Staff Report | Pacific Coast Business Times

Staff Report | Wednesday, October 28th, 2015

Shareholders approve proposed American Riviera Bank and The Bank of Santa Barbara merger

Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies

American Riviera Bank and The Bank of Santa Barbara shareholders approved the banks’ proposed merger, the institutions announced on Oct. 27. The merger is expected to close by January 2016, pending final regulatory approval. The combined companies, which will go by American Riviera Bank, will have branches in downtown Santa Barbara, Montecito and Goleta Read More →

Staff Report | Tuesday, October 27th, 2015

Inphi third quarter earnings beat analyst estimates

Earnings, Latest news

Inphi Corp. beat analyst estimates by a penny when the company released third quarter earnings on Oct. 27. The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a large engineering force in Thousand Oaks. Inphi Corp. earnings were 25 cents per share, one cent greater Read More →

Staff Report | Tuesday, October 27th, 2015

FDA OKs Amgen skin cancer drug Imlygic

Health Care & Life Science, Latest news, Top Stories, Tri-County Public Companies

The U.S. Food and Drug Administration on Oct. 27 approved Amgen’s cancer immunotherapy drug Imlygic for use in patients with the most deadly types of skin cancer. Imlygic, which is the first immunotherapy like this to gain approval for use in the U.S., is a genetically modified herpes virus that is designed to replicate itself Read More →

Staff Report | Monday, October 26th, 2015

First Mortgage Corp. closing Ventura branch

Banking Industry, Latest news

Ontario-based loan provider First Mortgage Corp. is closing its doors, including a branch in Ventura, the company announced on Oct. 26. First Mortgage stopped giving out loans in July, according to the news release. It is in the process of selling off or liquidating its loan and servicing portfolios and its loan origination offices. Its Read More →

Staff Report | Monday, October 26th, 2015

Port of Hueneme gets $12.3 million grant

Latest news, Top Stories, West Ventura County

The Port of Hueneme has been awarded a $12.3 million grant from the U.S. Department of Transportation for improvements. “This is a big win for the Port of Hueneme. As one of the crown jewels of Ventura County, the economic impact of the port on our local economy cannot be overstated,” said Congresswoman Julia Brownley, Read More →

Staff Report | Friday, October 23rd, 2015

Fire breaks out at Sientra manufacturer

Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Public Companies

Goleta breast implant developer Sientra said there had been a fire at the factory of its manufacturer in Brazil, the company announced on Oct. 23. Sientra did not say how big the fire was or if it would impact manufacturing at Silimed, the largest producer of silicone implants in South America. The company didn’t specify Read More →

Staff Report | Thursday, October 22nd, 2015

Goleta’s Community West Bank has strong third quarter

Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies

Community West Bancshares, parent company of Community West Bank headquartered in Goleta, reported on Oct. 22 net income of $1.6 million in the third quarter of 2015 compared to net income of $1.7 million in the third quarter a year ago. Community West reported net income of $1.0 million in the first nine months of Read More →