Donald M. Anderson, a Minnesota native whose vision drove Santa Barbara Bank & Trust’s rise to the top of the region’s financial institutions, died earlier this month in Santa Barbara. He was 86.
The divestiture of the stores is part of another deal to secure FTC clearance for Albertons to acquire Safeway in a $9.2 billion deal. That transaction, which the companies are calling a merger, was announced in March and is expected to close in January.
According to company filings, LTC will use the proceeds of the sale to pay down outstanding debt on its unsecured credit line, fund acquisitions and current development pipeline and for general corporate purposes.
Ventura County officials have confirmed that oilfield waste management company Anterra Energy Services, which has facilities in Oxnard and Santa Paula, will no longer be trucking additional waste to the Oxnard location.
As drones migrate from the military space into the private sector, their potential uses reach far wider than the home delivery efforts that made headlines a year ago.
Iron & Resin, a lifestyle retailer steeped in the motorcycle and surf culture of Ventura opened its second flagship location in San Francisco on Dec. 1.
