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Montecito Bank & Trust
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Community West Bank opening loan office in Paso Robles

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

Community West Bank announced on Friday that it plans to open a loan production office in Paso Robles. The office, at 725 Creston Road, will open in June and will become Community West Bank’s first Paso Robles Office. “Community West Bank continues to expand our business banking presence on California’s Central Coast,” said Martin Plourd, Read More →

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Manufacturing software provider QAD reports net loss

By   /  Thursday, May 25th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

Santa Barbara-based manufacturing software provider QAD reported a $2.6 million net loss for the fiscal first quarter 2018, ended April 30. Revenues grew 9.1 percent compared to the same period the previous year to $71.4 million, despite a $1.2 million impact from currency. This was primarily driven by a 34 percent increase in subscription revenue Read More →

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Deckers Brands’ losses grow as footwear sales decline

By   /  Thursday, May 25th, 2017  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

Deckers Brands reported a net loss of $15.76 million for its fourth quarter, bringing it to a net loss of $12.7 million for its full fiscal year 2017, compared to $34.6 million in net income the prior year. Shares fell 2.6 percent ahead of the earnings announcement May 25, ending the day at $56.57. The Read More →

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Governor pays tribute to Towbes at memorial service

By   /  Tuesday, May 23rd, 2017  /  Banking Industry, Latest news, Real Estate, South Coast  /  No Comments

Gov. Jerry Brown made a rare appearance in Santa Barbara on May 23, paying a brief but personal tribute to tri-county businessman Michael Towbes. Towbes died April 11 after a battle with pancreatic cancer. He was 87. Speaking at a memorial service that filled the Granada Theatre, Brown described Towbes as “a helluva guy.” Towbes, Read More →

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PennyMac declares dividend of 54 cents

By   /  Tuesday, May 23rd, 2017  /  Latest news, Personal Finance, Tri-County Public Companies  /  No Comments

The board of trustees for PennyMac Mortgage Investment Trust declared a dividend of 54 cents for the Westlake Village company’s stockholders May 23. The dividend will be paid on June 15 to stockholders of record June 1. • Contact Marissa Nall at [email protected]  

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MindBody expects to raise $120 million with stock offering

By   /  Tuesday, May 23rd, 2017  /  Latest news, Technology, Tri-County Public Companies  /  No Comments

San Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →

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Stock soars at The Trade Desk over news of $200 million offering

By   /  Monday, May 22nd, 2017  /  Earnings, Latest news, Tri-County Public Companies, West Ventura County  /  No Comments

The Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →

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