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Montecito Bank & Trust

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Santa Barbara IT provider Curvature names new CEO

By   /  Wednesday, September 20th, 2017  /  Latest news, Technology, Tri-County Public Companies  /  No Comments

Santa Barbara IT maintenance and network provider Curvature announced that it had named a new CEO, Peter Weber, following its merger with Charlotte, N.C.-based SMS Systems. Weber, formerly of Carpathia, which was acquired by Kansas-based QTS Data Centers in 2015, joined Curvature as executive chairman of its board of directors earlier this year. He also Read More →

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CalAmp acquires minority stake in ThinxNet

By   /  Tuesday, September 19th, 2017  /  Latest news, Technology, Tri-County Public Companies  /  No Comments

CalAmp, an Irvine-based Internet of Things company with operations in Oxnard, announced a deal Sept. 19 to acquire a minority stake in Munich, Germany connected car company ThinxNet. The German startup uses technology to enable fuel payments by smartphone and create a network of gas stations. The two companies said they had been working together Read More →

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Dole Food lays off another 400 berry workers

By   /  Tuesday, September 19th, 2017  /  Agriculture, East Ventura County, Latest news, Tri-County Public Companies  /  No Comments

Westlake Village-based Dole Food continued to downsize its California berry operations with a layoff of more than 400 workers in Watsonville. The company submitted a notice to the California Employment Development Department at the end of August stating that the employees would be laid off effective Oct. 28. This comes after the announcement that 172 Read More →

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Limoneira stock soared as hurricane hit Florida

By   /  Friday, September 15th, 2017  /  Agriculture, Latest news, Tri-County Public Companies  /  No Comments

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Activist investor nominates 10 candidates for Deckers board

By   /  Thursday, September 14th, 2017  /  Latest news, South Coast, Tri-County Public Companies  /  No Comments

Activist investor Marcato Capital Management nominated 10 candidates for the board of directors for Goleta-based Deckers Brands. The shoe company confirmed that it had received the nominations in a news release issued Sept. 13. Earlier in the month, Deckers set a Sept. 15 deadline for nominations and pushed back its annual stockholders meeting, usually held Read More →

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Limoneira reports revenues up but net income down

By   /  Monday, September 11th, 2017  /  Agriculture, Earnings, Latest news, Tri-County Public Companies, West Ventura County  /  No Comments

Santa Paula citrus producer and real estate investment company Limoneira reported on Sept. 11 a slight increase in revenues for its third quarter, ended July 31, but a drop in net income to $7.7 million, or 52 cents per share. Avocado production fell by nearly half, since the crop bears in alternate years, but declines Read More →

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Involve your children in philanthropy

By   /  Friday, September 8th, 2017  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Personal Finance  /  No Comments

By Mike Feldman Over the next few decades, an estimated $30 trillion is expected to pass from baby boomers to their heirs in the biggest wealth transfer in history. Unfortunately, most family wealth is earned and lost within three generations. Engaging the younger generations in philanthropic efforts is one way to prepare them for future Read More →

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