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City National hires set stage for South Coast expansion

By   /  Tuesday, May 20th, 2014  /  Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on City National hires set stage for South Coast expansion

City National Bank has hired a team of prominent South Coast private bankers as it gets ready to launch an expansion into Santa Barbara County. The Los Angeles-based bank, one of the largest based in California, said Tuesday that it has hired Leo Hamill, Susan Rogers, Annamarie Cole, Amber Ortiz and Roy Martinez. All are Read More →

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UPDATED: Bank of Santa Barbara CEO search underway

By   /  Friday, May 16th, 2014  /  Banking & Finance, Banking Industry, South Coast, Top Stories, Tri-County Economy  /  Comments Off on UPDATED: Bank of Santa Barbara CEO search underway

The Bank of Santa Barbara is searching for a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules. Eloy Ortega has left his position as chief executive and Joanne Funari has been appointed interim CEO while a special committee recruits a new leader.

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The Bank of Santa Barbara CEO steps down

By   /  Wednesday, May 14th, 2014  /  Banking & Finance, Banking Industry, South Coast, Tri-County Economy  /  Comments Off on The Bank of Santa Barbara CEO steps down

The Bank of Santa Barbara is seeking a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules.

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Amgen shares slide on lackluster Q1 profits

By   /  Tuesday, April 22nd, 2014  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen shares slide on lackluster Q1 profits

Shares of Amgen fell nearly 3 percent in late trading on Tuesday following a weaker-than-expected first quarter earnings report from the world’s biggest biotech company.

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Amgen pays $290M to exit osteoporosis drug deal

By   /  Thursday, April 3rd, 2014  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen pays $290M to exit osteoporosis drug deal

Amgen will pay $290 million to end its collaboration with British drugmaker GlaxoSmithKline to commercialize the osteoporosis drug denosumab in certain markets outside the U.S.

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Cashing out: Bank of America consolidates Simi operations

By   /  Friday, March 21st, 2014  /  Banking & Finance, Banking Industry, Real Estate, Top Stories  /  Comments Off on Cashing out: Bank of America consolidates Simi operations

Bank of America has shed a 1 million-square-foot portfolio of former Countrywide Financial Corp. office buildings for $200 million and plans to consolidate its Simi Valley campus.

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Heritage Oaks names new CFO

By   /  Wednesday, March 12th, 2014  /  Banking & Finance, Banking Industry, Tri-County Public Companies  /  Comments Off on Heritage Oaks names new CFO

Lonny Robinson has been named chief financial officer at Paso Robles-based Heritage Oaks Bancorp. Robinson, previously with Banc of California, will join Heritage Oaks as CFO and executive vice president on March 19.

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