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Montecito Bank & Trust
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Bank of the Sierra acquiring Ojai Community Bank

By   /  Tuesday, April 25th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra acquiring Ojai Community Bank

Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →

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Montecito Bank & Trust reports growth in assets, loans, deposits and income

By   /  Friday, April 21st, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast  /  Comments Off on Montecito Bank & Trust reports growth in assets, loans, deposits and income

Montecito Bank & Trust’s total assets grew by $68.1 million to $1.3 billion in the prior 12-month period, according to a quarterly report released April 20. The bank also reported loan growth of $155 million and increased deposits by 7.34 percent. The bank also reported that its net income for the period grew 28 percent Read More →

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Carpinteria software company Procore opening office in Australia

By   /  Friday, April 21st, 2017  /  Latest news, South Coast, Technology, Tri-County Public Companies  /  Comments Off on Carpinteria software company Procore opening office in Australia

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

Construction software company Procore, based in Carpinteria, has opened a new office in Sydney, Australia. The addition of the new location is a response to high demand in Australia and New Zealand, the company said in a news release April 20. Its customers have reached more than 100 in the region, with more than 50,000 Read More →

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Banker, developer Towbes prioritized philanthropy

By   /  Friday, April 21st, 2017  /  Banking Industry, Central Coast, Real Estate, right, South Coast, West Ventura County  /  Comments Off on Banker, developer Towbes prioritized philanthropy

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Latest

American Riviera Bank reports strong growth

By   /  Thursday, April 20th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank reports strong growth

Santa Barbara-based American Riviera Bank showed strong growth for the first quarter of 2017, posting an unaudited net income of $956,000 or 22 cents per share. The rise represents a 426 percent increase from the $182,000 or 4 cents per share reported for the first quarter ended March 31, 2016. The growth is the latest Read More →

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Wealth manager, baseball player Lon Morton dies at 72

By   /  Wednesday, April 19th, 2017  /  Latest news, Personal Finance  /  Comments Off on Wealth manager, baseball player Lon Morton dies at 72

Story updated at 10:50 a.m. April 20: Lon Morton, a former minor league baseball player who pioneered the field of investing in alternative assets, has died. He was 72. Morton founded Morton Capital Management in the early 1980s, helping wealthy investors diversify their holdings with real estate and other forms of assets that provided stable Read More →

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Latest

CalAmp revenues up for fourth quarter

By   /  Tuesday, April 18th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp revenues up for fourth quarter

Oxnard-based CalAmp, owner of LoJack brand security devices, said revenue for the fourth quarter ended Feb. 28 jumped 22 percent. CalAmp, which has made extensive investments in Internet of Things technologies, said LoJack contributed $27.8 million to fourth-quarter revenue, which totaled $86.1 million. “As we close out fiscal 2017 we are pleased with the progress Read More →

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