Active Life raises 500K
Active Life Scientific, a six-year-old medical device company that develops biopsy technology, has raised $500,000 in a round of financing, the Santa Barbara-based firm said May 16. The Series A round was filled by new and existing investors, and it included an investment by Tech Coast Angels, the largest angel investor network in the U.S. Read More →
FCAL merger with PacWest set to close May 31
Los Angeles-based PacWest Bancorp and Westlake Village-based First California Financial Group have received the go-ahead from federal banking regulators to finalize a $237 million merger. The deal, which will merge First California into PacWest and likely result in about a dozen overlapping branches being shuttered, is expected to close on May 31. The banks said Read More →
KCLU buys Santa Maria station
Thousand Oaks-based National Public Radio station KCLU has purchased a station in Santa Maria that will expand its reach to the Central Coast. The station, which is a community service of California Lutheran University, will begin broadcasting to listeners in Santa Maria, the Santa Ynez Valley, Lompoc, Nipomo and the Five Cities area. The frequency Read More →
Springs Fire throws another challenge at CSU Channel Islands
It could be the understatement of the decade to say that nothing has come easily for CSU Channel Islands. The university, which celebrates its 10th anniversary this year, was created out of a former mental hospital after years of wrangling by area leaders over a suitable location. It emerged from the shadow of its start-up Read More →
PennyMac shares jump 2.6% on second day of trading
Shares of PennyMac Financial Services climbed another 2.6 percent the day after they started trading publicly for the first time. The Moorpark-based company, founded in 2008 by former top executives at Countrywide Financial Corp., raised just over $200 million in its initial public offering of stock after opening with a share price of $18.25 on Read More →
Parker plans for second hotel are scaled down
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