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Montecito Bank & Trust

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Amgen submits data on cancer drug Kyprolis to FDA

By   /  Thursday, July 23rd, 2015  /  Health Care, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen submits data on cancer drug Kyprolis to FDA

Thousand Oaks-based Amgen announced Thursday that it submitted data comparing its new multiple-myeloma drug against a rival to the Food and Drug Administration. Kyprolis is Amgen’s new treatment for multiple-myeloma, which is a form of blood cancer that forms in plasma cells and typically grows in bone marrow. The drug was approved for third-line treatments Read More →

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Thousand Oaks-based Teledyne wins $15 million contract from NASA

By   /  Monday, July 20th, 2015  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Thousand Oaks-based Teledyne wins $15 million contract from NASA

Teledyne Technologies won an out of this world contract Tuesday. Thousand Oaks-based Teledyne announced that it won a $15 million contract from NASA on Monday to build a hyper-spectral remote sensing imaging instrument that will be used on the International Space Station. Teledyne makes instrumentation, digital imaging products and software for aerospace and defense systems. Read More →

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Paso Robles craft brewer Firestone Walker gains Belgian partner

By   /  Friday, July 17th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Paso Robles craft brewer Firestone Walker gains Belgian partner

A Belgian Devil has partnered with the Lion and Bear of Paso Robles. Firestone Walker, the 16th largest craft brewer in the United States, announced July 16 that Duvel Moortgat, the 144-year-old, fourth generation family-owned Belgian brewer, has made a hearty investment in the maker of the popular 805 beer. Industry rumors first put the Read More →

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Banks bet that merger will bolster stock price

By   /  Friday, July 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Banks bet that merger will bolster stock price

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Camarillo-based Semtech to lay off 8 percent of workforce

By   /  Wednesday, July 15th, 2015  /  Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Camarillo-based Semtech to lay off 8 percent of workforce

Camarillo-based Semtech Corp. announced plans to lay off about 8 percent of its workforce. Semtech, which makes analog and mixed signal semiconductors and announced the cuts July 15, didn’t provide details about the total number of employees that will be laid off, or where the cuts will happen. The company said in a news release Read More →

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Montecito Bank & Trust net income jumped 44 percent over prior year

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year

Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →

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American Riviera Bank, The Bank of Santa Barbara plan to merge

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on American Riviera Bank, The Bank of Santa Barbara plan to merge

The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →

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