Los Padres Bank shores up capital levels
After months of struggling with capital ratios, Harrington West Financial Group, parent company of Solvang-based Los Padres Bank, has escaped a regulatory action that can precede a seizure and returned to “adequately capitalized,” the bank said Jan. 25. The bank remains under a longer-term cease and desist order to raise capital ratios. Harrington West had Read More →
Impact Radius scores $6M
A Santa Barbara firm has just garnered a $6 million investment to see if it can shake up the broadcast, radio and print advertising world the same way its leaders shook up the online advertising world. Impact Radius has rolled out a new online platform for advertisers and media firms to buy and sell performance-based Read More →
Taser gives Carp a jolt
Taser, maker of the handheld voltage delivery system of “don’t tase me, bro” fame, is setting up shop on the South Coast. Arizona-based Taser snapped up a former Microsoft executive and put him to work as head of the new virtual systems division in Carpinteria, where he and roughly 80 employees are working on a Read More →
SLO chamber envisions better days for city
The San Luis Obispo Chamber of Commerce will have a new driving force behind it Jan. 23 when it releases its updated economic vision statement. The SLO chamber is the oldest and largest voluntary organization in the county. The new 18-page document acts as a roadmap for the chamber, which has thrown its full weight Read More →
Westmont neglected as donor defaults on $75M
By any account, $75 million is a lot of money. If you are a small, Christian college laboring with recovery from a major fire and an ambitious expansion plan, it’s an enormous amount of money. Which is why the report in this issue of the Business Times that Westmont College’s mystery donor won’t be able Read More →
Region shows compassion for Haiti
When tragedy strikes, our region steps up. That’s one of the truly remarkable things about living and working in the tri-county region. The Business Times takes some space on these pages to pay tribute to all the innovative ways our businesses and nonprofits have found to raise money for earthquake relief for Haiti. Rather than Read More →
