Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth
By Marlize van Romburgh / Monday, October 4th, 2010 / Banking & Finance, Banking Industry / Comments Off on Revisiting a bank acquisition, one year later: Bank of SB hits 54% asset growth
One of the Tri-Counties’ smallest banks has made a sizeable rebound in the 10 months since a team of Santa Barbara investors purchased it from its former Michigan parent. The Bank of Santa Barbara, which came under local ownership in November 2009, has seen deposits jump 80 percent year-over-year as assets climbed more than 54 Read More →
Firms to pay $5.4M for 2003 Piru fire
By Staff Report / Monday, October 4th, 2010 / Latest news / Comments Off on Firms to pay $5.4M for 2003 Piru fire
Two Ventura County companies accused of starting the 2003 Piru fire have agreed to pay the U.S. Forest Service $5.4 million to settle a federal civil suit, the U.S. Attorney’s Office announced Sept. 24. Ventura-based Berry Engineering General Contractors agreed to pay $5 million, and Santa Paula-based Mendez Concrete agreed to pay $447,423. Neither company admitted any Read More →
Santa Barbara approves TBID
By Pacific Coast Business Times Staff / Monday, October 4th, 2010 / Latest news / Comments Off on Santa Barbara approves TBID
The Santa Barbara City Council voted Sept. 28 to establish a “tourism business improvement district,” which will collect fees from 88 different hotels and use them to fund a regional marketing campaign. The measure places a surcharge, on top of the existing bed tax, of between 50 cents and $2 per night, depending on the Read More →
Editorial: Team efforts like these will drive public education
By Editorial Board / Monday, October 4th, 2010 / Editorials, Opinion / Comments Off on Editorial: Team efforts like these will drive public education
Two high-profile events in late September underscore the fact that if California is going to successfully reinvent its public education system, innovative partnerships are key. First is the MacArthur Foundation “genius grant” to Amir Abo-Shaeer, a science teacher at Dos Pueblos High School in Goleta. This UC Santa Barbara engineering graduate left a job in Read More →
Editorial: A race to watch
By Editorial Board / Monday, October 4th, 2010 / Editorials, Opinion / Comments Off on Editorial: A race to watch
While the surging Tea Party threatens a battle for the soul of the Republican Party, Democrats on the Central Coast face a nasty fight of their own. In what was once the safest of seats, termed-out Assemblyman Pedro Nava, D-Santa Barbara, seems unlikely to support his one-time protege, Das Williams. Williams, a Santa Barbara city Read More →
CytomX to take venture money and run
By Stephen Nellis / Monday, October 4th, 2010 / Top Stories / Comments Off on CytomX to take venture money and run
Santa Barbara-based biotech firm CytomX Therapeutics has raised $30 million in venture capital and announced plans to move to the San Francisco Bay Area by the end of the year. The company is developing technology that would help antibodies better target the disease tissue they’re intended for, reducing harmful side effects. It was founded by Read More →
Colleges of Law’s new era
By Marlize van Romburgh / Monday, October 4th, 2010 / Top Stories / Comments Off on Colleges of Law’s new era
The Santa Barbara and Ventura Colleges of Law’s agreement with a Chicago-based nonprofit could bring federal student aid, online classes and the option of joint degrees to the campuses. The Colleges of Law said Sept. 21 that it is teaming up with TCS Education System, an organization that owns three professional schools, including the Santa Read More →
