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Montecito Bank & Trust
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Kleiner Perkins startup could spell new era for Amgen

By   /  Friday, November 2nd, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Kleiner Perkins startup could spell new era for Amgen

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Mindbody investment tops $60M

By   /  Thursday, November 1st, 2012  /  Banking & Finance, Central Coast, Latest news  /  Comments Off on Mindbody investment tops $60M

San Luis Obispo-based Mindbody raised $35 million in a new venture capital round on Nov. 1, bringing its total raised to date to more than $60 million. The company makes online software for the owners of health and wellness businesses such as yoga studios and fitness centers. After compiling what it says is the largest Read More →

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Ugg maker shears outlook after plunging Q3 profits

By   /  Thursday, October 25th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Ugg maker shears outlook after plunging Q3 profits

[wikichart align=”center” ticker=”DECK” showannotations=”true” livequote=”true” rollingdate=”1 year” width=”390″ height=”245″] Ugg boot company Deckers Outdoor Corp.’s shares plunged 14.7 percent in after-hours trading on Oct. 25 as the footwear firm’s sales slipped and it said 2012 profits are expected to be down one-third compared to last year. Deckers, currently building a new, campus-style headquarters in Goleta, Read More →

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Pacific Capital’s third quarter profits up 62%

By   /  Wednesday, October 24th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Capital’s third quarter profits up 62%

Santa Barbara Bank & Trust parent Pacific Capital said third-quarter earnings were up 62.2 percent to $33.2 million, or $1.01 per diluted share. The higher profits come on the eve of the sale of the region’s largest banking franchise to San Francisco-based Union Bank, a deal expected to close in the fourth quarter. Pacific Capital Read More →

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Amgen’s profits jump as forecast brightens

By   /  Tuesday, October 23rd, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen’s profits jump as forecast brightens

Amgen reported higher-than-expected earnings on Oct. 23 and raised its outlook for the rest of the year. Amgen’s earnings are regionally significant because the Thousand Oaks biotech firm is Ventura County’s largest private sector employer. The company turned in adjusted third-quarter earnings of $1.67 a share, topping the Wall Street estimate of $1.47 by a Read More →

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Criminal trial ahead for Santa Barbara CPA

By   /  Friday, October 19th, 2012  /  Banking & Finance, Law & Goverment, Personal Finance, Top Stories  /  Comments Off on Criminal trial ahead for Santa Barbara CPA

In a criminal case headed for trial this month, the U.S. Justice Department alleges that Steve Pybrum, a Santa Barbara CPA who appeared on national media networks in the late 1990s, illegally routed revenue through a nonprofit and then falsified his personal income tax returns. Pybrum is set to go on trial Oct. 23 in Read More →

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Move buys Relocation.com for $11.5M

By   /  Thursday, October 11th, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Move buys Relocation.com for $11.5M

Online real estate company Move has purchased Relocation.com, a marketplace for homebuyers, renters and moving and storage professionals, for $11.5 million in cash. Move, which also operates Realtor.com and Move.com, said the deal represents another step towards its ultimate goal of creating a one-stop online shop for home buyers and renters. “Our goal is to Read More →