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 →
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 →
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 →
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
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 →
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 →
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 →