Interlink shares rise despite earnings drop
Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyInterlink Electronics shares popped 36 percent to a new 52-week high ahead of an earnings report on Aug. 17 that showed a 15 percent dip in revenue but net income that stayed barely in the black. The results come as the sensor manufacturer is preparing to move into a new headquarters in Irvine and make Read More →
Charges filed in Wolfe & Associates hacking case
Latest news, Law & Goverment, Real Estate, South Coast, Tri-County Economy, West Ventura CountyFelony charges were filed Aug. 12 against six people suspected of hacking into the computer networks of Wolfe & Associates, a Santa Barbara-based property management firm, as part of an unemployment insurance fraud scheme. The suspects—Gordon Alan Welteren, Nicole Michelle Milan, William Lee Gormley and Christina Renata Hesler of San Diego; David Zarate of Oxnard; Read More →
Montecito Bank & Trust reports big quarter due to PPP loans
Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public CompaniesMontecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →
Pandemic relief grants available for SLO businesses
Central Coast, Latest news, Small Business, Tri-County EconomyA public-private partnership in San Luis Obispo began accepting applications Aug. 10 for $260,000 in small business relief grants. The money will go to 52 local businesses, with each one receiving $5,000, according to a city news release. The application period opens at 11 a.m. on Aug. 10 and will remain open until Aug. 24. Read More →
Union Bank unveils $10M grant program for underserved communities
Banking & Finance, Banking Industry, Latest news, Small BusinessEditor’s note: An earlier version of this article contained an error in the headline. Union Bank’s Community Recovery Program is grants, not loans. Union Bank is making it easier for marginalized communities to access much-needed grant funds through a new online portal. The Community Recovery Program is a portal through which the bank is pouring Read More →
Alaska Airlines to add Santa Barbara-San Diego daily flights
Latest news, South Coast, Tourism, Tri-County EconomyAlaska Airlines will fly direct daily from Santa Barbara to San Diego starting Nov. 20, Santa Barbara Airport announced Aug. 4. Alaska Airlines already offers daily service from Santa Barbara to Seattle and Portland. The new flight reduces travel between San Diego and Santa Barbara from a car trip that can take anywhere from four Read More →
Goleta small-business grants available until Aug. 7
Latest news, Restaurants, Small Business, South CoastGrants are available for Goleta’s small businesses, but only for a short time. The grants are being provided by the Santa Barbara Better Together Fund Small Business Grant Program, which was launched in partnership with the city of Goleta, the Santa Barbara Foundation and Deckers Brands. Grants of up to $10,000 will be available for Read More →
