American Perspective reports $462K in profits ahead of PacWest deal
Banking & Finance, Banking Industry, Latest newsAmerican Perspective Bank, the San Luis Obispo-based lender being pursued by PacWest Bancorp, reported first-quarter profits of $462,000, about the same as it earned in the same period a year earlier. American Perspective is being purchased by Los Angeles-based PacWest, parent of Pacific Western Bank, in a $58.1 million deal announced April 30. The offer Read More →
$58.1M PacWest offer puts American Perspective in bidding war
Banking & Finance, Banking IndustryPacWest Bancorp’s $58.1 million offer to buy American Perspective Bank has trumped an earlier deal for the Central Coast lender. The April 30 acquisition offer from Los Angeles-based PacWest, parent of Pacific Western Bank, comes three weeks after Umpqua Holdings Corp. of Oregon said it would buy American Perspective for $44.7 million in cash, or Read More →
Community West earned $819K in Q1
Banking & Finance, Banking Industry, Latest newsFirst-quarter profits at Community West Bancshares were up 38 percent to $819,000, the Goleta-based banking company said April 30. The parent of Community West Bank is under regulatory orders from the Federal Reserve Bank of San Francisco and Office of the Comptroller of the Currency that limit its ability to pay out dividends, sell stock Read More →
Driving on Sunshine: Electric Ford Focus kicks off tour in Santa Barbara
Features, Green CoastA Santa Barbara-based environmental group plans to install electric car chargers up and down the Highway 101 corridor in the Tri-Counties.
NiMin finds buyer for California oil assets
Latest newsNiMin Energy is selling its San Joaquin Valley assets for $27 million, inching closer to the dissolution of the company. The news comes after NiMin, an independent oil and gas firm based in Carpinteria, said earlier this week that it is selling its Wyoming assets for $98 million and dissolving the company. For the past Read More →
Deckers stock slips as profits drop 59%
Banking & Finance, Earnings, Latest news, Tri-County Public CompaniesUnseasonably warm weather dampened first-quarter profits at Ugg boot maker Deckers Outdoor Corp and sent its share price tumbling more than 18 percent after the earnings announcement. The Goleta-based footwear company reported April 26 that quarterly profits were down 59 percent to $7.9 million, or 20 cents per share. The earnings drop came even as Read More →
