Heritage Oaks Bancorp misses fourth-quarter estimates
Banking & Finance, Banking Industry, Earnings, Latest newsPaso Robles-based Heritage Oaks Bancorp earnings missed analyst estimates for the fourth quarter but earnings were significantly up on the year. Heritage Oaks reported net income of $3.5 million, or 10 cents per share, for the fourth quarter. That missed analyst expectations of 11 cents per share and was down from $4.2 million net earnings, Read More →
Amgen Tour of California to include Thousand Oaks to Santa Barbara leg
East Ventura County, Health Care & Life Science, Latest news, Tourism, Tri-County Public CompaniesOrganizers of the 12th annual Amgen Tour of California bicycle race announced the full route on Jan. 28. The 2016 race will run 782.7 miles from San Diego to Sacramento from May 15 to May 22. This year will also be just the second time out of 11 previous races that the route runs south Read More →
Amgen revenues up 8 percent in 2015
Earnings, East Ventura County, Health Care & Life Science, Latest news, Top Stories, Tri-County Public CompaniesDespite increased competition from biosimilars and blockbuster mergers by its rivals, Amgen revenues rose 8 percent to $21.67 billion in 2015 from $20.06 billion in 2014. Thousand Oaks-based biotech giant Amgen released its fourth-quarter earnings after markets closed on Jan. 28. Quarterly revenues were also up 4 percent to $5.54 billion in 2015 from $5.33 Read More →
Montecito Bank & Trust profits up 21 percent in 2015
Banking & Finance, Banking Industry, Earnings, Latest newsSanta Barbara-based Montecito Bank & Trust reported net income of $15.9 million for 2015, up from $13.1 million in 2014. Total gross loans grew 17 percent year-over-year, totaling $711 million on Dec. 31. Total assets were up $53 million in 2015 to $1.2 billion. Total deposits increased 4.5 percent to $1.1 billion, up $48 million. Read More →
Community West Bancshares fourth-quarter income down from previous year
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesCommunity West Bancshares, parent company of Community West Bank headquartered in Goleta, reported a net income of $1.9 million for the fourth quarter of 2015, down from $2.2 million the previous year. For the full year, Community West reported net income of $2.9 million, down from $7 million in 2014. Excluding the $7.1 million net Read More →
Pacifica Hotels buys Milner Hotel in Los Angeles
Latest news, Real Estate, TourismPacifica Hotels purchased The Milner Hotel in downtown Los Angeles, the company announced on Jan. 25. Pacifica is one of the largest independent hotel owners and operators along the Pacific Coast with an office on Cliff Drive in Santa Barbara. The company said it is evaluating its long-term strategy for the property at 813 S. Read More →
Cal Poly and UCSB set application record
Higher Education, Latest newsCal Poly San Luis Obispo and UC Santa Barbara received a record number of applications from prospective freshmen and transfer students. Nearly 57,000 Cal Poly hopefuls applied for the upcoming 2016-17 school year, the college said Jan. 15 in a news release. That was a 2.8 percent increase from the incoming freshmen who applied last year and Read More →
