February 22, 2025

		


| Friday, June 13th, 2014

Coast National Bank parent raises $6.8M in private placement

Banking & Finance, Banking Industry, Top Stories

Coast Bancorp has raised $6.8 million through a private placement of debt and equity, a capital infusion that the San Luis Obispo-based banking firm said will be used for future growth as it turns the corner toward profitability. The parent company of Coast National Bank said the raise included 4.8 million shares of common stock Read More →

| Thursday, June 12th, 2014

Upper State Street office building sells for $10 million

Real Estate, Top Stories

  The building anchored by Citibank at 3757 State St. in Santa Barbara has been sold for just shy of $10 million, marking the largest sale of an office property on upper State Street since 2005, according to brokers behind the deal. The buyer and seller were not disclosed. The 20,000-square-foot building, which retains a long-term Read More →

| Wednesday, June 11th, 2014

Procore Technologies raises $15M from Bessemer

Latest news, South Coast, Technology, Top Stories, Tri-County Economy

Carpinteria-based Procore Technologies, company that makes cloud-based construction management software, has raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype.

| Wednesday, June 11th, 2014

Venoco cuts workforce

Latest news, South Coast, Tri-County Economy

Venoco, a Denver-based oil company with operations in the Tri-Counties, is laying off part of its workforce.

| Wednesday, June 11th, 2014

EDCO president to retire Sept. 1

Latest news, Nonprofits, Tri-County Economy, West Ventura County

Marking the fourth transition at a major Ventura County nonprofit in less than a month, Steve Kinney, the founding president of EDCO, the economic development group for Oxnard, said he will step down on Sept. 1.

| Monday, June 9th, 2014

Amgen hires former 3M exec as CFO

Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies

Amgen has hired David Meline, formerly with industrial conglomerate 3M Co., as its new chief financial officer. At 3M, Meline was responsible for the finances of a Minnesota-based company with more than $30 billion in worldwide revenues. Amgen, the world’s largest biotechnology firm, had profits of $5 billion in 2013, a 17 percent increase from Read More →

| Thursday, June 5th, 2014

Amgen to cut 70 jobs

East Ventura County, Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies

Thousand Oaks-based Amgen plans to lay off 70 people, primarily in its information systems department at its headquarters.