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Olaplex ups IPO price, hopes to raise almost $1.5B

By   /  Tuesday, September 28th, 2021  /  Banking & Finance, Latest news, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Olaplex ups IPO price, hopes to raise almost $1.5B

The Montecito-based hair care products company Olaplex upped the projected share price of its planned initial public offering on Sept. 28 and now expects to raise as much as $1.46 billion. Olaplex now plans to price its upcoming IPO at $17 to $19, it said in a filing with the U.S. Securities and Exchange Commission, Read More →

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Paul Glenn, Montecito investor and philanthropist, dies at 89

By   /  Thursday, October 8th, 2020  /  Central Coast Health Watch, Latest news, South Coast, Tri-County Economy  /  Comments Off on Paul Glenn, Montecito investor and philanthropist, dies at 89

Paul F. Glenn, a successful commodities trader whose foundation invested more than $100 million into research related to aging and longevity, has died in Montecito at age 89. He was a native of Pennsylvania who attended Princeton and Harvard Law School before embarking on a career as a commodities trader. Much of his success came Read More →

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Montecito man gets 3 years for stock fraud scheme

By   /  Monday, August 31st, 2020  /  Latest news, Law, South Coast, Tri-County Economy  /  Comments Off on Montecito man gets 3 years for stock fraud scheme

Efstratios “Elias” Argyropoulos of Montecito was sentenced Aug. 31 to three years in federal prison for defrauding 130 investors out of more than $3.4 million, federal prosecutors announced. Argyropoulos was the president and sole shareholder of the financial services firm Prima Ventures from 2010 to 2015. During that time, he told investors he had the Read More →

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Montecito Bank & Trust board adds Marshall, Rabinowitz

By   /  Tuesday, May 26th, 2020  /  Banking & Finance, Banking Industry, Latest news, South Coast  /  Comments Off on Montecito Bank & Trust board adds Marshall, Rabinowitz

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Banks ramp up loans to tri-county small businesses

By   /  Friday, April 24th, 2020  /  Banking & Finance, Banking Industry, Latest news, Small Business, Tri-County Economy  /  Comments Off on Banks ramp up loans to tri-county small businesses

It’s not too late for tri-county small businesses to get financial aid from the government to help offset COVID-19 losses. President Donald Trump signed a $484 billion relief package bill April 24 containing the awaited second wave of Payroll Protection Program funding. The program originally had $349 billion for small businesses but ran out of Read More →

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Tri-county tourism, hospitality hurting but region suited for recovery

By   /  Friday, April 17th, 2020  /  Banking Industry, Central Coast, Destinations, Education, Latest news, Restaurants, Small Business, South Coast, Tourism, Tri-County Economy, Wine & Viticulture, Women Inc.  /  Comments Off on Tri-county tourism, hospitality hurting but region suited for recovery

Keeping the economy closed has saved lives, but it has hurt and will continue to hurt tri-county residents in the pocketbook. A webinar put on by UC Santa Barbara on April 16 probed the different ways the community’s businesses were hurting and panelists talked about solutions to help ease the pain. “I think we can Read More →

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More questions than answers as PPP runs out of loan funds

By   /  Friday, April 17th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Law, Small Business, South Coast, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on More questions than answers as PPP runs out of loan funds

Questions remain as the Small Business Administration ran out of funding for the Payroll Protection Program on April 16. The fund started with $349 billion, which was quickly loaned out to businesses across the nation — but not to everyone at the same time. Independent contractors and self-employed people were able to apply for the Read More →

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