Jay-Z’s cannabis company buys Santa Barbara dispensary operator
Coastal Holdings Company, a Santa Barbara-based cannabis dispensary and delivery operator, was purchased by The Parent Company, a publicly traded cannabis firm backed by the rapper Jay-Z, in a deal worth as much as $56.2 million. According to details of the transaction, which The Parent Company announced Oct. 4, The Parent Company is seeking to Read More →
Region ready to re-open doors to international visitors
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Community West Bank names new president
Goleta-based Community West Bancshares announced Oct. 4 that William Filippin, a 26-year banking industry veteran, has been promoted to president of Community West Bank. Filippin’s responsibilities include day-to-day decisions about policy, procedure and process, according to a news release from Community West Bancshares. He began his new role on Oct. 1. “Bill’s strategic contributions over Read More →
Real Estate: New CRE firm hits the scene in Sal Luis Obispo County
A new full-service commercial real estate firm has opened in San Luis Obispo County, specializing in real estate investment sales and leasing for clients on the Central Coast. Archer + Co, headquartered in Los Osos, provides complimentary property valuations, wealth and asset preservation planning and investment opportunities, among other services. Patrick Archer Wilkinson, a real Read More →
Two Central Coast marketing companies rake in 8-figure financing deals
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Former Mindbody CEO Rick Stollmeyer’s next big thing is a drone company
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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 →
