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Montecito Bank & Trust
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Pacific Premier buys Heritage Oaks

By   /  Friday, December 16th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Pacific Premier buys Heritage Oaks

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Dubroff: Merger writes next chapter for Central Coast banking

By   /  Friday, December 16th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Columns, Latest news  /  Comments Off on Dubroff: Merger writes next chapter for Central Coast banking

Henry Dubroff

The $405 million sale of Heritage Oaks Bancorp to Pacific Premier Bancorp caught many experts by surprise. It is a transformative deal for the Irvine-based buyer, which will grow from $3.8 billion to $6 billion in assets when it closes next year. Pacific Premier will extend its franchise, leapfrogging past Los Angeles and heading deep Read More →

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PennyMac changes roles of several executives

By   /  Tuesday, December 13th, 2016  /  Banking Industry, Latest news  /  Comments Off on PennyMac changes roles of several executives

PennyMac Mortgage Investment Trust in Westlake Village on Dec. 13 announced changes in the roles of several executive officers in conjunction with organizational changes announced by PennyMac Financial Services. Stanford L. Kurland, currently chairman and CEO, will assume the role of executive chairman. David A. Spector, currently executive managing director, president and chief operating officer, Read More →

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Heritage Oaks Bancorp merging with Pacific Premier

By   /  Tuesday, December 13th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Heritage Oaks Bancorp merging with Pacific Premier

Story updated at 11:30 a.m.: In a deal that will once again shake up the ranks of top banks in the region, Pacific Premier Bancorp of Irvine will acquire Heritage Oaks Bancorp for $405.6 million or $11.68 per share based on current values. The all-stock merger, announced before the markets opened on Dec. 13, will Read More →

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QAD software streamlines Yamaha Motor’s data analysis

By   /  Monday, December 12th, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on QAD software streamlines Yamaha Motor’s data analysis

Manufacturing software provider QAD announced Yamaha Motor Manufacturing Corporation USA as a customer Dec. 7, using its Cloud QMS software at its Newnan, Georgia facility. The recreational and all-terrain vehicle manufacturer deployed the software for purchasing and data analysis, reducing time on requests information, Wayne Pierce, senior division manager of purchasing for YMMC, said in Read More →

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Inphi completes acquisition of ClariPhy Communications

By   /  Monday, December 12th, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Inphi completes acquisition of ClariPhy Communications

Inphi’s acquisition of ClariPhy Communications, valued at $277 million in addition to the assumption of some liabilities, was completed Dec. 12. The deal, announced Nov. 1, gives the semiconductor producer with operations in Westlake Village access to products that are complimentary to its own, providing high-performance but low-power platforms for its customers, President and CEO Read More →

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Teledyne acquires e2v Technologies

By   /  Monday, December 12th, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne acquires e2v Technologies

Thousand Oaks-based Teledyne Technologies acquired the British high performance image sensor manufacturer e2v Technologies in an all-cash deal, the companies announced on Dec. 12. Under the terms of the deal, e2v’s ordinary shareholders will receive 275 pence in cash for each e2v share valuing the ordinary share capital of e2v at approximately 620 million British Read More →

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