QAD, shareholders could pull in $60M with public offering
By Staff Report / Friday, January 16th, 2015 / Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies / Comments Off on QAD, shareholders could pull in $60M with public offering
QAD, the Santa Barbara-based software developer, today confirmed the pricing for its recently announced public stock offering. The company is offering 3 million shares of Class A common stock at $20.00 per share. One million shares included in the sale are being offered by controlling stockholders Karl Lopker and Pamela Lopker. Additionally, QAD has granted Read More →
Limoneira Co. reports increased annual revenue, fourth-quarter loss
By Staff Report / Monday, January 12th, 2015 / Agribusiness, Earnings, Latest news, Top Stories, Tri-County Public Companies / Comments Off on Limoneira Co. reports increased annual revenue, fourth-quarter loss
Santa Paula-based Limoneira Co. reported revenue of about $7 million for fiscal year 2014, along with a $2.8 million loss for the year’s fourth quarter.
Heritage Oaks accord strengthens BSA controls
By Elijah Brumback / Friday, January 9th, 2015 / Banking & Finance, Banking Industry, Latest news, Law & Goverment, Top Stories, Tri-County Public Companies / Comments Off on Heritage Oaks accord strengthens BSA controls
The region’s largest community bank signed an agreement with the Federal Deposit Insurance Corp. that was made public at yearend. President and CEO Simone Lagomarsino told the Business Times the accord means the bank will “beef up” its programs and policies to prevent problems down the road.
Santa Barbara stock promoter charged with fraud
By Staff Report / Friday, January 2nd, 2015 / Banking & Finance, Banking Industry, Latest news, Top Stories / Comments Off on Santa Barbara stock promoter charged with fraud
The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.
Santa Barbara stock promoter charged with fraud
By Staff Report / Tuesday, December 23rd, 2014 / Banking & Finance, Latest news, Law & Goverment, Personal Finance, South Coast, Top Stories / Comments Off on Santa Barbara stock promoter charged with fraud
The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.
Remembering the banking visionary who built SBB&T
By Henry Dubroff / Tuesday, December 23rd, 2014 / Banking & Finance, Latest news, Top Stories / Comments Off on Remembering the banking visionary who built SBB&T
Donald M. Anderson, a Minnesota native whose vision drove Santa Barbara Bank & Trust’s rise to the top of the region’s financial institutions, died earlier this month in Santa Barbara. He was 86.
Albertsons & Safeway to sell 168 stores before merger is approved
By Staff Report / Friday, December 19th, 2014 / Banking & Finance, Latest news, Real Estate, Restaurants, Top Stories, Tri-County Economy / 1 Comment
The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.
