Community West Bancshares income down for fourth quarter but up for 2016
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesCommunity West Bancshares, parent company of Goleta-based Community West Bank, reported net income of $1.3 million in the fourth quarter of 2016, or 16 cents per diluted share, down from $1.9 million in the fourth quarter last year. While net income was down for the quarter, it reached $5.2 million in 2016, up from $2.9 Read More →
La Kretz family donates $6 million to UCSB for research center
Higher Education, Latest newsUC Santa Barbara received a $6 million gift to establish a research center at its Santa Ynez Sedgwick Reserve from Linda La Kretz Duttenhaver and her father, Morton La Kretz. A graduate of the school, La Kretz Duttenhaver has formerly provided funds to renovate a ranch house and barn on the 6,000-acre property the university Read More →
Cynvenio inks deal with Milenia Labs to distribute blood test
Health Care & Life Science, Latest news, TechnologyWestlake Village cancer treatment company Cynvenio Biosystems announced an exclusive agreement with diagnostic test company Milenia Labs to distribute a blood test for breast cancer at its 12 diagnostic centers in Mexico. Financial details of the deal were not disclosed. The test provides real-time information about cancer cell activity for patients who have completed treatment Read More →
America’s Tire to be built on $3.25 million Goleta parcel
Latest news, South CoastA 35,000-square-foot vacant parcel at 151 S. Fairview Ave. in Goleta was sold for $3.25 million with plans to build an America’s Tire. It is one of the few parcels of vacant, developable land in Goleta where a variety of hotels and housing and commercial projects are in the works. It will fit nicely into Read More →
Opes Advisors relocating Santa Barbara office
Latest news, Personal FinanceFinancial services firm Opes Advisors is relocating its Santa Barbara office to the Presidio Avenue neighborhood at the end of the month. The Cupertino-based firm is moving from its 2,600-square-foot 126 E. Carrillo St. space to a 1,200-square-foot location at 800 Presidio Ave. Its lease was up for renewal, the company said. The former Be Read More →
Montecito Bank & Trust reports income drop but strong loan and deposit growth
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSanta Barbara-based Montecito Bank & Trust reported an 8.5 percent drop in net income in 2016 to $14.6 million but saw strong loan and deposit growth. The decrease in net income was due to loan loss reversals in 2015 that were not repeated in 2016. The bank reported loan growth of 22 percent year over Read More →
Digital West completes merger with Norcast Telecom
Latest news, TechnologyDigital West announced Jan. 24 that it completed a merger with its fellow IT network provider Norcast Telecom, both headquartered in San Luis Obispo. Together, they will have 60 employees with no staff reductions planned. “Our two companies have worked closely for more than 10 years; in fact, we work with many of the same Read More →
