Connexity caps funding at $3 million
Banking & Finance, Latest news, TechnologyVentura-based digital advertising firm Connexity has raised $1.1 million in a financing round led by Santa Barbara-based Rincon Venture Partners with participation from Santa Monica-based Siemer Ventures and has quit seeking seed funding. Connexity was founded by a group of digital ad veterans who previously founded Fastclick, which was sold to Westlake Village-based ValueClick for Read More →
First California hires KBW to test waters for sale
Banking & Finance, Banking Industry, Latest newsIn a move that could foreshadow the sale of the company, Westlake Village-based First California Financial Group has hired an outside investment bank and a law firm to undertake a “strategic review” of the company’s business plan and options. But it is not clear whether the hiring of advisers signals a deal in the works Read More →
Alma Rosa Winery files Ch. 11
Latest news, Tourism, Wine & ViticultureAlma Rosa Winery & Vineyards, a Santa Barbara County operation owned by pinot noir pioneer Richard Sanford, has filed for Chapter 11 bankruptcy protections. The company listed assets between $1 million and $10 million and debts between $1 million and $10 million in its July 27 filing. The winery is nestled on Santa Rosa Road Read More →
Community West lost $591K in Q2
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesShares of Community West Bancshares soared 7.7 percent even as the Goleta-based bank reported a $591,000 second-quarter loss. The parent company of Community West Bank’s latest loss swings away from an $819,000 profit in the first quarter. Including $268,000 in dividends and accretion on preferred stock, Community West’s second-quarter net loss applicable to common stockholders Read More →
Clean Diesel wins Honda contract
Green Coast, Latest news, Technology, Tri-County Public CompaniesVentura-based Clean Diesel Technologies said July 30 that it won a contract to supply catalysts for four- and six-cylinder Honda Accords, some of the best-selling models in North America. The company, known as Catalytic Solutions before a merger in 2010, makes catalytic converters in its Oxnard factory and has about 180 employees. Its converters clean Read More →
Spirit of Small Business 2012 winners announced
Features, Small BusinessThe 10th edition of Spirit of Small Business, the Pacific Coast Business Times’ annual celebration of small business and entrepreneurship in the Tri-Counties, published July 27. This 40-page special section features nine small businesses from Ventura, Santa Barbara and San Luis Obispo counties. To read profiles of the winners, pick up a print copy of Read More →
