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Montecito Bank & Trust
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Teledyne revenues dip as profits, outlook rise

By   /  Friday, July 25th, 2014  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne revenues dip as profits, outlook rise

Though Thousand Oaks-based conglomerate Teledyne missed its revenue mark for the second quarter, profits jumped 30 percent compared to a year prior, beating analysts estimates. The company also boosted its full-year profit outlook.

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Ventura County’s ripe farm loan market drives $15.3M bank deal

By   /  Friday, July 25th, 2014  /  Agribusiness, Banking & Finance, Banking Industry, East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Ventura County’s ripe farm loan market drives $15.3M bank deal

Sierra Bancorp is placing a $15.3 million bet on the agricultural bounty of Ventura County. The Porterville-based parent company of Bank of the Sierra said July 17 that it is purchasing Santa Paula-based Santa Clara Valley Bank in an all-cash deal that includes three branches and $105 million in deposits. The deal gives the Central Read More →

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A clean start: Emissions firm names new CEO, moves back home

By   /  Friday, July 25th, 2014  /  Real Estate, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on A clean start: Emissions firm names new CEO, moves back home

Clean Diesel Technologies has a new CEO and an old headquarters.

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Deckers shares jump as firm raises full-year outlook on higher Q1 sales

By   /  Thursday, July 24th, 2014  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Deckers shares jump as firm raises full-year outlook on higher Q1 sales

  Shares of Deckers Outdoor Corp. hopped 5.6 percent in after-hours trading on July 24 as the footwear firm reported better-than-expected sales and raised its outlook for the full year. The firm’s loss widened to $37.1 million, or $1.07 per share, compared to a loss of $29.3 million in the same period a year earlier. Read More →

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New Yorker faces SEC charges over Clean Diesel trades

By   /  Tuesday, July 22nd, 2014  /  Latest news, Law & Goverment, Technology, Tri-County Public Companies, West Ventura County  /  Comments Off on New Yorker faces SEC charges over Clean Diesel trades

A New York investor relations executive has been charged with insider trading for using knowledge gained preparing press releases for Oxnard-based Clean Diesel Technologies for personal profit.

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Allergan to shutter Goleta facility, cut 300 jobs

By   /  Tuesday, July 22nd, 2014  /  Earnings, Health Care & Life Science, Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Allergan to shutter Goleta facility, cut 300 jobs

Allergan will close its Goleta facility and eliminate about 300 positions there as part of a broader cost tightening effort as the Irvine company fends off a hostile takeover attempt. Allergan makes Botox and other cosmetic drugs and devices. The company became a major South Coast employer in 2005 when it bought breast implant maker Read More →

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Community West Bank COO dies

By   /  Monday, July 21st, 2014  /  Banking & Finance, Banking Industry, South Coast, Tri-County Economy  /  Comments Off on Community West Bank COO dies

Michael Phlaum, chief operating officer at Goleta-based Community West Bank, died Friday evening from complications related to a stroke, the bank said on July 21. Phlaum joined the bank in February 2012 and was promoted to COO and executive vice president in February of this year. “This is a tragic loss for me personally and Read More →