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Montecito Bank & Trust
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Regulation key to fintech’s future

By   /  Friday, December 2nd, 2016  /  Banking & Finance, Banking Industry, Latest news, Law  /  Comments Off on Regulation key to fintech’s future

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Election results boost tech, defense stocks

By   /  Friday, December 2nd, 2016  /  right, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Election results boost tech, defense stocks

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Semtech beats analyst estimates for net income

By   /  Wednesday, November 30th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Semtech beats analyst estimates for net income

Camarillo semiconductor supplier Semtech announced net income of $30.8 million, or 46 cents per diluted share, in its third quarter 2016 earnings release Nov. 30. Net income beat analyst estimates of 36 cents per share but net sales for the quarter of $137.2 million were just shy of estimates by Zacks Investment Research of $138.6 Read More →

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Regulatory agencies terminate Heritage Oaks Bancorp consent order

By   /  Tuesday, November 29th, 2016  /  Banking & Finance, Banking Industry, Latest news, Law  /  Comments Off on Regulatory agencies terminate Heritage Oaks Bancorp consent order

Heritage Oaks Bankcorp said Nov. 29 that state and federal regulatory agencies have terminated a consent order related to the Bank Secrecy Act and anti-money laundering programs at its Heritage Oaks Bank subsidiary. The Paso Robles-based bank is the largest in the region with $2 billion in assets. Heritage Oaks said the Federal Deposit Insurance Read More →

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9 tri-county companies on Deloitte Fast 500 list

By   /  Friday, November 25th, 2016  /  middle, Technology, Tri-County Public Companies  /  Comments Off on 9 tri-county companies on Deloitte Fast 500 list

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Wells Fargo economist says Trump will likely help economy

By   /  Wednesday, November 23rd, 2016  /  Banking & Finance, Banking Industry, Latest news, Tri-County Economy  /  Comments Off on Wells Fargo economist says Trump will likely help economy

President-elect Donald Trump will likely have a positive impact on the regional and national economy in the short term in the form of tax cuts and ramping up defense spending, Wells Fargo Senior Economist Mark Vitner said. Trump claims he will reduce personal and corporate income taxes, which would theoretically spur investment in the U.S. Read More →

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QAD’s third quarter net income falls

By   /  Tuesday, November 22nd, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on QAD’s third quarter net income falls

QAD revenues edged up during its fiscal third quarter 2017, but the company lost ground on net income and earnings per share. Total revenue for the enterprise business software provider, based in Santa Barbara, grew to $69.5 million, up from $68 million for the third quarter last year. Revenue mix continued to trend away from Read More →

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