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Shares of Community West Bancshares soared 7.7 percent even as the Goleta-based bank reported a $591,000 second-quarter loss. The parent company of Community West Bank’s latest loss swings away from an $819,000 profit in the first quarter. Including $268,000 in dividends and accretion on preferred stock, Community West’s second-quarter net loss applicable to common stockholders Read More →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
[EDITOR’S NOTE: This story, originally published online on May 18, was updated with additional quotes and information. The updated version, published May 25, is below]. On the heels of $463 million in business investment since 2010, the city of Goleta is teaming up with its neighbor UC Santa Barbara and the Goleta Valley Chamber of Read More →
Unseasonably warm weather dampened first-quarter profits at Ugg boot maker Deckers Outdoor Corp and sent its share price tumbling more than 18 percent after the earnings announcement. The Goleta-based footwear company reported April 26 that quarterly profits were down 59 percent to $7.9 million, or 20 cents per share. The earnings drop came even as Read More →
Eucalyptus Systems has raised $30 million in fresh venture capital from the same firm that funded Netflix and Twitter, bringing the Goleta-based cloud computing software company’s total capital raised to date to $55.5 million. Eucalyptus was founded in 2009 by a team of computer scientists led by UC Santa Barbara professor Rich Wolski. It makes Read More →