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Coast National Bank parent raises $6.8M in private placement

By   /  Friday, June 13th, 2014  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Coast National Bank parent raises $6.8M in private placement

Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock Read More →

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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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