Crunchies tightens its belt in Ch. 11East Ventura County, Law & Goverment, Top Stories, Tri-County Economy
Since filing for bankruptcy protection on Aug. 15, Crunchies has laid off eight people — about a third of its full-time staff — at its Westlake Village headquarters, has reduced expenses by about $2 million and has put marketing initiatives and new product development on hold for the rest of the year.
Crunchies moves to block takeover bid with Chapter 11 filingEast Ventura County, Latest news, Law & Goverment, Top Stories
Westlake Village-based Crunchies Food Co. has filed for Chapter 11 bankruptcy protection, alleging that one of its largest vendors has attempted a hostile takeover of the fast-growing freeze-dried snacks maker.
A fungus among us: Team hopes to cultivate truffles on Central CoastAgribusiness, Central Coast, Top Stories, Tourism
A group of French and Chilean truffle farmers are sniffing out the Central Coast’s potential to grow the highly prized fungi. A team from Beyond Truffles, a Chilean truffle producer, and Agri-Truffe, a French truffle-tree nursery operation, are reaching out to San Luis Obispo County farmers and vintners in hopes of launching large-scale production Read More →
OCB Bancorp taps Ortega to open Santa Barbara branchBanking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County
The parent company of Ojai Community Bank is tapping veteran South Coast banker Eloy Ortega to open a new Santa Barbara branch.
Ventura County’s ripe farm loan market drives $15.3M bank dealAgribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County
Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →
PennyMac counts on family, Countrywide tiesBanking & Finance, Top Stories, Tri-County Public Companies
PennyMac, the Moorpark-based firm founded by former top brass at Countrywide Financial Corp., has inked a $550 million loan repurchasing deal with Bank of America. The deal forms a half-billion-dollar pact among three companies that have been intimately connected since shortly after Countrywide, the firm at the heart of the subprime loan meltdown, was Read More →
Behind the scenes: Architect’s love of art fuels theater restorationsReal Estate, South Coast, Tri-County Economy, Women Inc.
Recently named an associate at PMSM Architects in Santa Barbara, Monisha Adnani has worked on theater and performance spaces ranging from the historic renovation of the Granada Theatre and the Music Academy of the West in Santa Barbara to the Fred Kavli Theater for Performing Arts in Thousand Oaks.