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Montecito Bank & Trust
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Wells Fargo to open new Santa Barbara location

By   /  Thursday, December 11th, 2014  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories  /  Comments Off on Wells Fargo to open new Santa Barbara location

San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →

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Port of Hueneme sets record revenue

By   /  Wednesday, December 10th, 2014  /  Latest news, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Port of Hueneme sets record revenue

The Port of Hueneme near Ventura County Naval Base pulled in roughly $14.3 million in total gross revenue for 2014—its highest annual revenue number since its inception in 1937, according to a draft audit report. The report was submitted to the port’s Board of Harbor Commissioners on Dec. 8 and indicates that the Port of Read More →

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New lease marks turnaround of $17.8M deal

By   /  Friday, December 5th, 2014  /  Central Coast, Latest news, Real Estate, Top Stories, West Ventura County  /  Comments Off on New lease marks turnaround of $17.8M deal

Passing through Camarillo, commuters will soon have another reminder of their post-holiday weight loss goals as Fitness 19, a national health club chain, recently signed a 10-year lease for almost 20,000 square feet in the Camarillo Plaza Shopping Center. The lease also helps cement the turnaround of previously bankrupt retail property. “We are excited to Read More →

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CSUCI and Navy set education partnership

By   /  Friday, November 28th, 2014  /  Latest news, Subscriber content, Top Stories, West Ventura County  /  Comments Off on CSUCI and Navy set education partnership

On Nov. 24, CSUCI President Richard Rush and Captain Eric Ver Hage, commanding officer of the naval center, signed an educational partnership agreement that enables the two institutions to share resources and expertise.

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Camarillo industrial buildings sell for $54.5M

By   /  Wednesday, November 26th, 2014  /  East Ventura County, Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Camarillo industrial buildings sell for $54.5M

A $54.5 million deal for two industrial buildings in Camarillo is one of the biggest transactions to hit the South Coast real estate market this year. The Mission Oaks Corporate Center, home to Deckers and Addison Behavioral Resources warehouses, was recently sold by a joint venture between Rexford Industrial and Dune Real Estate Partners to Read More →

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Giving back: Montecito Bank & Trust gifts nonprofits $1 million

By   /  Monday, November 24th, 2014  /  Latest news, Nonprofits, Top Stories, Tri-County Economy  /  Comments Off on Giving back: Montecito Bank & Trust gifts nonprofits $1 million

For the 12th consecutive year, Montecito Bank & Trust kicked off Thanksgiving week with $1 million in corporate gifts to regional nonprofits. Precisely 184 organizations received checks at a Nov. 24 luncheon at the Coral Casino at the Four Seasons Santa Barbara Biltmore under a program that the region’s biggest privately owned bank calls “Community Read More →

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North American Oil warns it could run out of cash

By   /  Friday, November 21st, 2014  /  Latest news, Top Stories, West Ventura County  /  Comments Off on North American Oil warns it could run out of cash

Unless North American Oil & Gas Corp. can raise enough capital to cover its operating expenses by Dec. 31, the Ventura company could be forced to close down.

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