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Goleta-based Sientra to offer additional $75 million worth of stock

By   /  Thursday, September 3rd, 2015  /  Latest news, South Coast, Technology, Tri-County Public Companies  /  Comments Off on Goleta-based Sientra to offer additional $75 million worth of stock

Sientra, a Goleta-based breast implant manufacturer, submitted documents to the Securities and Exchange Commission to offer an additional $75 million worth of stock on Sept. 3. Sientra raised about $77 million after paying underwriting expenses when it started trading on the Nasdaq on Oct. 29, 2014. At the time, the company said it sold 5.75 Read More →

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Combined banks will be known as American Riviera Bank

By   /  Thursday, August 27th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Combined banks will be known as American Riviera Bank

The combined American Riviera Bank and The Bank of Santa Barbara will be known as American Riviera Bank, the merged institution announced Aug. 27. Santa Barbara-based marketing agency Idea Engineering deemed that the name would have better “brand impact.” The banks proposed the merger in July, which would combine two smaller companies into a three-branch Read More →

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Amgen’s cholesterol-lowering drug Repatha gets U.S. approval

By   /  Thursday, August 27th, 2015  /  Latest news, Tri-County Public Companies  /  Comments Off on Amgen’s cholesterol-lowering drug Repatha gets U.S. approval

Thousand Oaks-based biotech giant Amgen won U.S. approval for its powerful cholesterol-lowering drug Repatha for certain patients, making it the second in a new class of treatments to come to market, Bloomberg News reported Aug. 27. The Food and Drug Administration cleared Repatha for people with hard-to-treat levels of bad cholesterol, according to a statement Read More →

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Goleta-based Community West Bancshares reports loss

By   /  Friday, August 21st, 2015  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Goleta-based Community West Bancshares reports loss

Goleta-based Community West Bancshares, parent company of Community West Bank, reported a loss of $2.3 million in the second quarter of 2015 following a $7.2 million loan settlement. The company recorded a profit of $1.7 million in the same period last year. “Community West’s second quarter results included solid loan and deposit growth and strong Read More →

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32 tri-county firms on list of Inc. 5000 fastest growing companies

By   /  Friday, August 21st, 2015  /  Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on 32 tri-county firms on list of Inc. 5000 fastest growing companies

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Energy plant site visit will be showdown between Oxnard, NRG

By   /  Friday, August 21st, 2015  /  Energy, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Energy plant site visit will be showdown between Oxnard, NRG

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Heritage Oaks Bank CFO Lonny Robinson resigns

By   /  Thursday, August 20th, 2015  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank CFO Lonny Robinson resigns

Heritage Oaks Bank Executive Vice President and Chief Financial Officer Lonny Robinson has resigned, holding company Heritage Oaks Bancorp announced Aug. 19. The Paso Robles-based bank hired Robinson in March 2014 to help with the Mission Community Bank merger and groom his successor, Jason Castle, Heritage Oaks Bank CEO and President Simone Lagomarsino said. Robinson Read More →