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Montecito Bank & Trust
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East Coast in focus as Somera Capital reaches $2B mark

By   /  Friday, December 12th, 2014  /  Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories  /  Comments Off on East Coast in focus as Somera Capital reaches $2B mark

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.

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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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A small gain in revenue as Vitesse shifts product strategy

By   /  Thursday, December 4th, 2014  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on A small gain in revenue as Vitesse shifts product strategy

The Camarillo-based firm recorded revenue of $108.5 million, slightly up from $103.8 million the year before.

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Deckers’ new store concept fits move to online shopping

By   /  Friday, November 28th, 2014  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Deckers’ new store concept fits move to online shopping

The D.C. store is the first full realization of the omni-channel concept, unveiled at the Deckers’ Goleta headquarters in March, which uses touchscreens and tablets to turn its stores into a sort of Apple store for shoes.

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Ceres still spending, but looks to generate revenue

By   /  Friday, November 21st, 2014  /  Agribusiness, East Ventura County, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Ceres still spending, but looks to generate revenue

Sitting in public-company-listing limbo with a listing deadline on its current stock price, Thousand Oaks-based energy crop producer Ceres will attempt to continue its numerous pricey research projects by balancing them with new revenue streams.

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Latest

New product breathes life into Inogen third-quarter earnings

By   /  Tuesday, November 11th, 2014  /  Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on New product breathes life into Inogen third-quarter earnings

Inogen has benefited from the October release of its Inogen at Home product, which is the lightest continuous-flow oxygen concentrator available to consumers. It successfully floated an additional 2.4 million shares sold by existing stockholders and has announced an expanded credit line with J.P. Morgan Chase.

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Latest

Sientra debuts on Nasdaq

By   /  Wednesday, October 29th, 2014  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Sientra debuts on Nasdaq

On a day when the Federal Reserve announced the end to its historical bond buying program, Sientra, the Santa Barbara-based medical aesthetics company, made a bit of history of its own. Sientra became the latest company in the Tri-Counties to list on a major stock exchange Oct. 29, selling 5 million shares of common stock Read More →

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