TARP deal good enough for Ford
[Editor’s note: This story has been updated from an earlier version on July 27.] Pacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, reported a $61 million second-quarter loss on July 27 and said that with the U.S. Treasury agreeing to wipe out $180.6 million in TARP debt in exchange for equity, Read More →
Updated: Pacific Capital posts $61M loss, gets Treasury cooperation in Ford deal
Pacific Capital Bancorp, the struggling parent of Santa Barbara Bank & Trust, on July 27 reported a $61 million second-quarter loss and said that with the U.S. Treasury agreeing to wipe out $180.6 million in TARP debt in exchange for equity, it now expects to complete a $500 million acquisition by Texas-based Ford Financial Read More →
Muscle car supplier could have region
In what may be the largest lease deal in the Tri-Counties to date this year, Dynacorn International leased 98,952 square feet of industrial space at 4030 Via Pescador in Camarillo. The seven-year lease is valued at more than $3.8 million, according to NAI Capital’s Ventura County office, which represented the lessee. Dynacorn, a wholesaler of Read More →
Harbor Freight battle is a father-son feud for the ages
During the past 15 years, a tool and hardware distributor in Camarillo called Central Purchasing exploded into one of the largest private companies in the Tri-Counties as it exploited new sales channels online, in broadcast media and at 300 retail stores. But as the company, known today as Harbor Freight Tools, saw its revenue soar Read More →
Parking battle heats up at Ventura Harbor
At Andria’s Seafood Restaurant and Market in the Ventura Harbor, there’s been an odd quirk in the business this summer: Sales are down by about 10 percent, but not all the time. Manager Frederico Castro said it’s only happening on weekends, and only during the daytime — in other words, only during hours that customers Read More →
A fuzzy investment: Santa Ynez Valley duo deals in llamas and alpacas
At Alpacas at West Ranch, hundreds of long-necked, fuzzy creatures frolic about and doze under shady trees on a sweltering summer day in the Santa Ynez Valley. Alpacas are often described as just another agribusiness bubble, like emus, llamas, Shetland ponies and tulips before them. But at this Los Olivos ranch, the charm and the Read More →
