Update: This article was updated on March 13 to include stock prices of banks both inside and outside the region as well as include an exclusive interview with American Riviera Bank President Jeff Devine. This article was updated again on March 14 to update stock prices. Regional bank stocks were headed into recovery mode on Read More →
The chair of the region’s biggest bank a leading economist responded quickly to the biggest bank failure since the financial crisis with reassurances that Silicon Valley Bank is unlikely to have broad impacts. Based in Santa Clara, Silicon Valley Bank had its doors closed and its deposits seized by the Federal Deposit Insurance Corp., the Read More →
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Following a successful launch at the beginning of February, American Riviera Bank’s new outpost in Santa Maria is set to meet the diverse financial needs of a region rapidly expanding both economically and as a community. And in just that short time, things are going well, if not better than expected, executives at the bank Read More →
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AeroVironment, headquartered in Virginia but still maintains operations in Simi Valley and Moorpark, saw a huge bump in revenue when the company released its earnings results for the third quarter after the markets closed March 6. A maker of drones, AeroVironment reported revenue worth $134.4 million for the quarter ended Dec. 31, an increase of Read More →
