February 23, 2024
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Montecito Bank & Trust
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Final member of Inogen’s founding team to leave company

By   /  Thursday, December 16th, 2021  /  Banking & Finance, Health Care & Life Science, Latest news, middle, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, Women Inc.  /  Comments Off on Final member of Inogen’s founding team to leave company

Ali Bauerlein, one of Inogen’s co-founders, has stepped down from her post as the company’s CFO, effective immediately on Dec. 13. According to a company news release, Mike Sergesketter has been appointed interim CFO while Inogen look to fill the position. Bauerlein will stay at Inogen in a transitional finance role through the first quarter Read More →

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AeroVironment shares in nosedive after company lowers revenue guidance

By   /  Tuesday, December 7th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on AeroVironment shares in nosedive after company lowers revenue guidance

Shares of AeroVironment plummeted 27.5% on Dec. 7 after the company announced with its quarterly financial results that it would slash its full-year revenue guidance by at least $100 million, “primarily due to three headwinds” tied to supply chains and staffing. AeroVironment, an aerial drone company based in Arlington, Virginia but with major operations in Read More →

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Dole shares down after earnings drop

By   /  Friday, December 3rd, 2021  /  Agribusiness, Banking & Finance, Earnings, East Ventura County, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Dole shares down after earnings drop

Westlake Village-based Dole saw its stock fall 2.5% on Dec. 3 after the company revealed a big dip in earnings for the third quarter of fiscal year 2021-22. Dole, which is dually based in Westlake Village and Ireland and is one of the largest fruit and vegetable producers in the world, saw adjusted net income Read More →

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Dubroff: Investing means walking a tightrope, but cash can be a safety net

By   /  Friday, December 3rd, 2021  /  Banking & Finance, Columns, Latest news, Personal Finance, Subscriber content  /  Comments Off on Dubroff: Investing means walking a tightrope, but cash can be a safety net

Henry Dubroff

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Semtech tops expectations with record quarter

By   /  Friday, December 3rd, 2021  /  Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Semtech tops expectations with record quarter

Camarillo-based Semtech topped analysts’ expectations on Dec. 1 with an announcement of record net sales and net income in the third quarter of its 2021-22 fiscal year. Semtech, a semiconductor company specializing in Internet of Things applications, generated sales totaling $194.9 million in the third quarter of 2021, up 27% from the same quarter a Read More →

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People’s Self-Help Housing secures $50K Bank of America grant

By   /  Thursday, December 2nd, 2021  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Nonprofits, Tri-County Economy  /  Comments Off on People’s Self-Help Housing secures $50K Bank of America grant

People’s Self-Help Housing, the longest-serving affordable housing nonprofit on the Central Coast, has received a $50,000 grant from Bank of America to scale its programs. The grant, announced by People’s Self-Help on Dec. 1, is part of Bank of America’s 2021 Neighborhood Champion program. Women’s Economic Ventures, a Santa Barbara-based nonprofit, received one of the Read More →

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Bank of the Sierra gives $1M to Housing Trust Fund Ventura County

By   /  Tuesday, November 30th, 2021  /  Banking & Finance, Banking Industry, East Ventura County, Latest news, middle, Nonprofits, Real Estate, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Bank of the Sierra gives $1M to Housing Trust Fund Ventura County

The Housing Trust Fund Ventura County announced a $1 million contribution from Bank of the Sierra on Nov. 30, to fund the nonprofit’s loans to developers who build affordable housing in Ventura County. The award is designated for the organization’s Everyone Deserves a Home Revolving Loan Fund. The community impact note will be pooled with Read More →