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Montecito Bank & Trust
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CalAmp signs $25M contract

By   /  Tuesday, May 8th, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp signs $25M contract

Oxnard-based wireless products maker CalAmp Corp. has signed a $25 million contract with Navman Wireless for fleet-tracking products. CalAmp said May 7 that under the five-year deal, it has purchased several products and technologies from Navman and set up a research and development center in New Zealand that is staffed by 14 employees brought over Read More →

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LTC earnings jump 122%

By   /  Tuesday, May 8th, 2012  /  Banking & Finance, Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC earnings jump 122%

[wikichart align=”right” ticker=”NYSE:LTC” showannotations=”true” livequote=”true” startdate=”08-11-2011″ enddate=”08-05-2012″ width=”300″ height=”245″] Real estate investment trust LTC Properties reported $12 million in first-quarter profits, a 122 percent increase over the $5.4 million it earned a year ago. Per diluted share, the Westlake Village-based company earned 40 cents in the most recent quarter, compared to 20 cents in the Read More →

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PacWest tops Umpqua offer with $58.1M deal

By   /  Friday, May 4th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on PacWest tops Umpqua offer with $58.1M deal

PacWest Bancorp’s $58.1 million offer to buy American Perspective Bank has trumped an earlier deal for the Central Coast lender and puts San Luis Obispo County in play as a banking hotspot. The April 30 acquisition offer from PacWest, parent of Pacific Western Bank, comes three weeks after Umpqua Holdings Corp. of Oregon said it Read More →

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NiMin Energy taps out two years post-IPO

By   /  Friday, May 4th, 2012  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on NiMin Energy taps out two years post-IPO

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Power-One predicts European solar revival in Q2

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Earnings, Technology, Tri-County Public Companies  /  Comments Off on Power-One predicts European solar revival in Q2

Signs of a resurgence in its European market prompted Power-One to project better-than-expected second-quarter profits on May 3 even as it said that first-quarter income dropped 84.1 percent to $4.9 million, or 3 cents per diluted share. Net sales were up 8.3 percent to $225.8 million. The company’s renewable energy division contributed $149 million to Read More →

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ValueClick shares drop 22% on Q2 outlook

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on ValueClick shares drop 22% on Q2 outlook

Shares of online advertising firm ValueClick plunged 22.2 percent after the Westlake Village-based firm projected lower-than-expected second-quarter revenues of between $155 million and $160 million. One analyst told Bloomberg News that the company is reducing traffic in its owned-and-operated website segment. ValueClick reported first-quarter profits of $21.6 million – 27.8 percent above the same quarter Read More →

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American Perspective reports $462K in profits ahead of PacWest deal

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on American Perspective reports $462K in profits ahead of PacWest deal

American Perspective Bank, the San Luis Obispo-based lender being pursued by PacWest Bancorp, reported first-quarter profits of $462,000, about the same as it earned in the same period a year earlier. American Perspective is being purchased by Los Angeles-based PacWest, parent of Pacific Western Bank, in a $58.1 million deal announced April 30. The offer Read More →