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 →
Teledyne secures Navy contract worth up to $39M
Banking & Finance, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public CompaniesThousand Oaks-based Teledyne Technologies announced July 19 that its subsidiary, Teledyne Brown Engineering, was awarded a U.S. Navy contract for underwater drones worth as much as $39.2 million. The contract has a maximum base value of $27.4 million over five years, with five one-year option periods and a maximum value of $39.2 million if all Read More →
Good Works: Nonprofits honored in Sacramento; new board and staff members in region
Latest news, NonprofitsFive nonprofits in the tri-county region have been named Nonprofit of the Year for 2021 for their California legislative districts. State Sen. John Laird, whose 17th District includes all of San Luis Obispo County, has chosen to honor El Camino Homeless Organization, a nonprofit in San Luis Obispo that helps people struggling with hunger and Read More →
Street Smarts: Gallegly Center expands advisory council; housing trust fund gets $1M
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Santa Barbara city administrator will leave post in September
Latest news, South Coast, Tri-County EconomySanta Barbara City Administrator Paul Casey is stepping down from his role on Sept. 10. The city announced his decision July 16. Casey has been with the city of Santa Barbara for 24 years, according to the city’s news release, and in that time has worked on the passage of Measure C, managing the city’s Read More →
Santa Barbara property manager charged with embezzlement
Latest news, Law & Goverment, Real EstateA property manager in Santa Barbara has been charged with felony embezzlement of his clients, the Santa Barbara County District Attorney’s Office announced July 15. Adam Michael Pirozzi, 40, faces charges of embezzlement, elder abuse and money laundering, as well as a white collar crime enhancement because he is accused of taking more than $500,000. Read More →
