Dignity Health plans merger with Catholic Health Initiatives
Health Care & Life Science, Latest newsSan Francisco-based Dignity Health plans to merge with Colorado-based Catholic Health Initiatives in a deal that would combine a couple of the largest nonprofit providers in the country, Dignity announced on Oct. 24. Dignity Health owns five hospitals in the Tri-Counties, including Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo, St. Read More →
Doctor buys Thousand Oaks property for medical clinic
Health Care & Life Science, Latest news, Real EstateOrthopedic and sports medicine specialist Dr. Greg Tchejeyan purchased the 250 Lombard St. property in Thousand Oaks for $1.6 million, Westcord Commercial Real Estate announced Oct. 20. The 4,800-square-foot office space was previously owned by the construction firm Wesley Thomas. Tchejeyan will relocate his practice from Los Robles Medical Center and redevelop the space into Read More →
Channel Technologies files for bankruptcy protection
Latest news, TechnologyChannel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar gear for decades, has filed for bankruptcy protection amid losses on long-term contracts. The company was expected to lose $11.6 million this year on around $30 million in revenue as it struggled to meet the terms of contracts it Read More →
Montecito Bank & Trust net income down but loan, deposit growth strong
Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSanta Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net Read More →
Amgen to pay $1 quarterly dividend
Earnings, Health Care & Life Science, Latest news, Tri-County Public CompaniesThousand Oaks-based biotech giant Amgen announced another quarterly dividend of $1 per share Oct. 14 for the fourth quarter of 2016. The dividend will be paid on Dec. 8, 2016, to all stockholders of record as of the close of business on Nov. 16, 2016. • Contact Philip Joens at pjoens@pacbiztimes.com.
OCB Bancorp loan portfolio hits $200 million mark
Banking & Finance, Banking Industry, Latest newsOCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — has eclipsed a $200 million loan portfolio, the company recently announced. As its loan portfolio has grown at around 30 percent to 35 percent annually over the past several years, OCB Bancorp now has Read More →
Former Cottage Hospital supervisor charged with embezzling
Health Care & Life Science, Latest news, Law & GovermentA former Santa Barbara Cottage Hospital employee was charged with embezzling more than $200,000 from the hospital’s unincorporated Medical Staff Association, the Santa Barbara County District Attorney announced on Oct. 14. Cottage’s former Medical Staff Services Supervisor Pamela Cochran-Escalante is charged with one count of grand theft with the special allegation that she took more Read More →
