December 7, 2022
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Citizens Business Bank finalizes acquisition of County Commerce Bank

By   /  Tuesday, March 1st, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Citizens Business Bank finalizes acquisition of County Commerce Bank

Citizens Business Bank finalized its acquisition of County Commerce Bank, the company announced on Feb. 29. In exchange for all of County Commerce’s common stock and options, Citizens paid $41.25 million — half in stock and half in cash. That equates to $16.79 per County Commerce share. County Commerce earned 40 consecutive “Five Star” quarterly Read More →

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Downtown SLO development raises issue of building heights

By   /  Friday, February 19th, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on Downtown SLO development raises issue of building heights

The San Luis Obispo City Council gave a preliminary nod to the concept of a mixed-use development slated for the heart of downtown SLO. It was not a formal action, the developers were just looking for feedback prior to submitting a final project. While the development isn’t necessarily pivotal to SLO’s economic vitality, the conversation Read More →

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Study claims short-term rentals in SB County generated $471.6 million in 2014

By   /  Thursday, February 18th, 2016  /  Latest news, South Coast, Tourism  /  Comments Off on Study claims short-term rentals in SB County generated $471.6 million in 2014

A new study backed by vacation rental owners and a popular vacation rental platform claims that short-term rentals accounted for more than $471.6 million in economic activity throughout Santa Barbara County in 2014. The study was commissioned by Home Away, an Austin, Texas-based vacation rental marketplace with more than one million vacation rental listings in Read More →

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Tri-county growers, florists flourish despite drought

By   /  Friday, February 12th, 2016  /  Agribusiness, right  /  Comments Off on Tri-county growers, florists flourish despite drought

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Business, wilderness a successful mix

By   /  Friday, February 12th, 2016  /  Latest news, Op/Eds, Opinion  /  Comments Off on Business, wilderness a successful mix

With the introduction of the Central Coast Heritage Protection Act by U.S. Rep. Lois Capps and Sen. Barbara Boxer, we have an opportunity to protect 250,000 acres of our incredible local landscape as wilderness — a common sense measure that will drive growth in our local recreation economy and enhance the quality of life that Read More →

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OCB Bancorp income up 142 percent in 2015

By   /  Thursday, February 11th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on OCB Bancorp income up 142 percent in 2015

OCB Bancorp, the parent company of Ojai Community Bank, increased its year-over-year net income by 142 percent in 2015. OCB Bancorp’s net income grew from $380,000 in 2014 to $921,000 in 2015, or 40 cents in earnings per share. Total loans increased $48.2 million or 37.5 percent to $176.5 million in 2015. Total assets rose Read More →

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San Buenaventura’s 150th anniversary deserves celebration

By   /  Friday, February 5th, 2016  /  Columns, Latest news, West Ventura County  /  Comments Off on San Buenaventura’s 150th anniversary deserves celebration

You might say that the modern history of Ventura County began 150 years ago with the founding of the City of San Buenaventura. In April of 1866, Ventura was an emerging commercial center built around the mission. Cattle ranching was the biggest industry and the discovery of the prolific Ventura Avenue oil field was still Read More →