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Montecito Bank & Trust
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Montecito Bank & Trust reports big quarter due to PPP loans

By   /  Monday, August 10th, 2020  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  No Comments

Montecito 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 →

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For Central Coast space industry, job growth is the Final Frontier

By   /  Monday, August 10th, 2020  /  Latest news  /  No Comments

Henry Dubroff

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Refinancing boom hits Central Coast

By   /  Monday, August 10th, 2020  /  Banking & Finance, Latest news  /  No Comments

This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.

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Pandemic relief grants available for SLO businesses

By   /  Monday, August 10th, 2020  /  Central Coast, Latest news, Small Business, Tri-County Economy  /  No Comments

A 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 →

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The Trade Desk beats analyst estimates, shares top $500

By   /  Thursday, August 6th, 2020  /  Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

Share of The Trade Desk soared past $500 in after-hours trading on Aug. 6 after the company reported a significant earnings beat, as advertising spending started to resume in the second quarter.  Year-over-year revenues declined for the first time for the Ventura-based advertising technology company, but at $139.3 million, they still beat average analyst estimates. Read More →

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Union Bank unveils $10M grant program for underserved communities

By   /  Thursday, August 6th, 2020  /  Banking & Finance, Banking Industry, Latest news, Small Business  /  No Comments

Editor’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 →

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Inogen revenue falls, but Q2 earnings beat analyst estimates

By   /  Tuesday, August 4th, 2020  /  Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Tri-County Public Companies  /  No Comments

The COVID-19 pandemic continued to cut into Inogen’s revenue, as new physician referrals and patient mobility declined during a quarter usually marked by increased patient travel and demand. Revenue fell nearly 30 percent in the second quarter to $71.7 million, missing average analyst estimates, and net income of $2.7 million was down from $9.9 million Read More →

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