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You are here:  Home  >  Tri-County Economy  >  East Ventura County  -  Page 59

Montecito Bank & Trust
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Heritage buy sets stage to compete in big leagues

By   /  Friday, October 25th, 2013  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Heritage buy sets stage to compete in big leagues

With its $56.4 million purchase of another Central Coast bank, Heritage Oaks Bancorp lays the foundation to build the region’s next big community banking franchise and emerges as the dominant player in the market.

Paso Robles-based Heritage Oaks said Oct. 21 that it is buying Mission Community Bank, based in San Luis Obispo, in a cash-and-stock deal expected to close in the first quarter of 2014. The combined bank would have $1.5 billion in assets, making it the largest bank based in the Tri-Counties.

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Ratings agencies unfazed as county pension costs rise

By   /  Friday, October 25th, 2013  /  Banking & Finance, Central Coast, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Ratings agencies unfazed as county pension costs rise

Despite dire warnings that future pension costs could cause a fiscal meltdown for tri-county governments, credit ratings for Santa Barbara, Ventura and San Luis Obispo county bonds remain mostly unaffected by looming gaps in their retirement obligation funding.

Standard & Poor’s, a leading rating agency, ranks all three counties near the top of a scale that spans from its highest AAA to C, the lowest rating a bond can have without defaulting. Santa Barbara County carries the agency’s second highest AA-plus designation. Ventura County is assigned a slightly lower AA-rating this year and SLO County is ranked AA-minus.

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Retired Ventura County sheriff sues for supplemental pension

By   /  Friday, October 18th, 2013  /  East Ventura County, Law, Top Stories, Tri-County Economy, West Ventura County  /  5 Comments

Former Ventura County Sheriff Bob Brooks, whose $283,000 pension is among the largest of any retired government employee in California, is suing the county for a supplemental benefit that would pay him another $75,000 a year.

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Fighting for farming: Santa Paula rancher wrangles with SOAR advocates

By   /  Friday, October 11th, 2013  /  Agriculture, East Ventura County, Features, Real Estate, Tri-County Economy, West Ventura County  /  Comments Off on Fighting for farming: Santa Paula rancher wrangles with SOAR advocates

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New water fees could dry up Ventura projects

By   /  Friday, October 11th, 2013  /  Agriculture, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on New water fees could dry up Ventura projects

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Brown taps Ventura County as one of state’s ‘innovation hubs’

By   /  Tuesday, October 8th, 2013  /  East Ventura County, Latest news, Technology, Tri-County Economy, West Ventura County  /  Comments Off on Brown taps Ventura County as one of state’s ‘innovation hubs’

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Rival bankers place their bets on Ventura County rebound

By   /  Friday, October 4th, 2013  /  Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Rival bankers place their bets on Ventura County rebound

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