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Montecito Bank & Trust
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Paso Robles craft brewer Firestone Walker gains Belgian partner

By   /  Friday, July 17th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Paso Robles craft brewer Firestone Walker gains Belgian partner

A Belgian Devil has partnered with the Lion and Bear of Paso Robles. Firestone Walker, the 16th largest craft brewer in the United States, announced July 16 that Duvel Moortgat, the 144-year-old, fourth generation family-owned Belgian brewer, has made a hearty investment in the maker of the popular 805 beer. Industry rumors first put the Read More →

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Banks bet that merger will bolster stock price

By   /  Friday, July 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Banks bet that merger will bolster stock price

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Camarillo-based Semtech to lay off 8 percent of workforce

By   /  Wednesday, July 15th, 2015  /  Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Camarillo-based Semtech to lay off 8 percent of workforce

Camarillo-based Semtech Corp. announced plans to lay off about 8 percent of its workforce. Semtech, which makes analog and mixed signal semiconductors and announced the cuts July 15, didn’t provide details about the total number of employees that will be laid off, or where the cuts will happen. The company said in a news release Read More →

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Montecito Bank & Trust net income jumped 44 percent over prior year

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income jumped 44 percent over prior year

Montecito Bank & Trust said July 15 that net income jumped 44 percent from a year earlier as total assets reached $1.2 billion. The privately-held bank is the largest financial institution headquartered in Santa Barbara County and it said loans grew 23 percent to $662 million. “We continue to see an increased demand for financing Read More →

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American Riviera Bank, The Bank of Santa Barbara plan to merge

By   /  Wednesday, July 15th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on American Riviera Bank, The Bank of Santa Barbara plan to merge

The banking picture on the South Coast got a bit clearer on July 15 when American Riviera Bank and The Bank of Santa Barbara announced an all-stock transaction that will combine the two lending institutions. The proposed merger, which still needs shareholder and regulatory approval, will combine two smaller companies into a three-branch community bank Read More →

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Limoneira Co. buys leases in San Joaquin Valley

By   /  Monday, July 13th, 2015  /  Agribusiness, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira Co. buys leases in San Joaquin Valley

Limoneira Co., the 120-year-old global agribusiness, announced today that it has entered into a purchase agreement to acquire 157 acres of lemon, orange and specialty citrus orchards in the San Joaquin Valley for approximately $3.3 million. The transaction is expected to close in 60 days. The orchards are being acquired thanks to purchase options within Read More →

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Lynda Weinman’s big gift gives Women’s Economic Ventures money to expand

By   /  Friday, July 10th, 2015  /  Latest news, Nonprofits, Small Business, South Coast, Top Stories, Tri-County Public Companies, Women Inc.  /  Comments Off on Lynda Weinman’s big gift gives Women’s Economic Ventures money to expand

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