UPDATED: Bank of Santa Barbara CEO search underway
By Marlize van Romburgh / Friday, May 16th, 2014 / Banking & Finance, Banking Industry, South Coast, Top Stories, Tri-County Economy / Comments Off on UPDATED: Bank of Santa Barbara CEO search underway
The Bank of Santa Barbara is searching for a new CEO as it races to comply with a regulatory order related to violations of Bank Secrecy Act reporting rules. Eloy Ortega has left his position as chief executive and Joanne Funari has been appointed interim CEO while a special committee recruits a new leader.
CenCal-USC dispute highlights Medi-Cal pricing issues
By Stephen Nellis / Friday, May 16th, 2014 / Central Coast, Health Care & Life Science, Law & Goverment, South Coast, Top Stories, Tri-County Economy / Comments Off on CenCal-USC dispute highlights Medi-Cal pricing issues
A USC hospital is demanding $2 million for a surgery performed on a Medi-Cal patient from Santa Barbara County, more than 25 times as much as Santa Barbara County officials believe the procedure should have cost.
Avila schoolhouse tasting room changing hands amid Ch 7. filing
By Tom Bronzini / Friday, May 16th, 2014 / Central Coast, Real Estate, Top Stories, Tourism, Wine & Viticulture / Comments Off on Avila schoolhouse tasting room changing hands amid Ch 7. filing
The Salisbury Vineyards tasting room in a historic old schoolhouse in Avila Valley has closed amid a Chapter 7 bankruptcy filing, and a new venue will open there in June under the banner of newcomer Biddle Ranch Vineyard.
Stand and deliver: Lori’s Original Lemonade lands in 300 stores
By Erika Martin / Friday, May 16th, 2014 / East Ventura County, Small Business, Top Stories, Tri-County Economy, Women Inc. / Comments Off on Stand and deliver: Lori’s Original Lemonade lands in 300 stores
Ojai-based beverage maker Lori’s Original Lemonade has quickly spread its zest across the West Coast.
Mining new markets: HG Data funding rises to $5.5M
By Stephen Nellis / Friday, May 16th, 2014 / Technology, Top Stories / Comments Off on Mining new markets: HG Data funding rises to $5.5M
With a fresh round of venture capital, Santa Barbara-based business intelligence firm HG Data is hoping to track the technology in use at about 100,000 Asian companies to complement it huge database of North American firms.
Ceres plans to license corn-derived gene patent
By Stephen Nellis / Friday, May 16th, 2014 / Agribusiness, East Ventura County, Technology, Top Stories, Tri-County Economy / Comments Off on Ceres plans to license corn-derived gene patent
Thousand Oaks-based energy crop firm Ceres has been granted a patent on a gene sequence derived from corn and plans to license the patent to big seed companies.
Hummingbird Nest rezoning paves way for Simi’s first 5-star resort
By Marlize van Romburgh / Friday, May 16th, 2014 / East Ventura County, Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy / Comments Off on Hummingbird Nest rezoning paves way for Simi’s first 5-star resort
Texas billionaire David Saperstein has finally secured approval to have Hummingbird Nest Ranch rezoned, paving the way for Simi Valley’s first five-star resort.