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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Heritage Oaks defies trend, shares up 40% year-to-date
Amid some of the largest shake-ups to hit the tri-county banking world, one area bank has emerged seemingly unscathed. Paso Robles-based Heritage Oaks Bancorp, holding company of Heritage Oaks Bank, which also includes Business First Bank, has seen its stock price surge by almost 40 percent year-to-date — a sharp contrast to the performance of Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Scooting along
Tri-county consumers are cutting back on extravagant toys as their investments diminish and jobs grow less secure. But while big motorcycles may be experiencing a slump in sales, those looking to lower their expenses are seeking out small scooters as a pragmatic way of around-town transportation. “We’re seeing a lot of inconsistency,” said Carlin Dunne, Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Court revisits financier
A wrongful death lawsuit unfolding in a Santa Barbara courtroom is shedding light on the final days in the life of the late Michael Klein, the fast-rising Santa Barbara hedge fund manager who died along with his daughter and a pilot in an airplane crash in Panama on Dec. 23, 2007. Kim Klein, Michael Klein’s Read More →
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By Staff Report / Friday, August 28th, 2009 / Latest news / Comments Off on Breaking news: Affinity Bank seized by regulators
In the first bank failure in the Tri-Counties in almost 20 years, Ventura-based Affinity Bank was seized by federal regulators Aug. 28. The Federal Deposit Insurance Corp. took Affinity into receivership and said San Diego-based Pacific Western Bank will assume Affinity’s ten branches and $922 million in deposits. Pacific Western also agreed to buy essentially Read More →
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By Pacific Coast Business Times Staff / Friday, August 28th, 2009 / Opinion / Comments Off on In memoriam: Brian Wolverton
These days we spend our time consumed with the economy, business, careers, politics and family matters and we often forget that others are doing far more important work on behalf of our nation. Our freedom to speak, conduct commerce and fret about all things American ultimately relies on our nation’s ability to defend itself. Read More →
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By Stephen Nellis / Thursday, August 27th, 2009 / Top Stories / Comments Off on State order targets PRstore sales pitch
[Editor’s note: This story appeared in the Aug. 21 print edition of the Business Times. Ira Distenfield’s response, attached below, will appear in the Aug. 28 print edition. Source documents used to report this story are also attached below.] Ira Distenfield, the Santa Barbara man who built up and sold legal services franchise We the Read More →
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By Staff Report / Wednesday, August 26th, 2009 / Latest news / Comments Off on Legal discord over music festival
[Editor’s note: See correction below.] A battle of the band bookers is breaking out in Santa Barbara. The organizers of the West Beach Music & Arts Festival face a civil lawsuit from another concert organizer who demands nearly $500,000. Jackie Kane also alleges that the West Beach organizers froze her out of her share of Read More →
