Community West Bank opening loan office in Paso Robles
Banking & Finance, Banking Industry, Central Coast, Latest newsCommunity West Bank announced on Friday that it plans to open a loan production office in Paso Robles. The office, at 725 Creston Road, will open in June and will become Community West Bank’s first Paso Robles Office. “Community West Bank continues to expand our business banking presence on California’s Central Coast,” said Martin Plourd, Read More →
Port of Hueneme getting funds from Army Corps of Engineers
Latest news, West Ventura CountyUpdated at 4 p.m. May 26: The Port of Hueneme will receive $778,000 from the Army Corps of Engineers, the first of the port funds it became eligible to receive with the passing of the Water Infrastructure Improvement for the Nation Act in December. The port was previously ineligible to receive money for maintenance from Read More →
Manufacturing software provider QAD reports net loss
Earnings, Latest news, Technology, Tri-County Public CompaniesSanta Barbara-based manufacturing software provider QAD reported a $2.6 million net loss for the fiscal first quarter 2018, ended April 30. Revenues grew 9.1 percent compared to the same period the previous year to $71.4 million, despite a $1.2 million impact from currency. This was primarily driven by a 34 percent increase in subscription revenue Read More →
Deckers Brands’ losses grow as footwear sales decline
Earnings, Latest news, Tri-County Public CompaniesUpdated at 4:20 p.m. May 26: Deckers Brands shares jumped more than 18.8 percent to $67.21 on May 26 following an earnings announcement that beat analyst expectations and continued to climb in after-hours trading. Deckers reported a net loss of $15.76 million for its fourth quarter, bringing it to a net loss of $12.7 million Read More →
PennyMac declares dividend of 54 cents
Latest news, Personal Finance, Tri-County Public CompaniesThe board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at [email protected].
MindBody expects to raise $120 million with stock offering
Latest news, Technology, Tri-County Public CompaniesSan Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Westlake Village-based PizzaRev acquired
East Ventura County, Latest news, Small BusinessChicago accelerator firm Cleveland Avenue acquired a majority stake in Westlake Village-based pizza chain PizzaRev. Cleveland Avenue, founded by retired McDonald’s CEO Don Thompson, invests in food and beverage businesses, including providing research and development resources. PizzaRev represented an opportunity for scale and growth, Thompson said in a news release May 22. “This is more Read More →
