Guilty pleas in $2 million unemployment fraud case in Santa Barbara County
Latest news, Law & GovermentThree people have pleaded guilty in Santa Barbara County to multiple counts of felony unemployment benefit fraud and identity theft, in just one example of the type of fraud that has cost the state tens of billions of dollars during the pandemic. The three defendants were Gordon Alan Welterlen and Nicole Michelle Milan, of San Read More →
PPP loans drove income growth at American Riviera Bank
Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public CompaniesNet income at American Riviera Bank increased in both the fourth quarter and full year of 2020, on the back of high loan growth and other positive factors, the bank announced Jan. 28. The Santa Barbara-based bank said its annual unaudited net income was up 15% from the previous year. In 2019, American Riviera Bank Read More →
Stop-and-start reopening starts again
Central Coast, East Ventura County, Health Care & Life Science, Latest news, Restaurants, right, South Coast, Top Stories, Tri-County Economy, West Ventura CountyRestaurants are open outdoors again, as California is back under the county-by-county tiered reopening system after more than a month under a stay-at-home order that split the state into five regions. Ventura, Santa Barbara and San Luis Obispo counties are all again in the state’s purple tier, the most restrictive one, as cases in the Read More →
Pacific Premier sees bump in income, assets in fourth quarter
Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public CompaniesPacific Premier Bancorp’s net income rose in 2020 on the back of strong overall performance, causing the company to approve a new $150 million share repurchase program, the bank announced Jan. 26. The bank’s net income increased more than 63% from the previous year, going from $41.1 million in the fourth quarter of 2019 to Read More →
Bank of the Sierra reports higher loan volume but income drop
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSierra Bancorp announced a slightly-lower net income when it released its fourth quarter 2020 earnings amid high deposit growth and record growth in loans and leases. The parent of Bank of the Sierra, which is based in Porterville but has 11 branches in the Tri-Counties, announced a fourth quarter net income of $9 million, or Read More →
CSUCI’s interim president begins 18-month term
Higher Education, Latest news, Subscriber content, Tri-County Economy, West Ventura CountyThis 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.
Real Estate: Planned mixed-use property in SLO sells
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