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Procore announces second recent acquisition

By   /  Friday, October 22nd, 2021  /  Banking & Finance, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore announces second recent acquisition

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore Technologies secured its second acquisition in as many months when the Carpinteria-based construction software company announced on Oct. 22 it had acquired LaborChart. Financial details were not disclosed for this deal, and a timeline of when it would close was also not provided. Procore did say, however, that the acquisition would not have any Read More →

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Street Smarts: U.S. Bank invests in Central Coast private wealth division; Chamber exec moves on South SLO County

By   /  Friday, October 22nd, 2021  /  Banking & Finance, Banking Industry, Columns, Latest news, Nonprofits, Subscriber content  /  Comments Off on Street Smarts: U.S. Bank invests in Central Coast private wealth division; Chamber exec moves on South SLO County

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Energy Vault preps to go public, could raise $388M

By   /  Thursday, October 21st, 2021  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, middle, Startups, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault preps to go public, could raise $388M

Westlake Village-based Energy Vault disclosed details of its financial performance for the first time in an Oct. 18 filing with the U.S. Securities and Exchange Commission, filed in advance of its public stock offering and its pending merger with a special purpose acquisition company. Energy Vault, a green energy storage company, agreed to go public Read More →

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Citizens Business Bank reports ‘solid loan growth,’ higher earnings in Q3

By   /  Thursday, October 21st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Citizens Business Bank reports ‘solid loan growth,’ higher earnings in Q3

CVB Financial Corp., the parent company of Citizens Business Bank, saw an increase in net income and asset growth for the quarter ended Sept. 30 when compared to the same period last year. Headquartered in Ontario, California, Citizens Business Bank has four branches in Ventura County and one in Santa Barbara. The bank had net Read More →

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Earnings, assets both up at Pacific Premier Bank

By   /  Thursday, October 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Earnings, assets both up at Pacific Premier Bank

Pacific Premier Bancorp saw its net income and assets grow in its most recent quarter, the company announced Oct. 21. The Irvine-based bank, which has nine branches in Santa Barbara and San Luis Obispo counties, reported net income of $90.1 million, or 95 cents per diluted share, for the quarter ended Sept. 30. For the Read More →

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Pacific Western Bank reports year-over-year earnings growth

By   /  Tuesday, October 19th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Western Bank reports year-over-year earnings growth

Los Angeles-based PacWest Bancorp, which has 13 branches in the tri-county region, reported net earnings for the third quarter that were higher than a year before, but down from the previous quarter. In an Oct. 18 release, PacWest Bancorp, the parent company for Pacific Western Bank, reported net earnings of $140 million, or $1.17 per Read More →

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MannKind shares drop 18% after FDA says it will pass on new blood pressure drug

By   /  Monday, October 18th, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, left, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

Shares of Westlake Village-based MannKind Corp. dropped 18% on Oct. 18, after the U.S. Food and Drug Administration did not approve a hypertension treatment the company is developing with United Therapeutics. In a complete letter response, the FDA declined to approve a new drug application for Tyvasio DPI, a treatment being developed by MannKind and Read More →

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