HUB International acquires Riviera Insurance
Chicago-based HUB International Insurance Services acquired Riviera Insurance Services in Santa Barbara, Hub announced on Nov. 1. Riviera’s Chris Hill and Steve Woodward, along with their staff, will join a team of more than 40 Tri-County brokers from San Luis Obispo to Westlake Village. Riviera will continue to operate from its location at 418 Chapala Read More →
Founders Community Bank in SLO being acquired
Fresno-based Premier Valley Bank will acquire San Luis Obispo-based Founders Community Bank in a stock-and-cash transaction valued at approximately $29.1 million, or $21.87 per share, the companies announced on Oct. 31. The parent company of Premier, Heartland Financial USA, aims to acquire Founders, a wholly-owned subsidiary of Founders Bancorp, in a 70 percent stock and Read More →
Housing solution key to strong Central Coast economy
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Companies sue Brooks Institute owner over pay
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MindBody revenues grew 35 percent in third quarter
MindBody continued on its path to profitability during the third quarter as revenues grew 35 percent. Revenues increased from $26 million during the same quarter of 2015 to $35.2 million in 2016. Net losses also decreased 39 percent from $9.62 million in 2015 to $5.89 million in 2016. Chief Financial Officer Brett White said on Read More →
Dignity Health plans merger with Catholic Health Initiatives
San Francisco-based Dignity Health plans to merge with Colorado-based Catholic Health Initiatives in a deal that would combine a couple of the largest nonprofit providers in the country, Dignity announced on Oct. 24. Dignity Health owns five hospitals in the Tri-Counties, including Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo, St. Read More →
Freeport-McMoRan sells California onshore oil, gas properties
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