Montecito Bank & Trust reports big quarter due to PPP loans
Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →
College towns face life without students
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Alaska Airlines to add Santa Barbara-San Diego daily flights
Alaska Airlines will fly direct daily from Santa Barbara to San Diego starting Nov. 20, Santa Barbara Airport announced Aug. 4. Alaska Airlines already offers daily service from Santa Barbara to Seattle and Portland. The new flight reduces travel between San Diego and Santa Barbara from a car trip that can take anywhere from four Read More →
American Riviera Bank earnings tick up in Q2
American Riviera Bank saw a slight rise in its unaudited net income in the second quarter, but the Santa Barbara-based bank is still facing a decreased net income for the year as it prepares for loan losses. The bank’s unaudited net income in the second quarter of 2020 was $1.56 million, up from $1.51 million Read More →
EVMatch of Santa Barbara wins prestigious $25,000 climate prize
Santa Barbara electric vehicle infrastructure platform EVmatch took home a prestigious award on July 27 for its climate efforts, including a $25,000 prize. The startup, which connects EV drivers with residential and commercial charging stations, was among 10 winners of the 2020 Keeling Curve Prize. “These projects—like our former winners—were vetted by top climate experts Read More →
Reopening and closing tough on tri-county businesses
Karen Stewart, who owns Pier City Cider and Four Brix Winery in Ventura, closed for 10 weeks because of the COVID-19 pandemic. Her businesses were open for five weeks before the state ordered them shut again amid rising coronavirus cases on the Central Coast. And it will be at least the fourth week of July Read More →
Several tri-county companies got at least $5M in PPP funding
At least a dozen companies in the Tri-Counties received more than $5 million each in Paycheck Protection Program funding since the start of the COVID-19 pandemic, according to data released July 6 by the Trump administration. The companies’ names were listed because of the size of the loans they took out. All companies who took Read More →
