Deals bolster balance sheets at two area banks
One bank went local, and one bank got smaller but sturdier. Two deals recently closed that change the tri-county banking landscape. As of Nov. 11, the Bank of Santa Barbara will answer to group of Santa Barbara investors rather than a Michigan-based parent firm. As of Nov. 6, the parent of Solvang-based Los Padres Bank, Read More →
Diani builds on legacy
In 1949, a World War II vet named A.J. Diani started a small grading and paving business in his hometown of Santa Maria. The son of Swiss immigrants, he put an emphasis on family relations and customer satisfaction, added some elbow grease and watched his company grow. Sixty years later, A.J. Diani Construction is a Read More →
Santa Barbara
Since the earliest days of the region as a Mecca for wealthy families, philanthropy has been part of the social scene. Some efforts, notably Direct Relief International, have grown from informal ideas into world-class social organizations. But lately, philanthropic efforts often seem to be single-cause focused, reflecting the special interests of donors. From the Santa Read More →
Tea fire not forgotten a year later
A year ago, the Tea Fire devastated parts of Santa Barbara and Montecito, destroying more than 200 homes and ravaging the landscape. Twelve months later, homeowners are still regouping and many have not yet decided whether or not to rebuild. Fire remains a threat, one underscored by the Jesusita Fire, which struck the Santa Barbara Read More →
Paso Robles winery owner faces foreclosures
UPDATE [1:30pm, Nov. 20]: The auctioning off of San Luis Obispo businessman David Weyrich’s properties on York Mountain Road near Templeton and Los Ranchos Road near San Luis Obispo was postponed Friday morning — at the beneficiaries’ request — until Tuesday Nov. 24. Unless San Luis Obispo County businessman David Weyrich comes up with nearly Read More →
Investors buy Bank of Santa Barbara from Michigan company
It’s official: Bank of Santa Barbara is now run from Santa Barbara and not Michigan. A group of local investors headed by Santa Barbara banking veteran Eloy Ortega announced that it bought the roughly $55-million-asset Bank of Santa Barbara from its Michigan-based parent firm in July. The deal with Capitol Bancorp Limited of Michigan closed Read More →
