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Montecito Bank & Trust
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Cal Oaks merger gets federal OK

By   /  Wednesday, November 24th, 2010  /  Banking Industry, Latest news  /  Comments Off on Cal Oaks merger gets federal OK

Thousand Oaks-based California Oaks State Bank and Encinco-based California United Bank said Nov. 24 that they’ve received the green light from federal banking regulators to complete their proposed acquisition deal.

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Inphi’s IPO the highlight of Wall St. week

By   /  Monday, November 22nd, 2010  /  Banking & Finance, Technology, Tri-County Public Companies  /  Comments Off on Inphi’s IPO the highlight of Wall St. week

Inphi Corp.’s initial public offering was an unmitigated success during a volatile month in a volatile year for the markets, experts said.

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Amgen gets sought-after FDA approval

By   /  Thursday, November 18th, 2010  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen gets sought-after FDA approval

The Food and Drug Administration has approved the use of Amgen’s bone drug denosumab in patients with certain types of cancer, Amgen announced Nov. 18.

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Inphi shares climb on first day

By   /  Thursday, November 11th, 2010  /  Latest news, Tri-County Public Companies  /  Comments Off on Inphi shares climb on first day

Shares of Inphi Corp., the Santa Clara-based chipmaker with big operations in Westlake Village, shot up nearly 28 percent to close at $15.30 after they hit the market Nov. 11. Shares of the initial public offering made their debut on the New York Stock Exchange under the symbol IPHI. The 6.8 million shares hit the Read More →

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Heritage Oaks reports $11.3M loss

By   /  Tuesday, November 9th, 2010  /  Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks reports $11.3M loss

Paso Robles-based Heritage Oaks Bancorp reported a third-quarter loss applicable to common shareholders of $11.3 million on Nov. 9, compared to a $5.6 million loss in the same quarter last year. The banking firm, the third largest based in the Tri-Counties, blamed the wider loss on a $10.5 million non-cash charge related to the valuation Read More →

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Pacific Capital reports $28M loss, but Sept. profit

By   /  Tuesday, November 9th, 2010  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Capital reports $28M loss, but Sept. profit

Editor’s Note: This story was updated at 4:50 p.m. Pacific Capital Bancorp lost nearly $28 million in July and August but said the first month under its new Texas owners was profitable. Texas-based private equity firm Ford Financial Fund acquired 86 percent of Pacific Capital for $500 million at the end of August. Pacific Capital Read More →

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Banks in no rush to repay TARP money

By   /  Monday, November 8th, 2010  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Banks in no rush to repay TARP money

Two years after the U.S. Treasury Department rolled out its Troubled Asset Relief Program, the federal rescue plan for banks, eight of the nine banks based in the Tri-Counties that took those funds have not yet repaid them. The one bank in the region that has repaid its TARP funds — Santa Barbara-based Pacific Capital Read More →

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