U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →

Latest news View All →

Henry Dubroff

Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo  

Henry Dubroff I 24 hours ago

Fall is a time for the resumption of traditional rivalries. The Dodgers and Giants are dueling it out for the division and maybe the league Read More →

Latino economy grew fast in 2010s, CLU report says  

Brooke Holland I 24 hours ago

Latinos accounted for a “breathtaking” $706.6 billion in economic activity in California in 2018, bigger than the entire economic output of Ohio, according to analysis Read More →

Santa Barbara mayor’s race enters last leg  

Brooke Holland I 24 hours ago

The next mayor of Santa Barbara will take the helm in wake of an unprecedented economic crisis triggered by the COVID-19 pandemic. Six candidates for Read More →

New funding round values Apeel Sciences at $2B  

Jorge Mercado I 1 day ago

Apeel Sciences, the winner of UC Santa Barbara’s 2012 New Venture Competition, continues to grow at an impressive rate, with a new round of funding Read More →

Real Estate: New CRE firm hits the scene in San Luis Obispo County  

Brooke Holland I 1 day ago

A new full-service commercial real estate firm has opened in San Luis Obispo County, specializing in real estate investment sales and leasing for clients on Read More →

Our View: Santa Barbara DA takes a stand on gun violence  

Editorial Board I 1 day ago

Without leaving her elected post, Santa Barbara County District Attorney Joyce Dudley has taken on a national role in the fight against the scourge of Read More →

Opinion: ExxonMobil’s oil trucking plan in Santa Barbara County is dirty and dangerous  

Guest commentary I 1 day ago

By Linda Krop On Sept. 29, the Santa Barbara County Planning Commission will consider ExxonMobil’s proposal to restart its three platforms offshore from Gaviota and Read More →

WEV CEO talks planning and resilience at Santa Barbara event  

Brooke Holland I 2 days ago

Kathy Odell, the CEO of Women's Economic Ventures, speaks at an event in downtown Santa Barbara on Sept. 22. (Brooke Holland photo) How can entrepreneurs Read More →
Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore makes its biggest acquisition yet  

Jorge Mercado I 2 days ago

Procore Technologies announced its first acquisition since going public in May, and it’s the largest one in company history. The Carpinteria-based construction software company said Read More →

Amgen wins patent case  

Staff Report I 4 days ago

Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its Read More →

Deadline approaching for final round of state pandemic relief grants  

Brooke Holland I 4 days ago

Closed restaurants in Ventura early in the pandemic. Small businesses whose operations were closed or interrupted by the pandemic are eligible for state grants of Read More →

U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company  

Brooke Holland I 4 days ago

This Union Bank branch in downtown Santa Barbara was once the main branch of Santa Barbara Bank & Trust. Union Bank is being acquired by Read More →

Paso’s Pearce Services continues acquisition spree  

Staff Report I 5 days ago

Pearce Renewables, a Paso Robles-based operator of renewable energy structures, announced Sept. 16 that it has acquired Mountain Renewables, a provider of technical field services Read More →

Olaplex IPO will raise around $1B, company says  

Brooke Holland I 5 days ago

Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial public offering of common stock between $14 and $16 per Read More →
Henry Dubroff

Dubroff: Attempt to recall Newsom backfired on California Republicans  

Henry Dubroff I 1 week ago

The people who should be enthusiastic about reform of the recall process are not just the folks who’ve been yakking the loudest about changing the Read More →

Figueroa Mountain Brewing reports progress in bankruptcy  

Jorge Mercado I 1 week ago

Figueroa Mountain Brewing’s chapter 11 bankruptcy reorganization took a step closer to being resolved after the second largest brewing company in the Tri-Counties confirmed it Read More →

Real Estate: Landlord puts $78.5M price tag on set of 10 Isla Vista properties  

Brooke Holland I 1 week ago

A huge listing has emerged in the seaside community of Isla Vista, where a Southern California family is asking $78.5 million for 10 student housing Read More →

Facing jump in demand due to pandemic, Women’s Economic Ventures gets federal grant  

Brooke Holland I 1 week ago

Santa Barbara-based Women’s Economic Ventures will use $171,000 in grant funding from the U.S. Small Business Administration to expand its services and mentoring program for Read More →

Our View: Universities keep our region on top in innovation  

Editorial Board I 1 week ago

If you want to know why the innovation culture is so important to the regional economy, look no further than the 2021 ranking of our Read More →

Opinion: Five ways your business can win the war for talent  

Guest commentary I 1 week ago

By Greg Bland With the U.S. economy continuing to grow, businesses are beginning to scale their operations back to pre-pandemic levels. Ventura, Santa Barbara and Read More →

Opinion: ‘Use it or lose it’ policy wastes our natural resources  

Guest commentary I 1 week ago

By James Salzman The Bureau of Land Management auction in February 2016 for oil and gas drilling rights near Arches National Park was unremarkable. The Read More →

Region’s unemployment rate down to 5.9% in August  

Tony Biasotti I 1 week ago

The tri-county region’s unemployment rate dipped below 6% in August for only the second time since the COVID-19 pandemic began, according to a Business Times Read More →

Governor signs bills that promise more housing density  

Brooke Holland I 1 week ago

Homes under construction in downtown Santa Barbara. Two new state laws will encourage more of this type of medium-density housing. (Brooke Holland photo) As California’s Read More →

Paso Robles gets $2.8M federal grant for broadband  

Staff Report I 1 week ago

The United States Department of Commerce announced Sept. 16 that it will award the city of Paso Robles $2.8 million to expand broadband access and Read More →

Ventura County names new harbor director  

Brooke Holland I 1 week ago

Michael Tripp Michael Tripp, a veteran harbor official in Los Angeles County, will replace the last leader of Channel Islands Harbor, who retired in August, Read More →