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Montecito Bank & Trust
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Rupert: IT and finance lead Santa Barbara County growth

By   /  Monday, May 12th, 2014  /  Banking & Finance, Central Coast, South Coast, Tri-County Economy  /  Comments Off on Rupert: IT and finance lead Santa Barbara County growth

Led by “off the charts” growth in the information technology, banking and finance sectors, Santa Barbara County is outpacing California when it comes to economic growth.

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Santa Maria Energy drills down on search for private equity

By   /  Friday, May 9th, 2014  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Santa Maria Energy drills down on search for private equity

Santa Maria Energy is on the hunt for private equity funding for its $120.7 million capital budget after a going-public deal fell apart.

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Premium Content

Vapor Hub hopes to lead the way in $3B e-cigarette market

By   /  Friday, May 9th, 2014  /  East Ventura County, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Vapor Hub hopes to lead the way in $3B e-cigarette market

With the U.S. Food and Drug Administration promising to impose regulations on the free-for-all e-cigarette market, Simi Valley-based Vapor Hub International is hoping to help the industry grow up.

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Ceres faces delisting from Nasdaq

By   /  Monday, May 5th, 2014  /  Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Ceres faces delisting from Nasdaq

Thousand Oaks-based energy crop company Ceres could be booted from the Nasdaq stock exchange if it doesn’t get its share price back above $1 in the next six months. Ceres said that it received a letter from the Nasdaq on April 28 notifying it that because its share price has lingered below $1 for 30 Read More →

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Calavo gets $10M for FreshRealm food delivery platform

By   /  Thursday, May 1st, 2014  /  Agribusiness, Banking & Finance, East Ventura County, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Calavo gets $10M for FreshRealm food delivery platform

Santa Paula-based Calavo Growers has received $10 million in funding and named a CEO for its FreshRealm food distribution platform, it said on Thursday. Michael Lippold, who is the former director of strategic development at Calavo, will lead the new venture, which is based in Ventura. FreshRealm, a new cloud-hosted technology platform that connects growers, Read More →

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Fitch upgrades SLO County general obligation bonds to AAA

By   /  Friday, April 25th, 2014  /  Banking & Finance, Central Coast, Tri-County Economy  /  Comments Off on Fitch upgrades SLO County general obligation bonds to AAA

Fitch Ratings has upgraded San Luis Obispo County’s general-obligation bonds to AAA, the highest grade it offers, from AA+.

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Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans

By   /  Friday, April 25th, 2014  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Hyde Park Acquisition deal delay clouds Santa Maria Energy’s plans

Hyde Park’s investors spurned the Santa Maria Energy deal, at least for now. Sixty-seven percent voted to push the final vote on the merger back to April 30, signaling there were not enough votes to approve the deal outright.