August 13, 2022
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Loans slow down but deposits grow at Community Bank of Santa Maria

By   /  Monday, April 18th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Regions, Santa Barbara County, Tri-County Public Companies  /  Comments Off on Loans slow down but deposits grow at Community Bank of Santa Maria

Total assets and deposits at Community Bank of Santa Maria grew in the first quarter of the fiscal year, even as new loans and net income decreased, the bank announced April 18. Community Bancorp of Santa Maria, the holding company for Community Bank of Santa Maria, reported its total assets rose to $411.4 million by Read More →

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Sonos pays $100M for Dutch audio component company

By   /  Monday, April 11th, 2022  /  Banking & Finance, Latest news, middle, Regions, Santa Barbara County, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Sonos pays $100M for Dutch audio component company

Santa Barbara-based Sonos added to its home audio arsenal on April 11 when it announced the purhcase of Netherlands-based Mayht for $100 million in cash. Mayht specializes in audio transducers, the foundational element within speakers that creates sound. Sonos said in a news release announcing the acquisition that Mayht has “re-engineered” transducers to make them Read More →

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Atara closes $100M sale of Thousand Oaks facility

By   /  Wednesday, April 6th, 2022  /  Banking & Finance, Health Care & Life Science, Latest news, Regions, Tri-County Public Companies, Ventura County  /  Comments Off on Atara closes $100M sale of Thousand Oaks facility

Atara Biotherapeutics, a drugmaker based in South San Francisco with a large presence in Thousand Oaks, announced April 4 that its cell therapy manufacturing facility in Thousand Oaks was purchased by Fujifilm Corp. for $100 million. The deal was first announced in January and is part of a long-term strategic supply agreement between Atara and Read More →

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LTC buys four properties for $52M

By   /  Monday, April 4th, 2022  /  Banking & Finance, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC buys four properties for $52M

Westlake Village-based real estate investment trust LTC Properties on April 4 announced the acquisition of four LuxeRehab rehabilitation centers in Texas for about $52 million. The properties have 339 beds, primarily in private rooms, and will be operated by Ignite Medical Resorts, a current LTC operating partner, according to an LTC news release. LTC is Read More →

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PennyMac lays off workers as mortgage boom fades

By   /  Thursday, March 31st, 2022  /  Banking & Finance, Banking Industry, Latest news, Real Estate, Regions, Subscriber content, Top Stories, Top Story, Tri-County Public Companies, Ventura County  /  Comments Off on PennyMac lays off workers as mortgage boom fades

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Sientra reports rising revenue, declining losses

By   /  Wednesday, March 23rd, 2022  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, Regions, Santa Barbara County, Tri-County Public Companies  /  Comments Off on Sientra reports rising revenue, declining losses

Goleta-based Sientra reported record revenue for the fourth quarter and full year of 2021, and while the company still saw net losses, they were lower, the company reported March 23. Sientra, a breast implant manufacturer, had revenue of $22.6 million for the quarter, representing growth of 26.6% year-over-year, excluding discontinued operations. For the full year, Read More →

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Semtech shares up after earnings report

By   /  Wednesday, March 16th, 2022  /  Banking & Finance, Earnings, Latest news, Regions, Technology, Tri-County Public Companies, Ventura County  /  Comments Off on Semtech shares up after earnings report

Camarillo-based Semtech Corp. delivered a strong fourth quarter and full year fiscal 2021 earnings report after the markets closed March 16, recording an all-time best revenue mark along with a bump in net profit for the full year. Semtech, a semiconductor company specializing in Internet of Things applications, had revenue of $740.9 million for the Read More →