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By Staff Report / 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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By Henry Dubroff / 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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By Staff Report / 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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By Staff Report / Thursday, July 9th, 2015 / Latest news, Technology, Top Stories, Tri-County Public Companies, West Ventura County / Comments Off on Filter made by Oxnard company Clean Diesel Technologies certified
Oxnard-based Clean Diesel Technologies’ EGR Particulate Filter received certification from the Verification of Emission Reduction Technologies Association on July 8. The certification allows CDTi to expand into opportunities in South America and other international locations. CDTi estimates that 60,000 urban transit buses in South American cities could be retrofitted with the filter. CDTi shares were Read More →
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By Guest commentary / Friday, July 3rd, 2015 / Central Coast, Op/Eds, Tri-County Economy, Tri-County Public Companies / Comments Off on Going public with companies fuels healthy communities in Tri-Counties
The health of our communities is directly tied to the health of our local businesses. We cannot have one without the other. Although in good economic times it is easy to lose sight of our region’s competiveness to attract and retain businesses in a world where many companies can operate from anywhere. If our communities Read More →
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By Staff Report / Wednesday, July 1st, 2015 / East Ventura County, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Baxter Bioscience becomes Baxalta
East Ventura County has a major new employer. Deerfield, Ill.-based Baxalta Inc. was launched July 1 as health care giant Baxter International split into two companies. Former Baxter Bioscience operations in Thousand Oaks and Newbury Park are part of the Baxalta spinoff. The operations employed about 1,100 people in East Ventura County, according to the Read More →
