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Montecito Bank & Trust
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Calavo Growers to pay 95 cent dividend to shareholders

By   /  Thursday, October 5th, 2017  /  Agriculture, Earnings, Latest news, Tri-County Public Companies  /  No Comments

Santa Paula avocado distributor Calavo Growers announced Oct. 4 that it would pay a 95 cent dividend to shareholders, for a total of $16.7 million. Shareholders of record as of Nov. 17 will receive the dividend on Dec. 8. The company said in a news release that it was the sixth year that it had Read More →

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American Riviera Bank buys building for Paso Robles branch

By   /  Thursday, October 5th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  No Comments

American Riviera Bank has completed the purchase of a building in Paso Robles that will house its newest branch, the bank announced on Oct. 3. Located at 1601 Spring St., the branch is set to open in early 2018 and will be the first full-service branch of American Riviera Bank in San Luis Obispo County. Read More →

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Pacific Premier Bancorp on Fortune magazine’s Fastest Growing Companies list

By   /  Tuesday, October 3rd, 2017  /  Banking & Finance, Banking Industry, Latest news  /  No Comments

Story updated at 10:20 a.m. Oct. 5: The holding company for Pacific Premier Bank, Pacific Premier Bancorp, has been ranked 21st on Fortune magazine’s Fastest Growing Companies for 2017. The magazine ranks publicly traded companies based on a formula that considers revenue growth rate, earnings per share growth rate and three-year annualized total return for Read More →

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Mannkind stock soars over new label info for Afrezza

By   /  Monday, October 2nd, 2017  /  Earnings, Health Care, Latest news, Technology, Tri-County Public Companies  /  No Comments

Westlake Village biotech company Mannkind received approval to update the prescribing information for its inhalable insulin product, Afrezza, making it easier to market to customers. The new label information clarifies starting and adjusting mealtime dosages, as well as initial and peak effects, and helps the company avoid confusing language, CEO Michael Castagna said in a Read More →

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CalAmp reports revenue decline but net income up

By   /  Thursday, September 28th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies, West Ventura County  /  No Comments

Information technology company CalAmp reported on Sept. 28 a slight drop in revenue for its second quarter but a dramatic increase in net income, bringing in $12.2 million, or 34 cents per share. The company, which has operations in Oxnard, brought in $89.8 million during the quarter, down slightly from $90.5 million in the second Read More →

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Ojai Community Bank sale to close Sept. 29

By   /  Tuesday, September 26th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news  /  No Comments

The Bank of the Sierra took the final step toward closing its acquisition of the parent company of Ojai Community Bank on Sept. 22, with the announcement that OCB Bancorp shareholders had voted to approve the deal. The announcement was made a day after the OCB Bancorp shareholder vote. Ojai Community Bank will close on Read More →

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Our view: Santa Barbara investment policy a costly maneuver

By   /  Friday, September 22nd, 2017  /  Banking Industry, Editorials, Latest news, Opinion  /  No Comments

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