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Montecito Bank & Trust
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California Republic buys Westlake bank branch

By   /  Thursday, January 12th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on California Republic buys Westlake bank branch

Newport Beach-based California Republic Bank has purchased the Westlake Village branch of National Bank of California, saying it wants to use the new location as a foothold for expanding into the Ventura County market. Terms of the sale were not disclosed, but the two banks previously said the deal would include the branch and $16.2 Read More →

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Forecast: Businesses, banks look for new models

By   /  Friday, January 6th, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  Comments Off on Forecast: Businesses, banks look for new models

The Tri-Counties starts 2012 with six fewer local banks than it had before the start of the financial crisis, and the local economy continues to stutter through a broader recovery. But area economists and finance insiders say the region is doing better than the rest of California, boosted by its tourism and technology sectors, and Read More →

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Mission pays off TARP

By   /  Thursday, January 5th, 2012  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Mission pays off TARP

Mission Community Bancorp has repaid the $5.1 million in federal bank rescue funds it took at the height of the financial crisis. The San Luis Obispo-based company said Jan. 4 that it had paid $5.1 million from the Troubled Asset Relief Program to the U.S. Treasury, including $30,554 in accrued and unpaid dividends. “The capital Read More →

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Amgen CEO to step down

By   /  Thursday, December 15th, 2011  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen CEO to step down

Kevin Sharer, chairman and CEO of Amgen, is set to retire in May, the Thousand Oaks-based company said on Dec. 15. Current president and chief operating officer Robert Bradway will become the company’s new CEO. Sharer led Amgen, the largest private-sector employer in Ventura County, for 11 years. He oversaw the company’s transition from the Read More →

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Amgen wraps up buyback auction

By   /  Thursday, December 8th, 2011  /  Latest news, Tri-County Public Companies  /  Comments Off on Amgen wraps up buyback auction

[wikichart align=”right” ticker=”NASDAQ:AMGN” showannotations=”true” livequote=”true” startdate=”08-06-2011″ enddate=”08-12-2011″ width=”300″ height=”245″] Amgen, based in Thousand Oaks, expects to repurchase 9.6 percent of its outstanding shares at a price of $60 per share after asking shareholders to name their price in a buyback auction. The biotech giant and major Ventura County employer said Dec. 8 it had completed Read More →

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Venoco, state tangle over oil royalties

By   /  Friday, December 2nd, 2011  /  Top Stories, Tri-County Public Companies  /  Comments Off on Venoco, state tangle over oil royalties

[wikichart align=”right” ticker=”NYSE:VQ” showannotations=”true” livequote=”true” startdate=”02-06-2011″ enddate=”02-12-2011″ width=”300″ height=”245″] Venoco faces allegations from the State Lands Commission that it underpaid the state $9.5 million for the oil pumped from Platform Holly off the Goleta coast. The claims came in a lawsuit filed Nov. 16 by the State Lands Commission in Santa Barbara Superior Court. It Read More →

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Lenco Mobile proposes $42M merger deal

By   /  Friday, December 2nd, 2011  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Lenco Mobile proposes $42M merger deal

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