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Montecito Bank & Trust

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Amgen revenues fall but profits increase

By   /  Wednesday, April 26th, 2017  /  Earnings, East Ventura County, Health Care, Latest news, Technology, Tri-County Public Companies  /  No Comments

Thousand Oaks-based biotech giant Amgen’s total revenues decreased by 1 percent to $5.5 billion during the first quarter of 2017, compared to the same period a year ago, according to an earnings report April 26. The drop was related to the plunge in sales of Enbrel, its rheumatoid arthritis drug. Sales decreased 15 percent due Read More →

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Deckers Brands considering putting itself up for sale

By   /  Tuesday, April 25th, 2017  /  Latest news, South Coast  /  No Comments

Deckers Brands, the Goleta-based maker of Ugg boots and other footwear, said April 25 that it is considering strategic alternatives that could include selling the company. Red Mountain Capital Partners, an investment firm that owns a 3.3 percent stake in Deckers, has been pressuring Deckers’ management team to explore options that include a sale or Read More →

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Marsha Bailey 101 One Hundred winners honored

By   /  Tuesday, April 25th, 2017  /  Latest news  /  No Comments

The Business Times would like to congratulate all of this year’s 101 One Hundred winners, as well as Marsha Bailey, who became the 15th member of the Business Times Hall of Fame. The featured firms and organizations listed below are comprised of the region’s top 50 private companies (ranked by revenue), top 25 publicly traded Read More →

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Bank of the Sierra acquiring Ojai Community Bank

By   /  Tuesday, April 25th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  No Comments

Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →

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Murdock files for $100 million IPO at Dole Food

By   /  Tuesday, April 25th, 2017  /  Agriculture, East Ventura County, Latest news  /  No Comments

Agribusiness giant Dole Food, the tri-county region’s largest private company, filed for an initial public offering of up to $100 million with the Securities and Exchange Commission on April 24. Owner David Murdock, 94, is taking the company public for the third time. He ranks fourth on the Pacific Coast Business Times Region’s Richest list, Read More →

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Montecito Bank & Trust reports growth in assets, loans, deposits and income

By   /  Friday, April 21st, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast  /  No Comments

Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →

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Carpinteria software company Procore opening office in Australia

By   /  Friday, April 21st, 2017  /  Latest news, South Coast, Technology, Tri-County Public Companies  /  No Comments

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Construction software company Procore, based in Carpinteria, has opened a new office in Sydney, Australia. The addition of the new location is a response to high demand in Australia and New Zealand, the company said in a news release April 20. Its customers have reached more than 100 in the region, with more than 50,000 Read More →

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