Ventura County water agencies flooded with regulations
Recharging West Ventura County’s depleted groundwater supplies is not as simple as collecting the deluge of rainwater flowing through the Santa Clara River. New federal restrictions designed to protect the endangered steelhead trout are making it much harder for agencies like United Water Conservation District to divert the river’s flow for cities and farmers. “This Read More →
Our view: Chumash deserve chance to develop Camp 4 land
The Santa Ynez Band of Chumash Indians took a big step toward self-sufficiency on Jan. 23 when the Bureau of Indian Affairs placed a prime Santa Ynez Valley property into a trust that clears the way for housing, vineyards and open space development. Technically known as Camp 4, the 1,390-acre property is scheduled for 143 Read More →
Public relations perspective helps boards of directors be successful
By Ross K. Goldberg Boards of directors are a curious lot. Some are comprised of investors who administer with short-term vision, accountable to shareholders’ quarterly earnings. Some serve in strictly an advisory capacity to a parent company that retains ultimate power. Some organizations have boards comprised of publicly elected officials who govern in accordance with Read More →
Opes Advisors relocating Santa Barbara office
Financial services firm Opes Advisors is relocating its Santa Barbara office to the Presidio Avenue neighborhood at the end of the month. The Cupertino-based firm is moving from its 2,600-square-foot 126 E. Carrillo St. space to a 1,200-square-foot location at 800 Presidio Ave. Its lease was up for renewal, the company said. The former Be Read More →
Montecito Bank & Trust reports income drop but strong loan and deposit growth
Santa Barbara-based Montecito Bank & Trust reported an 8.5 percent drop in net income in 2016 to $14.6 million but saw strong loan and deposit growth. The decrease in net income was due to loan loss reversals in 2015 that were not repeated in 2016. The bank reported loan growth of 22 percent year over Read More →
Digital West completes merger with Norcast Telecom
Digital West announced Jan. 24 that it completed a merger with its fellow IT network provider Norcast Telecom, both headquartered in San Luis Obispo. Together, they will have 60 employees with no staff reductions planned. “Our two companies have worked closely for more than 10 years; in fact, we work with many of the same Read More →
Pacific Premier Bancorp’s net income climbs
Pacific Premier Bancorp (PPBI), the holding company of Pacific Premier Bank, reported fourth quarter net income of $12 million, or 43 cents per diluted share, including $772,000 of merger-related expenses related to its pending acquisition of Heritage Oaks Bancorp. Net income was up from $8.1 million, or 37 cents per diluted share, in the fourth Read More →
