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Montecito Bank & Trust
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QAD reports slight revenue dip, big earnings jump

By   /  Tuesday, November 24th, 2020  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

Profits at Santa Barbara-based software firm QAD hit $3.2 million in the third quarter of 2020, up from $125,000 in the same quarter of 2019, the company announced Nov. 24. QAD had earnings of 16 cents per share, up from just 1 cent per share a year earlier. “We made significant progress toward our long-term Read More →

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Montecito Bank & Trust hands out nearly $1.2M in charitable grants

By   /  Monday, November 23rd, 2020  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, Nonprofits, South Coast, Tri-County Economy, West Ventura County, Women Inc.  /  No Comments

Montecito Bank & Trust upped the ante for the 2020 round of its corporate philanthropy, giving away $1.175 million at its 18th annual Community Dividends program on Nov. 23. The program was presented virtually on Zoom, and around 350 people participated from 194 organizations in Santa Barbara and Ventura counties.  The program was the creation Read More →

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Jobs recovery already losing steam in SLO County

By   /  Monday, November 23rd, 2020  /  left, Tri-County Economy  /  No Comments

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Vandenberg misses out on Space Command headquarters

By   /  Friday, November 20th, 2020  /  Central Coast, Latest news, Technology, Top Stories, Top Story, Tri-County Economy  /  No Comments

The U.S. Air Force announced six finalists for the headquarters for its new U.S. Space Command on Nov. 20, and Vandenberg Air Force Base near Lompoc was not one of them. Vandenberg was one of 24 locations that was self-nominated by their local communities to serve as the headquarters. The six locations selected by the Read More →

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Tri-county unemployment down to 6.8% in October

By   /  Friday, November 20th, 2020  /  Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura County  /  No Comments

The unemployment rate dropped by a full percentage point or more in each of the region’s three counties between September and October, according to data released Nov. 20 by the California Unemployment Development Department. Ventura County’s unemployment rate in October was 7.1%, down from 8.3% the previous month. In Santa Barbara County, the rate was Read More →

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Newsom issues COVID curfew for most of state

By   /  Thursday, November 19th, 2020  /  Central Coast, Central Coast Health Watch, East Ventura County, Latest news, Law, South Coast, Tri-County Economy, West Ventura County  /  No Comments

Gov. Gavin Newsom and the California Department of Public Health announced a limited “stay-at-home order” requiring all non-essential work, travel and gatherings to stop between 10 p.m. and 5 a.m. for the vast majority of the state’s population. The curfew order applies to all counties in California that are in the most restrictive, or purple, Read More →

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CLU economists see the silver lining in Ventura County

By   /  Tuesday, November 17th, 2020  /  Tri-County Economy  /  No Comments

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