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UPDATED: Bank of Santa Barbara CEO search underway

By   /  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.

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CenCal-USC dispute highlights Medi-Cal pricing issues

By   /  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.

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Avila schoolhouse tasting room changing hands amid Ch 7. filing

By   /  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.

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Stand and deliver: Lori’s Original Lemonade lands in 300 stores

By   /  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.

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Mining new markets: HG Data funding rises to $5.5M

By   /  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.

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Ceres plans to license corn-derived gene patent

By   /  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.

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Hummingbird Nest rezoning paves way for Simi’s first 5-star resort

By   /  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.