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$430M deal rolls Row 44 onto Nasdaq

By   /  Friday, November 16th, 2012  /  Banking & Finance, Technology, Top Stories  /  Comments Off on $430M deal rolls Row 44 onto Nasdaq

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UPDATE: Pacific Capital sale to close Dec. 1

By   /  Wednesday, November 14th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on UPDATE: Pacific Capital sale to close Dec. 1

Union Bank’s $1.5 billion acquisition of Santa Barbara Bank & Trust’s parent company is slated to close Dec. 1 now that federal regulators have signed off on the deal. In approving the sale of Pacific Capital Bancorp with a formal order on Nov. 14, Federal Reserve officials set in motion a number of events. They Read More →

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Amgen case before SCOTUS could stymie new class-action suits

By   /  Friday, November 9th, 2012  /  Columns, Law, Tri-County Public Companies  /  Comments Off on Amgen case before SCOTUS could stymie new class-action suits

On Nov. 5, Thousand Oaks-based Amgen argued a case before the U.S. Supreme Court that could make it much harder for shareholders to form a class when suing a company for making misleading statements that distort its stock price. The outcome, which is likely to be decided by the politics of the individual justices, could Read More →

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$231M First California sale shakes up bank ranks

By   /  Friday, November 9th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on $231M First California sale shakes up bank ranks

With the Tri-Counties’ two largest banks being acquired by bigger players, the regional lending landscape is shifting dramatically away from community financial institutions. Los Angeles-based PacWest Bancorp said Nov. 6 that it is buying First California Financial Group for $231 million in an all-stock deal. At $8 per share, PacWest’s bid represents an 18.5 percent Read More →

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PacWest to buy First California for $231M

By   /  Tuesday, November 6th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on PacWest to buy First California for $231M

Los Angeles-based PacWest Bancorp is buying First California Financial Group for $231 million in an all-stock deal. At $8 per share, PacWest’s price represents an 18.5 percent premium over First California’s share price at the close on Nov. 6. The deal also comes after months of tense negotiations between the rival banks. PacWest offered $7.25 Read More →

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Kleiner Perkins startup could spell new era for Amgen

By   /  Friday, November 2nd, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Kleiner Perkins startup could spell new era for Amgen

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Mindbody investment tops $60M

By   /  Thursday, November 1st, 2012  /  Banking & Finance, Central Coast, Latest news  /  Comments Off on Mindbody investment tops $60M

San Luis Obispo-based Mindbody raised $35 million in a new venture capital round on Nov. 1, bringing its total raised to date to more than $60 million. The company makes online software for the owners of health and wellness businesses such as yoga studios and fitness centers. After compiling what it says is the largest Read More →

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