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Montecito Bank & Trust
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Goleta-based Community West Bancshares reports loss

By   /  Friday, August 21st, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Community West Bancshares reports loss

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong Read More →

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32 tri-county firms on list of Inc. 5000 fastest growing companies

By   /  Friday, August 21st, 2015  /  Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on 32 tri-county firms on list of Inc. 5000 fastest growing companies

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Energy plant site visit will be showdown between Oxnard, NRG

By   /  Friday, August 21st, 2015  /  Energy, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Energy plant site visit will be showdown between Oxnard, NRG

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Heritage Oaks Bank CFO Lonny Robinson resigns

By   /  Thursday, August 20th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank CFO Lonny Robinson resigns

Heritage Oaks Bank Executive Vice President and Chief Financial Officer Lonny Robinson has resigned, holding company Heritage Oaks Bancorp announced Aug. 19. The Paso Robles-based bank hired Robinson in March 2014 to help with the Mission Community Bank merger and groom his successor, Jason Castle, Heritage Oaks Bank CEO and President Simone Lagomarsino said. Robinson Read More →

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Camarillo’s Semtech reports loss for second quarter

By   /  Thursday, August 20th, 2015  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Camarillo’s Semtech reports loss for second quarter

Camarillo-based Semtech said it lost $313,000 in an earnings report for the second quarter of its 2016 fiscal year on Aug. 19. Semtech makes analog and mixed signal semiconductors. The results continue a slow year for Semtech, which lost $142,000 in the first quarter. That amounted to a loss of less than one cent per Read More →

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Goleta will allow Venoco to transport oil using trucks

By   /  Wednesday, August 19th, 2015  /  Energy, Latest news, Tri-County Public Companies  /  Comments Off on Goleta will allow Venoco to transport oil using trucks

The city of Goleta issued a notice of decision to Venoco on Aug. 17 that denied an emergency permit application to transport oil using trucks but deemed the work consistent under the existing Ellwood Onshore Facility operating permit and Safety, Inspection, Maintenance and Quality Assurance Plan. Venoco will evacuate crude oil from tanks and pipelines Read More →

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Amgen agrees to pay $71 million over false marketing of 2 drugs

By   /  Tuesday, August 18th, 2015  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen agrees to pay $71 million over false marketing of 2 drugs

Thousand Oaks-based Amgen agreed to pay $71 million in a settlement with California, 47 other states and the District of Columbia because the biotech giant unlawfully promoted two drugs. According to a news release Aug. 18 from California Attorney General Kamala Harris, Amgen unlawfully promoted biologic medications Enbrel and Aranesp by “promoting Aranesp for dosing Read More →