Regulators back Pacific Premier acquisition of Heritage Oaks
Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County EconomyThe board of governors of the Federal Reserve System and the California Department of Business Oversight approved Irvine-based Pacific Premier Bancorp’s acquisition of Heritage Oaks Bancorp in Paso Robles, the company announced in a news release March 21. The all-stock deal, announced Dec. 13, is valued at $405.6 million or $11.68 per share. It combines the Read More →
Agilent Technologies announces dividend, new chairman
Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesAgilent Technologies announced March 15 that stockholders of record April 4 would receive a quarterly dividend. The life sciences company with offices in Camarillo will pay 13.2 cents per share of common stock on April 26. The company also announced the election of a new chairman of its board of directors. Koh Boon Hwee, a Read More →
Pentland invests in Santa Barbara shoe designer SeaVees
Latest newsUnited Kingdom-based Pentland Brands Limited announced an investment in Santa Barbara shoe designer SeaVees for an undisclosed amount March 15. The deal is part of an ongoing portfolio development program by the company, Pentland said in a news release. The deal will help SeaVees, a brand established in the 1960s and relaunched in 2010, grow Read More →
SLO County supervisors deny Phillips 66 rail spur project appeal
Central Coast, Energy, Latest newsAfter more than a full day of listening to public comments, the San Luis Obispo County Board of Supervisors voted March 14 to deny the Phillips 66 rail spur project. The board voted 3-1 to uphold the SLO County Planning Commission’s decision in October to deny a permit application for the project, which called for Read More →
Breast implant maker Sientra narrows fourth quarter losses
Earnings, Health Care & Life Science, Latest news, Tri-County Public CompaniesGoleta-based breast implant manufacturer Sientra reduced its net losses for the fourth quarter of 2016 to $8.1 million, compared to $28.3 million for the same period the year prior. The company also reported $6.5 million in net sales for the fourth quarter of 2016, compared to $1.5 million for the same period in 2015. “The Read More →
Oppenheimers give $5.5 million to French Hospital Medical Center
Health Care & Life Science, Latest newsStory updated at 12:20 p.m. March 14: French Hospital Medical Center in San Luis Obispo has received a $5.5 million donation from Peter Oppenheimer, former chief financial officer of Apple, and his wife Mary Beth. The largest gift in the history of the hospital will be used to expand and modernize emergency services. “Built in Read More →
Limoneira narrows first quarter losses
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesNet losses and operating losses for Santa Paula citrus grower Limoneira fell by almost half for the first quarter of fiscal year 2017, compared to the same period last year, on a 12 percent increase in revenue. Net loss applicable to common stock was $2.2 million for the quarter, down from $4.1 million in the Read More →
