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Montecito Bank & Trust
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Goleta breast implant maker Sientra shakes up C-Suite

By   /  Thursday, November 12th, 2015  /  Health Care, Latest news, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Goleta breast implant maker Sientra shakes up C-Suite

  The writing was on the wall at Sientra. On Nov. 12, the company’s top executives took the fall. The embattled Goleta-based breast implant manufacturer cleaned house Thursday afternoon. Sientra founder and CEO Hani Zeini stepped down as CEO and he will be replaced by industry veteran Jeffrey Nugent. Nicholas Simon also resigned as chairman Read More →

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Inogen’s third quarter earnings beat Wall Street expectations

By   /  Wednesday, November 11th, 2015  /  Earnings, Health Care, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen’s third quarter earnings beat Wall Street expectations

  Inogen, a Goleta-based maker of direct-to-consumer respiratory products, beat analyst estimates for revenue when the company released third quarter earnings on Nov. 10. Revenues were up 38.7 percent from $29.4 million during the third quarter of last year to $40.8 million this year. Analysts had predicted revenues of $37 million. Inogen also reported adjusted Read More →

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Port Hueneme’s Stellar Biotechnologies trading on Nasdaq

By   /  Friday, November 6th, 2015  /  Latest news, Technology, Tri-County Public Companies, West Ventura County  /  Comments Off on Port Hueneme’s Stellar Biotechnologies trading on Nasdaq

Port Hueneme-based Stellar Biotechnologies started trading on the Nasdaq stock exchange Nov. 5. Stellar makes a protein for immunotherapy treatments using a unique sea snail only found off the coastal shores of a small part of California. Shares opened at $8.74 on Nov. 5 and were trading on the Nasdaq at $9.40 as of 11:30 Read More →

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Goleta’s Sientra reassures investors, surgeons

By   /  Friday, November 6th, 2015  /  Health Care, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Goleta’s Sientra reassures investors, surgeons

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Sientra sends letter to surgeons about breast implant production

By   /  Friday, October 30th, 2015  /  Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Sientra sends letter to surgeons about breast implant production

  Sientra CEO Hani Zeini issued a letter to plastic surgeons Oct. 30 outlining what the Goleta-based breast implant manufacturer needs to do to restart production at its plant in Brazil. Zeini also implied in the letter that the Food and Drug Administration is going to make a decision regarding Sientra products, which is something Read More →

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Heritage Oaks Bancorp increases third quarter earnings

By   /  Thursday, October 29th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Heritage Oaks Bancorp increases third quarter earnings

Paso Robles-based Heritage Oaks Bancorp reported $4 million in net income, or 12 cents per share, for the third quarter of 2015. That was up from $3.4 million, or 10 cents per share, recorded in the third quarter of last year. Loans grew 4.8 percent, or $55.2 million, to $1.21 billion in the third quarter Read More →

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Teledyne sales dropped in third quarter

By   /  Thursday, October 29th, 2015  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne sales dropped in third quarter

Sales slumped once again for Teledyne Technologies in the third quarter. The Thousand Oaks-based industrial conglomerate said it saw sales decline for the third straight quarter when it released third quarter earnings on Oct. 29. Sales fell 7.6 percent from $601.1 million during the third quarter of 2014 to $555.4 million this year. Because of Read More →

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