September 24, 2022
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Montecito Bank & Trust
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Opinion: Led the Fed do its job, and let Powell finish his work leading it

By   /  Friday, October 1st, 2021  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Opinion: Led the Fed do its job, and let Powell finish his work leading it

By Kirk Lesh The question of whether Federal Reserve Chairman Jerome Powell’s term should be extended has received a lot of attention recently. It seems like The Washington Post, The New York Times or The Wall Street Journal has an article on this topic every week. In a similar vein, it seems someone from the Read More →

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Olaplex shares jump 17% after $1.6B IPO

By   /  Thursday, September 30th, 2021  /  Banking & Finance, Latest news, right, Top Stories, Tri-County Public Companies  /  Comments Off on Olaplex shares jump 17% after $1.6B IPO

NOTE: This article was originally posted at 11:30 a.m. and updated after the markets closed at 1 p.m. PDT to reflect Olaplex’s closing price. The Montecito-based hair care products company Olaplex’s stock began trading on the Nasdaq on Sept. 30, opening at $21 and shooting up to $24.50 by the end of the trading day. Read More →

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Olaplex ups IPO price, hopes to raise almost $1.5B

By   /  Tuesday, September 28th, 2021  /  Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Olaplex ups IPO price, hopes to raise almost $1.5B

The Montecito-based hair care products company Olaplex upped the projected share price of its planned initial public offering on Sept. 28 and now expects to raise as much as $1.46 billion. Olaplex now plans to price its upcoming IPO at $17 to $19, it said in a filing with the U.S. Securities and Exchange Commission, Read More →

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Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo

By   /  Friday, September 24th, 2021  /  Banking & Finance, Banking Industry, Columns, Latest news, Subscriber content  /  Comments Off on Dubroff: U.S. Bank’s big buy revives long-simmering rivalry with Wells Fargo

Henry Dubroff

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Procore makes its biggest acquisition yet

By   /  Thursday, September 23rd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore makes its biggest acquisition yet

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore Technologies announced its first acquisition since going public in May, and it’s the largest one in company history. The Carpinteria-based construction software company said on Sept. 22 that it is purchasing Levelset, a New Orleans-based construction software company, for $500 million: $425 million in cash and $75 million in the form of Procore common Read More →

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Amgen wins patent case

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, East Ventura County, Health Care & Life Science, Latest news, Law & Goverment, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen wins patent case

Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its psoriasis treatment, Otezla. Amgen filed a patent infringement lawsuit earlier this year against two companies, Sandoz and Zydus Pharmaceuticals, claiming that their generic versions of Otezla infringed upon at least Read More →

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U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, left, South Coast, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →