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Moorpark film studio plot unfolds

By   /  Monday, July 20th, 2009  /  Features  /  Comments Off on Moorpark film studio plot unfolds

Bernie Weitzman has a grand script in the works for Moorpark. Step by step, Weitzman, chairman and chief executive officer of Commonwealth Studios and an independent film industry veteran, is bringing his massive film studio dream to fruition on the outskirts of the Ventura County city. And it is a big dream. Weitzman and Commonwealth Read More →

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Energy, layer by layer

By   /  Monday, July 20th, 2009  /  Top Stories  /  Comments Off on Energy, layer by layer

Spending $9.5 million is enough to make most business owners cry, but for Steve Gill, co-owner of Gills Onions, it meant the fulfillment of a longtime goal. Gills processes as many as a million pounds of onions a day at its Oxnard facility, which employs about 400 people and is the largest onion processor in Read More →

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$75M estate

By   /  Sunday, July 19th, 2009  /  Features  /  Comments Off on $75M estate

It’s been a bad year for California homeowners. Many have seen their property values plummet, and the luxury market is no longer insulated. The real estate market in and around Los Angeles has taken a hit, but one Ventura County luxury homeowner is adapting his strategy to fit the downturn. Instead of reducing the $75 Read More →

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Insurance agent sentenced in annuity scheme

By   /  Monday, July 13th, 2009  /  Uncategorized  /  Comments Off on Insurance agent sentenced in annuity scheme

A former Santa Barbara life insurance agent has been sentenced to 90 days in jail and ordered to pay $2.1 million for misleading seniors in a scheme that left them paying penalties while he reaped $1 million in commissions. David Abraham, 48, of Santa Barbara, pleaded guilty to felony grand theft on July 9, the Read More →

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Area investors acquire Bank of Santa Barbara

By   /  Monday, July 13th, 2009  /  Uncategorized  /  Comments Off on Area investors acquire Bank of Santa Barbara

Bank of Santa Barbara is being sold to a group of investors headed by veteran Santa Barbara banker Eloy Ortega, the bank’s parent company said July 13. The exact price of the sale wasn’t disclosed. Ortega agreed to a cash payment of 1.6 times the tangible common equity of the $62 million Bank of Santa Read More →

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Business bank scrambles to get capital

By   /  Monday, July 13th, 2009  /  Uncategorized  /  Comments Off on Business bank scrambles to get capital

Banks large and small are feeling the pinch from the real estate downturn, and regulatory agencies have started asking banks to step up and amass more capital. While that may be relatively easy for some of the area’s big institutions, smaller community banks are handling the process differently. In Oxnard, Ventura County Business Bank President Read More →

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Stimulus funds flood Tri-Counties

By   /  Saturday, July 11th, 2009  /  Uncategorized  /  Comments Off on Stimulus funds flood Tri-Counties

Funding from the American Recovery and Reinvestment Act — the federal stimulus bill — are starting to percolate into the Tri-Counties, with millions of dollars allocated to infrastructure and job training programs.    • Congresswoman Lois Capps (D-Santa Barbara), said that the Bureau of  Reclamation will make available $20 million in federal economic recovery funding Read More →