Ontario-based Citizens Business Bank will acquire Oxnard-based County Commerce Bank in a cash and stock deal announced Oct. 14. The deal will strengthen Citizens’ commercial banking presence in Ventura County and CCB will have more lending power, the companies said in a news release. In exchange for all of CCB’s common stock and options, Citizens Read More →
Appfolio is expanding in Goleta. Appfolio will lease an additional 7,855 square feet of space at its office at 50 Castilian Drive in Goleta, according to documents filed with the Securities and Exchange Commission on Oct. 14. The new space will increase the amount of space Appfolio leases from Nassau Land Company to 26,490 square Read More →
Kythera Biopharmaceuticals is permanently laying off 117 employees at its Westlake Village offices, according to a filing today with the Securities and Exchange Commission. The layoffs come as no surprise and appear to be part of Kythera’s merger with Dublin-based Allergan. On June 17, Allergan announced that it would buy Kythera for $2.1 billion. The Read More →
Kathleen Cochran is resigning her position at the Bacara Resort & Spa in Goleta. The general manager is leaving the coastal hotel after more than four years at the helm for family reasons. Shashi Poudyal, who previously headed the Estancia La Jolla Hotel & Spa, is Bacara’s new general manager. “It was probably one of Read More →
Thousand Oaks-based pharmaceutical giant Amgen announced results Oct. 12 showing its bone density drug Prolia reduced the incidences of bone fractures in post-menopausal women with osteoporosis over 10 years. Prolia is designed to raise bone density in people with a history of osteoporosis. Amgen released the data during the annual conference of the American Society Read More →
Gov. Jerry Brown signed a bill on Oct. 8 that requires the California Fire Marshal to review oil pipeline conditions every year, rather than every two years or more. Houston-based Plains All American Pipeline performed an inspection of its Line 901 about two weeks before May 19’s Refugio oil spill. But it was too Read More →
Gov. Jerry Brown signed a bill on Oct. 7 that seeks to establish a local government for the unincorporated area of Santa Barbara County known as Isla Vista. The bill would establish a community services district. AB 3 requires the Santa Barbara County Board of Supervisors to submit an application to the Local Agency Formation Read More →