Again, Ford buys a bank at a bargain
ColumnsTo Carl Webb, California in 2010 looks a lot like California circa 1993. A devastating meltdown in the housing sector. Sky-high unemployment. Deep budget problems. And a crisis in confidence that the Texas banker describes as “a little less spring in the step” of the California consumer. In short, the perfect time to get back Read More →
Editorial: The way to San Jose
OpinionAn impressive gathering of South Coast business and political leaders met July 21 to map out a strategy for restoring direct service from Santa Barbara’s airport to San Jose. This service is critical to meeting the needs of the region’s technology industry, and SkyWest Airlines’ decision to suspend the service earlier this summer did Read More →
One of nation
ColumnsOne of the largest greenhouses on the West Coast has been put up for sale with an asking price of $18.5 million. Carpinteria orchid grower Gallup & Stribling’s 45-acre property includes 1.5 million square feet of greenhouse and industrial space. The property, just off of Highway 101 at 3450 Via Real, has been used to grow Read More →
Editorial: Oxnard, don't go nuclear on credit union
OpinionOxnard has threatened to use eminent domain proceedings to evict a longtime tenant, Pacific Oaks Credit Union, from a troubled property known as Carriage Square. That strikes us as a harsh way to treat a financial institution that’s an important part of the lifeblood of the region’s largest city, and we’d urge the city, property Read More →
Banks report mixed results, some growth
UncategorizedTri-county banks reported mixed second-quarter results, but banker optimism and improved balance sheets suggest a measured economic turnaround is under way. “The worst is behind us and the economy is gradually picking up,” Sung Won Sohn, a CSU Channel Islands professor and former Wells Fargo economist, told the Business Times. “Earnings have stabilized. However, when Read More →
