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By Staff Report / Thursday, June 26th, 2014 / Banking & Finance, Banking Industry / Comments Off on Community West names chief credit officer
Goleta-based Community West Bancshares, the holding company for Community West Bank, has hired Kristine Price as its new chief credit officer and vice president, effective July 31. Price was previously the chief credit officer and senior credit administrator for the Los Angeles market at Torrey Pines Bank, the California division of Western Alliance Bank. She Read More →
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By Austen Hufford / Friday, June 20th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering
In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.
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By Staff Report / Friday, June 13th, 2014 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Coast National Bank parent raises $6.8M in private placement
Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock Read More →
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By Austen Hufford / Friday, June 13th, 2014 / Banking & Finance, East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Ventura startup hopes to bring meals to your door
FreshRealm is betting millions of dollars on a revolutionary concept: A backend service for businesses that enables customers to get fresh food sent directly to their homes. Combined with a reusable container that can be filled at a store and shipped via FedEx to the home, the service utilizes existing infrastructure and can scale quickly, its founders say.
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By Austen Hufford / Thursday, June 12th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Vitesse plans $23.2M stock offering
Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
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By Austen Hufford / Tuesday, June 10th, 2014 / Agribusiness, Banking & Finance, East Ventura County, Tri-County Economy, Tri-County Public Companies / Comments Off on Limoneira operating income jumps 35% on higher lemon prices
Santa Paula-based fruit grower Limoneira Co.’s second-quarter profits fell 16.7 percent to $2 million despite higher revenue and operating income. The earnings decrease was affected by Limoneira’s sale last year of 165,000 shares of Santa Paula-based Calavo Growers, a transaction that netted a $3.1 million gain in the second quarter of 2013. Limoneira’s earnings per Read More →
