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Montecito Bank & Trust
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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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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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As COVID cases rise, region takes step back on road to re-opening

By   /  Monday, November 16th, 2020  /  Central Coast, Central Coast Health Watch, East Ventura County, Latest news, Law, Restaurants, Small Business, South Coast, Tri-County Economy, West Ventura County  /  No Comments

The entire tri-county region is going back into the most restrictive tier of California’s pandemic reopening system, as a rise in cases across the state forced Gov. Gavin Newsom to take emergency action. Under the state’s rules, all three counties would have re-entered the purple tier on Nov. 24, the Tuesday before Thanksgiving, if case Read More →

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Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales

By   /  Monday, November 16th, 2020  /  East Ventura County, Latest news, Tri-County Economy  /  No Comments

Westlake Village-based Guitar Center plans to file for Chapter 11 bankruptcy, citing the pandemic as a major strain on the company’s resources. In a Nov. 13 news release, Guitar Center said that it had secured up to $165 million in new equity investments to recapitalize the company and reduce its corporate debt by nearly $800 Read More →

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Totten to retire after 18 years as Ventura County district attorney

By   /  Wednesday, November 11th, 2020  /  East Ventura County, Latest news, Law, Tri-County Economy, West Ventura County  /  No Comments

Ventura County will get just its third district attorney in the past 42 years next year, when Greg Totten retires from the post he has held since 2003. Totten announced his retirement on Nov. 10. It will take effect Jan. 9 After he leaves office, he will take the job of chief executive for the Read More →

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PennyMac notches another strong earnings report

By   /  Monday, November 9th, 2020  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  No Comments

PennyMac Financial Services more than tripled its net income over the course of a year when it reported $535.2 million, or $7.03 per share, in its third quarter financial report, up from $121.5 million, or $1.51 per share, in the third quarter of 2019. The Westlake Village-based mortgage lender built on steam from a record Read More →

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