Community West reports income growth in 2020
Community West Bancshares saw its net income rise in 2020, even as it fell slightly in the fourth quarter of the year. The parent company of Goleta-based Community West Bank reported a net income of $8.2 million, or 97 cents per diluted share, for all of 2020, as compared to $8 million, or 93 cents Read More →
Region’s tech firms join exodus to Texas
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SoCalTech founder: It’s hard out there for startups in a pandemic
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PPP loans drove income growth at American Riviera Bank
Net income at American Riviera Bank increased in both the fourth quarter and full year of 2020, on the back of high loan growth and other positive factors, the bank announced Jan. 28. The Santa Barbara-based bank said its annual unaudited net income was up 15% from the previous year. In 2019, American Riviera Bank Read More →
Stop-and-start reopening starts again
Restaurants are open outdoors again, as California is back under the county-by-county tiered reopening system after more than a month under a stay-at-home order that split the state into five regions. Ventura, Santa Barbara and San Luis Obispo counties are all again in the state’s purple tier, the most restrictive one, as cases in the Read More →
Kate Farms closes Series B round with another $9M
Plant-based meal replacement producer Kate Farms saw a new backer join its series B funding round when it announced Jan. 26 that Main Street Advisors joined Goldman Sachs and Kaiser Permanente Ventures to invest $9 million, closing the round at $60 million. Kate Farms, which is headquartered in Santa Barbara, has told the Business Times Read More →
Inogen names new CEO
Inogen, a medical device company in Goleta that makes portable oxygen concentrators, named a new president and CEO on Jan. 27. Nabil Shabshab, 56, will lead the company starting Feb. 8, Inogen said. He has spent the last nine years with the medical technology company Becton Dickinson and Company, including the past three and a Read More →
