Pacific Premier Bank back in black in Q2
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacific Premier Bancorp, the holding company of Pacific Premier Bank, recorded almost $100 million in net income in the second quarter, a year after losing a similar amount, according to a quarterly report released July 27. The Irvine-based bank has seven branches in San Luis Obispo County and two in Santa Barbara County. Its net Read More →
Amgen to buy biotech startup TeneoBio
Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, left, Top Stories, Tri-County Economy, Tri-County Public CompaniesAmgen announced July 27 that it plans to buy a privately held Bay Area biotech company called TeneoBio in an all-cash deal worth as much as $2.5 billion. The deal is expected to close in the second half of this year and calls for Amgen to pay $900 million up front for all outstanding shares Read More →
Herzog adds new winemaker from Napa
Agribusiness, Latest news, Tri-County Economy, West Ventura County, Wine & ViticultureHerzog Wine Cellars in Oxnard, one of the biggest wineries in the tri-county region, has a new winemaker. The winery announced July 26 that it has hired David Galzignato as senior winemaker and director of winery operations. He will oversee the entire winemaking operation, vineyard management and grower contracts, and will work with head winemaker Read More →
Street Smarts: Before his arrest, Barrack opened up, a little, about Trump years
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SLO County landfill secures private equity loan
Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County EconomyCGL Holdings, the owner of Chicago Grade Landfill in San Luis Obispo County, has secured a $9.5 million term loan from Columbia Pacific Business Finance, a Seattle-based private equity fund. CGL Holdings will use the money to refinance existing debt on the municipal waste landfill and recycling center near Atascadero and distribute proceeds to its Read More →
Pacific Western Bank earnings more than quintuple in Q2
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPacWest Bancorp’s net income shot up more than 440% year-over-year as it saw strong loan growth and core deposit growth. The Los Angeles-based parent company of Pacific Western Bank, which has 15 branches in the tri-county region, recorded net earnings of $180.5 million, or $1.52 per diluted share, in the second quarter of 2021. In Read More →
Bank of the Sierra reports record earnings
Banking & Finance, Banking Industry, Central Coast, Earnings, East Ventura County, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies, West Ventura CountySierra Bancorp reported record earnings boosted by lower loan and lease losses and improvements to the overall economy, the bank announced July 19. The parent company of Bank of the Sierra said it had $11.7 million in net income for the quarter ended June 30, or 76 cents per diluted share, compared to $8.3 million Read More →
