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U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, left, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →

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Paso’s Pearce Services continues acquisition spree

By   /  Monday, September 20th, 2021  /  Central Coast, Energy, Green Coast, Latest news, Technology, Tri-County Economy  /  No Comments

Pearce Renewables, a Paso Robles-based operator of renewable energy structures, announced Sept. 16 that it has acquired Mountain Renewables, a provider of technical field services for wind energy and utility-scale solar. Pearce Renewables is a subsidiary of Pearce Services, a Paso Robles company that services infrastructure in the telecommunications, railroad, energy and utility industries. It Read More →

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Region’s unemployment rate down to 5.9% in August

By   /  Friday, September 17th, 2021  /  Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Region’s unemployment rate down to 5.9% in August

The tri-county region’s unemployment rate dipped below 6% in August for only the second time since the COVID-19 pandemic began, according to a Business Times analysis of data released Sept. 17 by the California Employment Development Department. The combined unemployment rate for Ventura, Santa Barbara and San Luis Obispo counties was 5.9% in August, down Read More →

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Paso Robles gets $2.8M federal grant for broadband

By   /  Thursday, September 16th, 2021  /  Central Coast, Government, Latest news, Technology, Top Stories, Tri-County Economy  /  Comments Off on Paso Robles gets $2.8M federal grant for broadband

The United States Department of Commerce announced Sept. 16 that it will award the city of Paso Robles $2.8 million to expand broadband access and reliability in the city. The money comes from the Department of Commerce’s Economic Development Administration, and will be matched with $707,489 in local funds, according to a news release from Read More →

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UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment

By   /  Friday, September 10th, 2021  /  Central Coast, Latest news, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on UCSB economist: ‘Bad news and good news’ with plentiful jobs but high unemployment

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Changing of the guard at CenCal as longtime CEO set to retire

By   /  Friday, September 10th, 2021  /  Central Coast, Central Coast Health Watch, Latest news, right, South Coast, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on Changing of the guard at CenCal as longtime CEO set to retire

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Paso Robles pursues spaceport designation for its airport

By   /  Friday, September 10th, 2021  /  Central Coast, Government, Latest news, middle, Subscriber content, Technology, Top Stories, Tri-County Economy  /  Comments Off on Paso Robles pursues spaceport designation for its airport

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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