Former Wonder Bread bakery slated for downtown Ventura apartments
Real Estate, Top Stories, Tri-County Economy, West Ventura CountyA Ventura County investment group has purchased a former Wonder Bread bakery site in downtown Ventura and plans to build a 24-unit luxury apartment complex there. The property at 72 W. Santa Clara St. was sold for just over $1 million, according to Colliers International, which represented both parties in the deal. “City officials Read More →
Bank of America names market president
Banking & Finance, Banking Industry, Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura CountyDiana Gleason has been named market president for Bank of America in Ventura and Santa Barbara counties. Most recently, Gleason was a regional sales executive for Bank of American Home Loans for Ventura, Santa Barbara and San Luis Obispo counties and West Los Angeles. She has been in the banking industry for nearly 40 years Read More →
Amgen to slash 2,400 jobs, shrink Thousand Oaks HQ
Earnings, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public CompaniesThousand Oaks-based Amgen will cut staff at its Conejo Valley headquarters and consolidate into fewer buildings as part of a company-wide restructuring plan that will eliminate between 2,400 and 2,900 jobs and shutter facilities in Colorado and Washington. Amgen said the moves are designed to reduce operating expenses by $700 million by 2016, money that Read More →
Heritage Oaks Q2 profits jump 25%
Banking & Finance, Banking Industry, Central Coast, South Coast, Tri-County EconomyPaso Robles-based Heritage Oaks Bancorp’s second-quarter profits jumped 25.1 percent to $2.9 million. Net income from its acquisition of Mission Community Bancorp in February drove the increase, Heritage Oaks said in a July 28 earnings release. The bank’s loans grew 46.9 percent to $1.1 billion, year-over-year, as it added $280.7 million of Mission’s loans to Read More →
Community West Bank profits fall 19.8 percent
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesGoleta-based Community West Bancshares, the holding company for Community West Bank, reported that earnings per diluted share fell to $0.18 for the second quarter while net interest income rose to $6.3 million.
Teledyne revenues dip as profits, outlook rise
Earnings, Latest news, Technology, Tri-County Public CompaniesThough Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.
