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Montecito Bank & Trust
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MB&T starts 37th year on high note

By   /  Wednesday, March 14th, 2012  /  Banking & Finance, Banking Industry, Latest news, Nonprofits  /  Comments Off on MB&T starts 37th year on high note

Ten nonprofits from across th region received grants on March 14 as Montecito Bank & Trust prepared to celebrate its 37th anniversary and it 20th year of adding a philanthropic twist to the festivities. The bank’s employees selected the 10 organizations, which included All for Animals, Alzheimer’s Association, American Heart Association, Council on Alcoholism and Read More →

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Limoneira Q1 revenue up 73 percent

By   /  Monday, March 12th, 2012  /  Earnings, Latest news  /  Comments Off on Limoneira Q1 revenue up 73 percent

Despite a 73 percent jump in revenue, Santa Paula-based agribusiness Limoneira Company posted a $2.9 million loss during the first quarter of the year, it said March 12. For the quarter ended Jan. 31, revenue was $10.2 million, up from $5.9 million during the same period of the previous year, according to a news release. Read More →

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Updated: SBB&T will rebrand in $1.5B Union Bank deal

By   /  Monday, March 12th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Updated: SBB&T will rebrand in $1.5B Union Bank deal

By Henry Dubroff and Marlize van Romburgh on March 12, 2012 Eighteen months after injecting $500 million to save Pacific Capital Bancorp, its Texas owners are selling to Union Bank’s parent for an estimated $1.5 billion. The deal would rebrand the 52-year-old Santa Barbara Bank & Trust franchise as Union Bank and create a foothold Read More →

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Sheared by sheepskin: Ugg parent’s stock takes hit on rising prices

By   /  Friday, March 9th, 2012  /  Banking & Finance, Earnings, Features, Tri-County Public Companies  /  Comments Off on Sheared by sheepskin: Ugg parent’s stock takes hit on rising prices

If you’re a Deckers investor concerned about the 17 percent decline in the company’s share price in recent weeks, consider eating mutton for dinner more often.

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Community West looks closer to home

By   /  Friday, March 9th, 2012  /  Banking & Finance, Banking Industry, Top Stories  /  Comments Off on Community West looks closer to home

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Salem earnings soar 195%

By   /  Thursday, March 8th, 2012  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Salem earnings soar 195%

[wikichart align=”right” ticker=”NASDAQ:SALM” showannotations=”true” livequote=”true” startdate=”08-09-2011″ enddate=”08-03-2012″ width=”300″ height=”245″] Camarillo-based Salem Communications, a conservative and Christian radio broadcaster, increased profits 195 percent to $5.6 million in 2011, the company said March 8. Salem owns or operates 95 radio stations in the U.S., more than half of which are in the nation’s top 25 radio markets. Read More →

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Semtech breaks profit record, buys French wireless firm

By   /  Wednesday, March 7th, 2012  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Semtech breaks profit record, buys French wireless firm

Chipmaker Semtech beat analysts expectations by two cents a share and set a profit record while continuing its streak of acquisitions on March 7. Semtech broke its year-end records with profits up 23 percent to $89 million on net sales of $480 million, a 5 percent increase that was also a new high for the Read More →