OCB Bancorp reports strong growth in first quarter of 2016
OCB Bancorp, parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, reported April 28 that it experienced strong growth in the first quarter of 2016. Loans reached $183 million, increasing by approximately $6 million for the first quarter, for an annualized growth rate of 15 percent. Read More →
Fentons give $1 million to news department at KCLU
Linda and Dennis Fenton of Westlake Village have donated $1 million to the news department of radio station KCLU. The Linda and Dennis Fenton KCLU Radio News Endowment will be used to hire personnel and enhance equipment, programming and production. The National Public Radio station serves Ventura, Santa Barbara and San Luis Obispo counties. The Read More →
American Riviera Bank reports benefits of merger with The Bank of Santa Barbara
Santa Barbara’s American Riviera Bank reported net income of $176,000 or 4 cents per share for the first quarter of 2016, compared to $443,000 or 17 cents per share for the same period in 2015. Operating income excluding costs related to the merger with The Bank of Santa Barbara for the first quarter of 2016 Read More →
Flir Systems beats revenue estimates but misses on earnings per share
Flir Systems topped revenue estimates but missed earnings per share expectations when it reported first quarter 2016 earnings April 26. Flir posted revenues of $379.5 million, trouncing analyst estimates of $357.8 million. That is also up from $344.5 million a year ago. Earnings per share of 30 cents slightly missed analyst estimates of 32 cents Read More →
Lockheed Martin’s first quarter results mixed
Lockheed Martin reported mixed first quarter 2016 earnings results on April 26. During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 Read More →
Study finds Santa Barbara women outearn men
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Impact of Sport Chalet stores closing in Thousand Oaks, Oxnard
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