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Montecito Bank & Trust
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Ringing in retirement: Santa Barbara firms team up on baby boomer effort

By   /  Friday, April 27th, 2012  /  Banking & Finance, Features, Personal Finance, Technology  /  Comments Off on Ringing in retirement: Santa Barbara firms team up on baby boomer effort

You know what age you’d like to retire at, but you’ve probably averted your eyes from the horrors of your 401(k) in recent years. But when will you actually be able to retire? And what if the answer contains three digits? Those are the questions that FreeRetirementReport.com, the brainchild of veteran Santa Barbara asset manager Read More →

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Deckers stock slips as profits drop 59%

By   /  Thursday, April 26th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Deckers stock slips as profits drop 59%

Unseasonably warm weather dampened first-quarter profits at Ugg boot maker Deckers Outdoor Corp and sent its share price tumbling more than 18 percent after the earnings announcement. The Goleta-based footwear company reported April 26 that quarterly profits were down 59 percent to $7.9 million, or 20 cents per share. The earnings drop came even as Read More →

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FCAL profits drop 83%

By   /  Thursday, April 26th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on FCAL profits drop 83%

First California Financial Group’s first-quarter profits plummeted 83.3 percent to $2.6 million, it reported on April 26. Per share, earnings were 8 cents, compared to 54 cents in the same quarter a year earlier. The Westlake Village-based parent of First California Bank said last year’s first-quarter results included a one-time $34.7 million pre-tax gain related Read More →

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Ryland trims first-quarter loss as home sales pop

By   /  Wednesday, April 25th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Ryland trims first-quarter loss as home sales pop

National homebuilder Ryland Group narrowed its first-quarter loss to $3 million from $17.4 milllion as orders for new homes jumped 46.6 percent. Ryland’s revenue climbed 28.7 percent year-over-year to $215.9 million as home orders and closings rose in tandem with average closing prices. The company, which last year moved its headquarters to Westlake Village, said Read More →

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PCBC earns $16.6M in Q1

By   /  Wednesday, April 25th, 2012  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PCBC earns $16.6M in Q1

Pacific Capital Bancorp turned in profits of $16.6 million in the first quarter of the year, down slightly from the same period a year earlier. The parent of Santa Barbara Bank & Trust said its latest earnings were affected by $1 million in merger-related costs. UnionBanCal Corp., the parent of Union Bank, is acquiring Pacific Read More →

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Amgen to buy Turkish firm in $700M deal

By   /  Wednesday, April 25th, 2012  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen to buy Turkish firm in $700M deal

Thousand Oaks-based Amgen said it will acquire Mustafa Nevzat Pharmaceuticals, a major supplier of pharmaceuticals and injectable medicines in Turkey, in a deal that values the Turkish firm at $700 million. Amgen said that its focus on Turkey and the surrounding region is part of a broad international expansion strategy for the company. Amgen established Read More →

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NiMin Energy to dissolve

By   /  Wednesday, April 25th, 2012  /  Latest news, Tri-County Public Companies  /  Comments Off on NiMin Energy to dissolve

NiMin Energy, a small independent oil and gas firm based in Caprinteria, is selling its Wyoming assets for $98 million and dissolving itself. The company, which is traded on the Toronto Stock Exchange, is also in talks to sell its San Joaquin Valley assets in California. The company said the money will be used to Read More →