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Deals bolster balance sheets at two area banks |
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Written by Stephen Nellis
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Monday, 16 November 2009 |
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One bank went local, and one bank got smaller but sturdier.
Two deals recently closed that change the tri-county banking landscape. As of Nov. 11, the Bank of Santa Barbara will answer to group of Santa Barbara investors rather than a Michigan-based parent firm.
As of Nov. 6, the parent of Solvang-based Los Padres Bank, the third-largest bank in the region with 13 tri-county branches, no longer has branches in the Kansas City area but has better capital ratios. The bank still faces losses and a risk-based capital shortfall, but it is in a stronger position to meet the requirements laid out by federal regulators in cease and desist order filed in October.
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Last Updated ( Monday, 16 November 2009 )
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During the past 15 years, a tool and hardware distributor in Camarillo called Central Purchasing exploded into one of the largest private companies in the Tri-Counties as it exploited new sales channels online, in broadcast media and at 300 retail stores..jpg)
In what may be the largest lease deal in the Tri-Counties to date this year, Dynacorn International leased 98,952 square feet of industrial space at 4030 Via Pescador in Camarillo. The seven-year lease is valued at more than $3.8 million, according to NAI Capital’s Ventura County office, which represented the lessee.
