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Knight named Santa Clara Valley Bank chief exec

By   /  Thursday, November 17th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Knight named Santa Clara Valley Bank chief exec

Bank insider Cheryl Knight is the new CEO and president of Santa Clara Valley Bank, the firm said Nov. 17. Knight joined the Santa Paula-based bank in October 2010 as a chief credit officer and senior vice president. She also held the position of chief operating officer when she was named CEO. Before joining Santa Read More →

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Amgen launches $5B buyback

By   /  Monday, November 7th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Amgen launches $5B buyback

Amgen said Nov. 7 that it plans to buy back $5 billion of its shares as part of a push to return profit to stockholders. Shares of the Thousand Oaks-based drugmaker jumped 4.5 percent in morning trading. Moody’s Investors Service and Fitch Ratings lowered their ratings on Amgen debt after the announcement because the biotech Read More →

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Earnings roundup: Profits return for most area banks

By   /  Friday, November 4th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Earnings roundup: Profits return for most area banks

Banks based in the Tri-Counties reported mostly healthier third-quarter earnings, led by the largest lender in the region, which now has a full year of profits under its belt after a recapilization deal and ownership change last year. Here’s a closer look at how tri-county banks performed in the third quarter: Pacific Capital Bancorp [wikichart Read More →

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Deckers profits jump 48% on Ugg sales

By   /  Friday, October 28th, 2011  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Deckers profits jump 48% on Ugg sales

Deckers Outdoor Corp. said profits jumped 48 percent in the third quarter after getting a big leg-up from Ugg brand sales. The Goleta-based shoe company increased its full-year outlook after the better-than-expected  third quarter. Deckers company earned $62.3 million, or $1.59 per share as sales jumped 49.1 percent to $414.4 million in the third-quarter. Ugg Read More →

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PCBC posts $20.5M profit year after recap deal

By   /  Thursday, October 27th, 2011  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PCBC posts $20.5M profit year after recap deal

Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →

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Amgen takes $780M hit to settle kickback charges

By   /  Monday, October 24th, 2011  /  Banking & Finance, Earnings, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen takes $780M hit to settle kickback charges

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California Republic to buy Westlake bank branch

By   /  Monday, October 24th, 2011  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on California Republic to buy Westlake bank branch

National Bank of California plans to sell its Westlake Village branch and about $16.2 million in deposits to California Republic Bank, the two firms said Oct. 24. Under the deal, Newport Beach-based California Republic Bank will assume all of the deposits and some of the assets of the branch at 875 S. Westlake Boulevard. The Read More →

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