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Montecito Bank & Trust
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Tri-county public company ranks shrink as Vitesse sells for $389M

By   /  Wednesday, March 18th, 2015  /  Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Tri-county public company ranks shrink as Vitesse sells for $389M

The deal values Vitesse at $5.28 per share, a premium of 32 percent over the stock’s 30-day average closing price.

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Calavo shares shoot up on Q1 earnings

By   /  Friday, March 6th, 2015  /  Agribusiness, Earnings, Latest news, South Coast, Top Stories, Tri-County Public Companies  /  Comments Off on Calavo shares shoot up on Q1 earnings

Santa Paula-based Calavo Growers roared out of the gate with a profit of $5.3 million in its fiscal 2015 first quarter, according to a release from the company. The company’s shares jumped nearly 6.5 percent to $45.05 at the market’s close. After recording a $1.8 million loss in the same period last year, Calavo appears Read More →

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Amgen’s portfolio threatened as FDA paves path for lower-cost drugs

By   /  Friday, March 6th, 2015  /  Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen’s portfolio threatened as FDA paves path for lower-cost drugs

Zarxio, the first biopharmaceutical copycat approved in the U.S., will pave the way for lower-cost alternatives to existing treatments.

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Startup investment platform takes root in Westlake Village

By   /  Friday, February 27th, 2015  /  Banking & Finance, Latest news, Small Business, Subscriber content, Technology, Top Stories  /  Comments Off on Startup investment platform takes root in Westlake Village

INVST hopes to stimulate investment activity by allowing giving institutional-grade funds an online presence.

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CNB heats up banking wars

By   /  Thursday, February 19th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on CNB heats up banking wars

City National Bank has become the newest entrant in the competitive Santa Barbara banking market.

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Heritage Oaks Q4 profits jump 24%

By   /  Tuesday, February 3rd, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories  /  Comments Off on Heritage Oaks Q4 profits jump 24%

The increase was primarily due to the inclusion of Mission Community Bancorp’s operating results, which boosted pre-tax net income in the company’s fourth quarter financials.

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Amgen profit tops analysts’ estimates on drug sales, tax credit

By   /  Friday, January 30th, 2015  /  East Ventura County, Health Care & Life Science, Latest news, Subscriber content, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Amgen profit tops analysts’ estimates on drug sales, tax credit

Amgen, the nation’s biggest biotech company, reported fourth-quarter profits that beat analysts’ estimates, aided by a tax benefit and higher-than-estimated sales of arthritis drug Enbrel.

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