Flat population, more competition spells trouble for restaurants
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Fitch gives San Luis Obispo an AA+ credit rating
Fitch Ratings gave the city of San Luis Obispo an AA+ credit rating on Jan. 27, describing its financial performance as “exceptionally strong.” The city’s revenue growth is expected to exceed the national pace, Fitch said in an independent assessment, and the city’s financial outlook is stable. Fitch said SLO has a “robust financial planning Read More →
Community West Bancshares income down for fourth quarter but up for 2016
Community West Bancshares, parent company of Goleta-based Community West Bank, reported net income of $1.3 million in the fourth quarter of 2016, or 16 cents per diluted share, down from $1.9 million in the fourth quarter last year. While net income was down for the quarter, it reached $5.2 million in 2016, up from $2.9 Read More →
Tri-county IT companies merging operations
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Heavy rains drench Tri-Counties but drought lingers
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Digital West completes merger with Norcast Telecom
Digital West announced Jan. 24 that it completed a merger with its fellow IT network provider Norcast Telecom, both headquartered in San Luis Obispo. Together, they will have 60 employees with no staff reductions planned. “Our two companies have worked closely for more than 10 years; in fact, we work with many of the same Read More →
Community West Bank opens new Santa Maria Branch
Community West Bancshares, parent company of Community West Bank, announced the opening of its full-service Santa Maria branch at 122 Betteravia Road on Jan. 17, replacing its 2615 S. Miller St. location. The move continues its Central Coast expansion after the bank opened its first full-service San Luis Obispo branch at 4464 Broad St. in Read More →
