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Wells Fargo to open new Santa Barbara location

By   /  Thursday, December 11th, 2014  /  Banking & Finance, Banking Industry, Latest news, South Coast, Top Stories  /  Comments Off on Wells Fargo to open new Santa Barbara location

San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15. The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in Read More →

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Ojai Community Bank opens South Coast outpost

By   /  Thursday, October 23rd, 2014  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Ojai Community Bank opens South Coast outpost

Santa Barbara’s newest banking office, Santa Barbara Community Bank, opened its doors quietly on Oct. 22.

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Teledyne to raise $125M in debt sale

By   /  Tuesday, September 23rd, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Tri-County Economy  /  Comments Off on Teledyne to raise $125M in debt sale

Thousand Oaks-based industrial conglomerate Teledyne Technologies hopes to raise up to $125 million in operating capital by selling debt. The company said that on Dec. 4 it will issue $30 million of senior unsecured notes at 2.6 percent due Dec. 4, 2019 and $95 million of 3.1 percent senior unsecured notes due on Dec. 6, Read More →

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Ventura County Credit Union purchases former Affinity Group HQ

By   /  Monday, August 18th, 2014  /  Banking & Finance, Banking Industry, East Ventura County, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Ventura County Credit Union purchases former Affinity Group HQ

Ventura County Credit Union has purchased the 73,000-square-foot office building at 2575 Vista Del Mar Drive in Ventura for its new headquarters. The property was previously the corporate home of Affinity Group. The purchase price was not disclosed. The property previously changed hands for $4.4 million in late 2012, property records show. The credit union Read More →

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Santa Barbara Community Bank to open on Carrillo Street

By   /  Friday, August 15th, 2014  /  Banking & Finance, Banking Industry, Real Estate, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Santa Barbara Community Bank to open on Carrillo Street

OCB Bancorp has taken over the 1,600-square-foot space at 21 E. Carrillo St. in downtown Santa Barbara for its new Santa Barbara Community Bank division. The location is a new branch for Ojai-based OCB Bancorp, which announced last month that it had tapped veteran banker Eloy Ortega to lead its expansion into the South Coast. Read More →

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Bank of America names market president

By   /  Tuesday, August 5th, 2014  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, South Coast, Tri-County Economy, West Ventura County  /  Comments Off on Bank of America names market president

Diana Gleason has been named market president for Bank of America in Ventura and Santa Barbara counties. Most recently, Gleason was a regional sales executive for Bank of American Home Loans for Ventura, Santa Barbara and San Luis Obispo counties and West Los Angeles. She has been in the banking industry for nearly 40 years Read More →

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Santa Maria farmer files Chapter 7 amid legal battle with bank

By   /  Friday, August 1st, 2014  /  Agribusiness, Banking & Finance, Banking Industry, Central Coast, Law, Top Stories, Tri-County Economy  /  Comments Off on Santa Maria farmer files Chapter 7 amid legal battle with bank

A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.

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