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Montecito Bank & Trust
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Venoco extends financing deadline for CEO

By   /  Tuesday, June 12th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco extends financing deadline for CEO

Venoco has extended CEO Tim Marquez’s deadline to July 20 to disclose how he will finance his effort to take the company private. Marquez’s buyout of the company, which is based in Denver but has about 150 employees in the Tri-Counties, was approved by shareholders on June 5. But at the time of the approval, Read More →

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Venoco shareholders approve CEO takeover bid

By   /  Friday, June 8th, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco shareholders approve CEO takeover bid

Venoco CEO Tim Marquez, a former petroleum engineer, has proven that he has the shareholder votes to take his company private. But does he have the money? The question came into sharp focus on June 5, when Venoco shareholders approved Marquez’s bid to buy the 49 percent of the company’s shares he doesn’t already own Read More →

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City National exec sees slow, steady recovery

By   /  Wednesday, June 6th, 2012  /  Banking & Finance, Latest news, Tri-County Economy  /  Comments Off on City National exec sees slow, steady recovery

Staying the course for now will pay off in the long run, according to City National Bank’s chief investment officer. Bruce Simon, who oversees investment activities for the $24 billion nationwide bank, and economist Chris Thornberg gave mid-year updates at a June 6 forum hosted by City National in Camarillo at the Spanish Hills Country Read More →

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Venoco shareholders approve CEO’s takeover bid

By   /  Tuesday, June 5th, 2012  /  Banking & Finance, Tri-County Public Companies  /  Comments Off on Venoco shareholders approve CEO’s takeover bid

[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”05-12-2011″ enddate=”05-06-2012″ width=”300″ height=”245″] [Editor’s Note: Correction appended below.] Venoco shareholders have approved CEO Tim Marquez’s bid to take the company private despite the fact that he has yet to give details on how he would gather the nearly $400 million in financing to close the deal. After the June Read More →

Latest

Feds lift Pacific Capital order

By   /  Monday, June 4th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Feds lift Pacific Capital order

The parent of Santa Barbara Bank & Trust has walked away from a consent order place on it by regulators two years ago, it said June 4. Pacific Capital Bancorp, the region’s largest bank, said that its agreement with the Federal Reserve Bank of San Francisco was terminated effective May 23. That frees the $5.8 Read More →

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Uncle Sam might sell off stake in Heritage Oaks

By   /  Friday, June 1st, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies  /  Comments Off on Uncle Sam might sell off stake in Heritage Oaks

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Banks lead region’s stocks at midyear

By   /  Friday, June 1st, 2012  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Banks lead region’s stocks at midyear

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