Street Smarts: State Street offers the fun kind of scares for Halloween
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Region’s unemployment rate dips below 3%
Latest news, middle, Regions, San Luis Obispo County, Santa Barbara County, Top Stories, Ventura CountyThe unemployment rate in the tri-county region dipped just below 3% in September, as the state of California hit a new record low of 3.9%, according to data released Oct. 21 by the California Employment Development Department. Ventura County’s unemployment rate in September was 3.3%, down from 3.5% in August. In Santa Barbara County, the Read More →
Pacific Premier reports lower loan production, smaller assets than a year ago
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacific Premier Bancorp saw its net income and assets take a sharp dip in its most recent quarter, the company announced Oct. 20. The Irvine-based bank, which has nine branches in Santa Barbara and San Luis Obispo counties, reported net income of $73 million, or 77 cents per share. For the same quarter in 2021, Read More →
Pacific Western Bank reports income dip
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesLos Angeles-based PacWest Bancorp — the parent company of Pacific Western Bank, a bank with 13 branches in the tri-county region — announced a drop in net earnings from last year with net income of $122.2 million, or $1.02 per diluted share, for the third quarter of 2022. In the same quarter last year, the Read More →
Merger of U.S. Bank and Union Bank gets final U.S. approval
Banking & Finance, Banking Industry, Latest news, left, Top StoriesU.S. Bank’s $8 billion acquisition of Union Bank has the green light from U.S. regulators, a big step forward for a deal that could make U.S. Bank one of the biggest retail banking companies in the tri-county region. The deal received its final U.S. regulatory approvals on Oct. 14, more than a year after it Read More →
Street Smarts: Recognition for Miller Wines; grants for STEM students
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Semtech announces $300M in debt placement to help finance Sierra acquisition
Banking & Finance, Latest news, Regions, Technology, Tri-County Public Companies, Ventura CountyThe Camarillo-based semiconductor manufacturer Semtech will raise up to $300 million in a private debt placement to help pay for its pending acquisition of Sierra Wireless. The company announced a $250 million in convertible senior notes on Oct. 6 and upped the total to $300 million the next day. The notes will pay 1.625% interest Read More →
