Santa Lucia defers debt payments
UncategorizedAtascadero-based Santa Lucia Bancorp said Sept. 3 that, following consultation with Federal Reserve officials, it will defer payments on $5 million in debt for up to 20 quarters. The firm also recently announced that it expects to enter an agreement with or be placed under an enforcement order to boost capital by banking regulators. The Read More →
Editorial: Systemic pension problems
OpinionNews that the University of California system faces a $20 billion pension shortfall underscores one sobering truth to consider on Labor Day: Public sector jobs are not a free ride. Every job in the public sector is paid for with taxes, fees, tuition or other levies on private enterprise. Public-sector employees have a certain amount Read More →
Taking stock of PCBC, one share at a time
ColumnsGenerally speaking, it’s not a great idea for a journalist to own stock in a company he or she covers. In fact, it’s entirely unethical. But there is one exception. Back before the SEC’s Regulation FD, Yahoo Finance, the Internet and instantaneous disclosure of everything to everybody, it was an established practice for a Read More →
Editorial: Ventura Harbor comes to its parking senses
OpinionScore one point for small business. After just two months, Ventura Harbor authorities have at least temporarily abandoned their plan to charge drivers for parking during peak hours at the cozy retail and restaurant district that is the main tourist draw for the harbor. The decision to abandon ship on parking fees was officially blamed Read More →
Consolidation wave hits region
UncategorizedThe information technology landscape is changing in the Tri-Counties, with two acquisitions in San Luis Obispo County and more possible in the future. The buys come as companies that have remained strong are looking for opportunities to grow and position themselves for when better times return. They’re also showing the pains and opportunities in what’s Read More →
Find the bag, follow the money: Tech veteran builds business on lost luggage
UncategorizedYou’ve just stepped off an airplane in London. You’re tired and jetlagged, and your bag is nowhere to be found. Looks like you’ll be presenting to the head of European operations in the clothes you’ve spent 16 hours in. Santa Barbara technology veteran Cleveland Motley wants to make sure that doesn’t happen again. Motley is Read More →
