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Montecito Bank & Trust
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Limoneira Co. reports increased annual revenue, fourth-quarter loss

By   /  Monday, January 12th, 2015  /  Agribusiness, Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Limoneira Co. reports increased annual revenue, fourth-quarter loss

Santa Paula-based Limoneira Co. reported revenue of about $7 million for fiscal year 2014, along with a $2.8 million loss for the year’s fourth quarter.

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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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Santa Barbara stock promoter charged with fraud

By   /  Tuesday, December 23rd, 2014  /  Banking & Finance, Latest news, Law, Personal Finance, South Coast, 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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Latest

Remembering the banking visionary who built SBB&T

By   /  Tuesday, December 23rd, 2014  /  Banking & Finance, Latest news, Top Stories  /  Comments Off on Remembering the banking visionary who built SBB&T

Donald M. Anderson, a Minnesota native whose vision drove Santa Barbara Bank & Trust’s rise to the top of the region’s financial institutions, died earlier this month in Santa Barbara. He was 86.

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Latest

Albertsons & Safeway to sell 168 stores before merger is approved

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy  /  1 Comment

The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.

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Latest

LTC Properties raises $24.5M through sale of shares

By   /  Friday, December 19th, 2014  /  Banking & Finance, Latest news, Real Estate, Top Stories, Tri-County Public Companies, West Ventura County  /  Comments Off on LTC Properties raises $24.5M through sale of shares

According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.

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