Pacific Capital’s Ford infusion
By Stephen Nellis / Monday, May 10th, 2010 / Banking & Finance, Banking Industry, Top Stories, Tri-County Public Companies / Comments Off on Pacific Capital’s Ford infusion
Pacific Capital Bancorp’s $500 million rescue by a private equity firm would spread the pain among shareholders, debt holders and the U.S. Treasury. But it also spreads the upside if the bank recovers, and in the meantime it might be the only way to keep the Santa Barbara Bank & Trust name alive in the Read More →
Bank earnings hint at rebound
By Pacific Coast Business Times Staff / Monday, May 10th, 2010 / Top Stories / Comments Off on Bank earnings hint at rebound
Even as the region’s largest bank grabs on to a $500 million lifeline, smaller banks in Ventura, Santa Barbara and San Luis Obispo counties reported mixed first quarters and plans to bring much-needed capital into the region. Many of the region’s banks found their income statements back in the black and saw deposits grow during Read More →
Rebirth in Santa Maria: Manufacturers Association is back
By Pacific Coast Business Times Staff / Monday, May 3rd, 2010 / Top Stories / Comments Off on Rebirth in Santa Maria: Manufacturers Association is back
After being kept alive for four years by the work of volunteers, the Santa Maria Manufacturers Association has official backing again and is drawing big crowds of business leaders. The association is a once-a-month, free-membership gathering that brings together some of the city’s biggest private-sector employers. Its April 27 meeting showcased officials from Pacific Read More →
Entrepreneurs in limbo: Cities keep massage start-ups on hold
By Pacific Coast Business Times Staff / Monday, May 3rd, 2010 / Top Stories / Comments Off on Entrepreneurs in limbo: Cities keep massage start-ups on hold
All Debra Ann Updike wants is to be her own boss. All the city of Camarillo wants is for her to wait a little longer. A massage therapist for the past 15 years, Updike rents space from another therapist in Somis, a rural neighborhood just northeast of Camarillo. Her dream is to open a studio Read More →
Failed Moorpark project lands in court
By Pacific Coast Business Times Staff / Monday, May 3rd, 2010 / Top Stories / Comments Off on Failed Moorpark project lands in court
The developers of North Park Village had their dreams to build a sprawling, luxury-home community outside Moorpark shot down years ago, but their liabilities for the ambitious project still linger. Although voters rejected plans for the 1,680-home community in 2006, its developers are still on the hook for $22.6 million, according to a lawsuit filed this Read More →
Region
By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Region
The markets have rallied in the past two months, and tri-county stocks have ridden — and, in some cases, blown past — the wave. Some of the strongest resurgences have come in the region’s technology sector. Other big winners are companies with stories about deals or turnarounds, but the region’s banking stocks have also played Read More →
Coming out of its shell
By Pacific Coast Business Times Staff / Monday, April 26th, 2010 / Top Stories / Comments Off on Coming out of its shell
Within five years, Port Hueneme will be home to about a quarter million giant keyhole limpets, a species of 5-inch-wide sea snail with a cone-shaped shell. It’s part of the business plan for Stellar Biotechnologies, a small firm that today uses about 40,000 limpets to make a protein used in cancer vaccine research. After more Read More →
