Sutter Health sees expenses rise in the third quarter
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Banc of California closes merger with PacWest, raises $400M
Los Angeles-based Banc of California announced the completion of its all-stock merger with PacWest Bancorp, which will take effect Dec. 1. Announced on Nov. 30, Pacific Western Bank, a subsidiary of PacWest Bancorp, has now merged into Banc of California meaning the combined bank will operate under the Banc of California name and brand. The Read More →
Acelyrin shares decline after programming error disclosure
Conejo Valley-based Acelyrin saw shares plummet more than 30% on Nov. 28 after the biotechnology startup announced an error in one of its trials for its main treatment. Acelyrin, which is a part of Westlake Village BioPartners investing portfolio, disclosed there was a programming error in a drug trial of izokibep, a treatment for psoriatic Read More →
Deckers shares skyrocket in month after earnings excitement
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Dole’s momentum continues in the third quarter
Westlake Village-based Dole plc reported its third-quarter earnings on Nov. 16 and noted higher revenue and net income than in the same quarter a year ago. Dole reported revenue worth $2 billion for the quarter ended Sept. 30, up 4.2% from the same quarter a year ago. In a press release, Dole said the revenue Read More →
MB&T gives away $1.1M, Benefits 195 Orgs
Janet Garufis, CEO and chairwoman of Montecito Bank & Trust, gathered dozens of representatives from local nonprofits and organizations to celebrate the season of giving with a bang at the 2023 Montecito Bank & Trust Community Dividends event Nov. 20. During the event, the bank announced it was donating $1.1 million to nonprofits based in Read More →
Portfolio watch
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