QAD shares soar on narrower Q1 loss
By Staff Report / Friday, May 30th, 2014 / Banking & Finance, South Coast, Technology, Tri-County Public Companies / Comments Off on QAD shares soar on narrower Q1 loss
Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →
Resonant IPO raises $16.2M to fuel Skyworks deal
By Staff Report / Thursday, May 29th, 2014 / South Coast, Technology, Top Stories, Tri-County Public Companies / Comments Off on Resonant IPO raises $16.2M to fuel Skyworks deal
Shares of Santa Barbara-based semiconductor firm Resonant, which has a key development deal with a major supplier to Apple, were up 50 percent in the first day after it raised $16.2 million in an initial public offering.
City National hires set stage for South Coast expansion
By Staff Report / Tuesday, May 20th, 2014 / Banking & Finance, Banking Industry, East Ventura County, South Coast, Top Stories, Tri-County Economy, West Ventura County / Comments Off on City National hires set stage for South Coast expansion
City National Bank has hired a team of prominent South Coast private bankers as it gets ready to launch an expansion into Santa Barbara County. The Los Angeles-based bank, one of the largest based in California, said Tuesday that it has hired Leo Hamill, Susan Rogers, Annamarie Cole, Amber Ortiz and Roy Martinez. All are Read More →
UPDATED: Bank of Santa Barbara CEO search underway
By Marlize van Romburgh / Friday, May 16th, 2014 / Banking & Finance, Banking Industry, South Coast, Top Stories, Tri-County Economy / Comments Off on UPDATED: Bank of Santa Barbara CEO search underway
The Bank of Santa Barbara is searching for a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules. Eloy Ortega has left his position as chief executive and Joanne Funari has been appointed interim CEO while a special committee recruits a new leader.
The Bank of Santa Barbara CEO steps down
By Marlize van Romburgh / Wednesday, May 14th, 2014 / Banking & Finance, Banking Industry, South Coast, Tri-County Economy / Comments Off on The Bank of Santa Barbara CEO steps down
The Bank of Santa Barbara is seeking a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules.
Inogen shares rise on rosier outlook
By Staff Report / Wednesday, May 14th, 2014 / Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on Inogen shares rise on rosier outlook
Shares of Goleta-based Inogen soared 11.4 percent to $16.29 on May 14 after reporting stronger-than-expected profits and boosting its sales outlook for the year.
Rupert: IT and finance lead Santa Barbara County growth
By Marlize van Romburgh / Monday, May 12th, 2014 / Banking & Finance, Central Coast, South Coast, Tri-County Economy / Comments Off on Rupert: IT and finance lead Santa Barbara County growth
Led by “off the charts” growth in the information technology, banking and finance sectors, Santa Barbara County is outpacing California when it comes to economic growth.
