SBCAG upbeat on state funds for Highway 101 widening
Latest news, South CoastMore highway lanes, yes. Commuter trains, not so much. That was the word from Santa Barbara County Association of Governments Executive Director Marjie Kirn, who told business leaders on April 10 she’s optimistic that passage of a California transportation tax will fill a big part of the $300 million gap in funding for the Highway Read More →
PacWest Bancorp acquires CU Bancorp in $705 million deal
Banking & Finance, Banking Industry, Latest newsPacWest Bancorp has acquired CU Bancorp in a transaction valued at approximately $705 million. CU Bancorp, headquartered in Los Angeles, is the parent of California United Bank, which has branches in Thousand Oaks and Simi Valley. The bank has about $3 billion in assets and nine branches in Los Angeles, Orange, Ventura and San Bernardino Read More →
Caruso hires manager for Rosewood Miramar Beach Montecito
Latest news, TourismHotel leader and pioneer Ali Kasikci will assume the role of Hospitality Asset Manager, Office of the Chairman for Rosewood Miramar Beach Montecito. Rick Caruso announced the appointment on Wednesday. “We are excited to welcome Ali Kasikci, a true legend in the global hospitality industry,” Caruso said. “With his experience leading some of the world’s Read More →
Montecito Bank & Trust owner Towbes stepping down as chairman
Banking & Finance, Banking Industry, Latest news, Real EstateUpdated at 8:40 p.m.: Montecito Bank & Trust founder and owner Michael Towbes will step down from his role as board chairman, the bank announced April 3. The bank, which will continue under ownership by a trust that is overseen by trustees, said it would propose naming current President and CEO Janet Garufis as CEO and Read More →
CSU Channel Islands names new provost
Higher Education, Latest newsGeoffrey Chase has been selected as the new provost for CSU Channel Islands. His first day on the Camarillo campus will be July 6. Chase currently serves as a vice president at the WASC Senior College and University Commission. Previously, Chase was dean of undergraduate studies at San Diego State University, a professor at Miami Read More →
Investment firm asks Deckers Brands to explore sale
Earnings, Latest news, Tri-County Public CompaniesAn investment firm that owns a 3.3 percent stake in Deckers Brands wants the Goleta-based shoe company to explore options for seeking a sale or merger. In a letter dated March 27, Santa Monica-based Red Mountain Capital Partners said it was concerned about the “persistent underperformance” of Deckers’ stock. Red Mountain managing partners Willem Mesdag Read More →
Clean Diesel Technologies reports $23.5 million net loss
Earnings, Latest news, Technology, Tri-County Public CompaniesClean Diesel Technologies reported a $23.5 million net loss March 31, equal to $3.84 per share, for its fiscal year 2016, on revenues of $36.8 million, down 7 percent from $39.7 million in 2015. Fourth quarter revenues for the Oxnard maker of vehicle products fell from $9.7 million in 2015 to $8.6 million in 2016, Read More →
