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Montecito Bank & Trust
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QAD reports slight revenue dip, big earnings jump

By   /  Tuesday, November 24th, 2020  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

Profits at Santa Barbara-based software firm QAD hit $3.2 million in the third quarter of 2020, up from $125,000 in the same quarter of 2019, the company announced Nov. 24. QAD had earnings of 16 cents per share, up from just 1 cent per share a year earlier. “We made significant progress toward our long-term Read More →

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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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Resonant reports growing revenue, shrinking losses

By   /  Tuesday, November 10th, 2020  /  Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  No Comments

Resonant, a Goleta-based cellular technology company, reported its third quarter earnings on Nov. 10 with a net loss of $6.1 million, or 11 cents per share. That was an improvement upon the same quarter a year ago, where Resonant had a net loss of $7.4 million, or 26 cents per share. Revenue in the third Read More →

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Sientra shares up on news of earnings, new CEO

By   /  Tuesday, November 10th, 2020  /  Banking & Finance, Central Coast Health Watch, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  No Comments

Goleta-based medical and surgical device company Sientra saw total net sales drop in the third quarter and a net loss of $5.8 million, or 12 cents per share, though the company said its financial performance improved in key areas. The company released its quarterly report on Nov. 9, the same day it named a new Read More →

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