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Dubroff: City National CEO describes strategy behind $5.4B RBC deal

By   /  Friday, January 30th, 2015  /  Banking & Finance, Banking Industry, Columns, Latest news, Opinion, Top Stories  /  Comments Off on Dubroff: City National CEO describes strategy behind $5.4B RBC deal

Overlooked in some media reports is the fact that with the former Dain Rauscher brokerage firm as part of its existing U.S. footprint, RBC has a strong presence, particularly in the West and Midwest.

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Heritage Oaks accord strengthens BSA controls

By   /  Friday, January 9th, 2015  /  Banking & Finance, Banking Industry, Latest news, Law, Top Stories, Tri-County Public Companies  /  Comments Off on Heritage Oaks accord strengthens BSA controls

The region’s largest community bank signed an agreement with the Federal Deposit Insurance Corp. that was made public at yearend. President and CEO Simone Lagomarsino told the Business Times the accord means the bank will “beef up” its programs and policies to prevent problems down the road.

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Santa Barbara stock promoter charged with fraud

By   /  Friday, January 2nd, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on Santa Barbara stock promoter charged with fraud

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.

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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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