty portion of San Luis Obispo-based Mission Community Bank, according to a bulletin released by the California Department of Financial Institutions this month. The bulletin said the CDFI had approved an application for the acquisition of control on Aug. 28. The companies are now waiting for final Read More →
Bank stocks continue to climb
Bank of America BofA climbed to $37.48 by its final trade of the week, up from $30.58 at the close of the previous day. Meanwhile, Wells Fargo
South Coast bank sees 40 percent stock gain
Santa Barbara-based Pacific Capital Bancorp’s stock bolted up 40 percent Sept. 18, riding a trend of stocks across the board for the day. Pacific Capital’s stock closed at $24.06 – up $6.92 from the start of Nasdaq trading that day. During the day, it rose as high as $25.21. “There was no news specific to Read More →
It
With drought hitting much of California and the West, water is on everybody’s mind these days. Santa Barbara is talking about reviving its desalinization plant. Squabbles in the Santa Maria Valley and south San Luis Obispo County are ongoing. But in Ventura County, a big step has been taken toward guaranteeing the quality of Read More →
