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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Top Stories / Comments Off on Heritage Oaks gets $60M
Forty-eight hours after the release of a memorandum of understanding with regulators, Paso Robles-based Heritage Oaks Bank slammed the door on further proceedings when it announced it was raising $60 million in new securities. The infusion of preferred and convertible stock will make Heritage Oaks, with $947 million in assets, one of the best-capitalized banks Read More →
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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Top Stories / Comments Off on Bound for China
While the U.S. auto industry recovers from dismal domestic sales in 2009, thousands of American-made vehicles are flowing through the Port of Hueneme each month bound for a booming Chinese market. The cars are being made in the Midwest, shipped by rail to Southern California and trucked to the port. From there, they go to Read More →
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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Top Stories / Comments Off on Tech firms fight for Silicon Valley flights
South Coast technology companies are urging a regional airline to reconsider its move to cancel the only direct route between Santa Barbara and the Silicon Valley. In late February, SkyWest, the regional airline that operates United Airlines’ Santa Barbara service, said it will quit flying to San Jose in June. Santa Barbara tech firms with Read More →
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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Columns / Comments Off on Ten lessons learned from a decade
You might have noticed that the masthead of this edition of the Pacific Coast Business Times reads “Volume 11, No. 1.” The obvious thing to say is that 10 years ago, we began publication of the region’s first weekly business journal. We’re going to acknowledge our born-on date of March 17 with a special anniversary Read More →
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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Small Business / Comments Off on Business of culture
It’s been open for just over a year, and already Live Culture in Santa Barbara has its eye set on the national stage. Owner-operators Darin Fiechter, Sierra Falso and Rebecca Klarich opened the chic eatery, wine bar and music venue in the Paso Nuevo mall last March. Now they say they’re ready to take the Read More →
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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Uncategorized / Comments Off on Good bugs
Full-on bug wars may soon be breaking out in a vineyard near you. After decades of supplying beneficial insects that help protect Ventura County’s citrus and avocado crops, Santa Paula-based Associates Insectary is now launching a wasp to help protect California’s grapevines. The vine mealybug, discovered in Santa Barbara County in 2000, is a formidable Read More →
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By Pacific Coast Business Times Staff / Monday, March 15th, 2010 / Uncategorized / Comments Off on Affinity refinancing paves way for recovery
With new financing in place and a recovery brewing in the recreational vehicle industry, Ventura-based Affinity Group could be back on the road to black ink. Affinity Group owns a nationwide network of discount clubs for RV owners, along with the 75-location Camping World chain of retail stores and a stable of niche magazines targeted Read More →
