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Montecito Bank & Trust
Latest

Coast National sale speeds up merger surge

By   /  Friday, January 8th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on Coast National sale speeds up merger surge

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Settlement ends Amgen drug kickback saga

By   /  Thursday, January 7th, 2016  /  East Ventura County, Health Care, Latest news, Tri-County Public Companies  /  Comments Off on Settlement ends Amgen drug kickback saga

A drug kickback program is finally behind Amgen, the Thousand Oaks-based pharmaceutical giant. Louisville, K.Y.-based PharMerica was the last of three companies to settle lawsuits relating to Amgen allegedly paying kickbacks to PharMerica and another company to prescribe patients the anemia drug Aranesp. PharMerica settled the suit for $2.5 million in December, Louisville Business First Read More →

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Latest

Bank of the Sierra buying Coast National Bank

By   /  Tuesday, January 5th, 2016  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public Companies  /  Comments Off on Bank of the Sierra buying Coast National Bank

Sierra Bancorp, the holding company of Bank of the Sierra, will acquire San Luis Obispo-based Coast Bancorp, pending regulatory approval, the banks announced late Jan. 4. It’s the latest move in a wave of tri-county banking mergers and industry sources have told the Business Times there are likely more in the works. “Bank of the Read More →

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Latest

American Riviera Bank merges with The Bank of Santa Barbara

By   /  Monday, January 4th, 2016  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank merges with The Bank of Santa Barbara

American Riviera Bank completed its previously announced merger with The Bank of Santa Barbara. The merger, first announced on July 15, was approved by shareholders of American Riviera Bank and The Bank of Santa Barbara and received required regulatory approvals. American Riviera Bank had $227 million in assets and The Bank of Santa Barbara had Read More →

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Latest

More bank mergers on tap for 2016

By   /  Friday, January 1st, 2016  /  Banking & Finance, Banking Industry, Latest news, Top Stories, Tri-County Public Companies  /  Comments Off on More bank mergers on tap for 2016

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Latest

Calavo Growers’ fourth quarter earnings fall short

By   /  Tuesday, December 29th, 2015  /  Agriculture, Earnings, Latest news, Top Stories, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo Growers’ fourth quarter earnings fall short

Santa Paula-based Calavo Growers missed analyst projections on its fourth-quarter earnings. Calavo Growers, which is known for its avocado production, reported on Dec. 29 a profit of 28 cents per share, missing Wall Street’s projection of 46 cents per share. Calavo Growers stock ended the day at $49.51 per share, down $1.14. The company posted Read More →

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Latest

Sientra faces disclosure lawsuits

By   /  Friday, December 18th, 2015  /  Health Care, Latest news, Law, left, Top Stories, Tri-County Public Companies  /  Comments Off on Sientra faces disclosure lawsuits

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