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 →
Crab fishing ban in tri-counties partially lifted
Tri-county crab fishermen have some reprieve from the near two-month fishing ban. The California Department of Public Health partially lifted the ban on Dec. 31, saying that all crab caught on the mainland south of Piedras Blancas Light Station in northern San Luis Obispo County was safe to eat. Officials have found high levels of Read More →
Central Coast campaign targets foreign tourists
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AppFolio, MindBody must become profitable
AppFolio and MindBody went through growing pains in 2015, spending more money than they earned. Now, 2016 needs to be the year of profitability. On one hand, AppFolio and MindBody successfully transitioned from promising young startups into growing young companies in 2015. As we head into 2016, though, both companies have yet to answer how Read More →
Community West Bank expanding into San Luis Obispo
Goleta-based Community West Bank plans to open a new branch in San Luis Obispo. Community West, which is owned by Community West Bancshares, looks to debut a full-service branch at 4464 Broad Street — its first in San Luis Obispo County. Its sixth tri-county location, pending approval from federal regulators, would open in the third Read More →
San Luis Obispo’s Digital West Networks acquires AdSmart
San Luis Obispo-based Digital West Networks has acquired AdSmart, a mobile advertising software platform. Digital West provides commercial-grade Internet connectivity, colocation and cloud services to businesses. “This strategic acquisition provides a much needed connection between infrastructure delivery and the direct business solutions we can provide on our network,” said Tim Williams, CEO of Digital West. Read More →
SESLOC opening branch in Santa Maria
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