Calavo CFO to step down
Calavo Growners, a Santa Paula-based distributor of avocados and other produce, announced May 3 that its CFO will be leaving the company. When Mariela Matute steps down on May 19 and CEO Brian Kocher takes over as interim CFO, Calavo will have its fifth permanent or interim CFO in the past two years. John Lindeman Read More →
Montecito Bank reports growth in assets, drop in loans for Q1
Montecito Bank & Trust’s assets increased more than 14% in the year ended March 31, with “strong” deposit growth, the bank said in its May 2 first-quarter earnings release. The Santa Barbara-based bank, the largest financial institution based in the tri-county region, said its total assets rose $302.45 million, closing at $2.39 billion, at the Read More →
Income grows at Community West Bank as PPP loans phase out
Net income for Goleta-based Community West Bancshares increased more than 31% for the quarter ended March 31, to $4 million, or 45 cents per diluted share, the company announced April 29. The holding company for Community West Bank reported net income of $3 million, or 35 cents per diluted share, for the same period last Read More →
Street Smarts: Caruso picks up another business endorsement for LA mayor
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Recycling and the pursuit of a ‘circular economy’
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Dubroff: Rising costs are taking a big bite out of profits for small businesses
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Newsom says state may try to keep Diablo Canyon nuclear plant open past 2025
In a move that caught Central Coast politicians scrambling for details, Gov. Gavin Newsom signaled on April 29 that he might try to keeping the Diablo Canyon nuclear plant near San Luis Obispo open beyond its scheduled 2025 closure. During a meeting with the Los Angeles Times editorial board, Newsom opened the door to California Read More →
