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Investor tosses business bank a lifeline

By   /  Monday, October 5th, 2009  /  Top Stories  /  Comments Off on Investor tosses business bank a lifeline

While the banking crisis is still far from over, those in the Tri-Counties have a handful of indicators that things aren’t as bad as they seem. Take Ventura County Business Bank in Oxnard. A few months ago, President and Chief Executive Gerald Lukiewski was scrambling to find capital before his FDIC-imposed December deadline. Now, since Read More →

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A flood of penalties

By   /  Friday, October 2nd, 2009  /  Top Stories  /  Comments Off on A flood of penalties

Businesses are some of the biggest water polluters in the Tri-Counties, and now they’re facing millions of dollars in penalties. Power-generating stations, oil wells and a high-end resort hotel have all run into allegations from state regulators that they failed to report water quality data or discharged pollutants in amounts greater than they were allowed. Read More →

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News analysis: Weighing options for Pacific Capital

By   /  Friday, October 2nd, 2009  /  Top Stories  /  Comments Off on News analysis: Weighing options for Pacific Capital

Pacific Capital Bancorp faces a fork in the road: Go it alone or find a stronger partner. Shareholders passed two proposals Sept. 29 that would let the parent of Santa Barbara Bank & Trust and several other tri-county banking brands go either way. The question now is what each path would hold. What’s not in Read More →

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Upscale grocers get ready for Whole Foods debut

By   /  Monday, September 28th, 2009  /  Top Stories  /  Comments Off on Upscale grocers get ready for Whole Foods debut

You can come out now, Santa Barbara. There isn’t going to be a food fight. At least that’s what John Jurey, manager of the incoming Whole Foods grocery store, says. When Whole Foods announced that it would open a Santa Barbara store in fall 2009, the city braced itself for an Old West-style showdown between Read More →

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A good year

By   /  Monday, September 28th, 2009  /  Top Stories  /  Comments Off on A good year

It may have been a sour year for the national economy, but bottle it up and 2009 will probably taste better on reflection. Up and down the Central Coast, wineries are frantically bringing grapes in for the crush by the truckload and, by and large, the feedback seems to be that it’s going to be Read More →

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CLU Forum: Bank chiefs see few green shoots

By   /  Tuesday, September 22nd, 2009  /  Top Stories  /  Comments Off on CLU Forum: Bank chiefs see few green shoots

After taking a pounding from the fast-falling economy and tough-minded regulators this year, community banks in the Tri-Counties are beginning to think they’re at the bottom. But it’s too early to say if the Tri-Counties are in the recovery phase. That’s the view of four top regional bank chief executives who spoke at a Sept. Read More →

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SEC probes stock buy

By   /  Monday, September 21st, 2009  /  Top Stories  /  Comments Off on SEC probes stock buy

A Victorville man accused of falsely claiming he owned millions of dollars of shares in dozens in companies around the world has touched a nerve in Westlake Village. Last year, CapitalSource Healthcare REIT, a Westlake Village firm, filed papers to raise as much as $362 million in an initial public offering. The company, a subsidiary Read More →

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