Heritage Oaks to buy Morro Bay branch from Coast National
Banking & Finance, Banking Industry, Latest news, Tri-County Public CompaniesPaso Robles-based Heritage Oaks Bank is buying the Morro Bay branch and assets of San Luis Obispo-based Coast National Bank. The acquisition, announced Oct. 1, will include about $30 million in deposit accounts. It will also include the branch building. Heritage Oaks said it will pay “market value” for the building at 898 Morro Bay Read More →
Xirrus raises $23.5M in new capital
Banking & Finance, Latest news, TechnologyThousand Oaks-based wireless firm Xirrus has raised an additional $23.5 million in venture capital, bringing its total funding to an estimated $122 million. The lastest funding round was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks Read More →
VCEDA remains opposed to pair of public education propositions
Latest newsThe Ventura County Economic Development Association, or VCEDA, has not budged on its opposition to two state ballot measures that would raise money for public education by increasing taxes. Earlier this month, VCEDA’s opposition to Proposition 30 and Proposition 38 — dueling tax measures designed to raise money for public education — kicked off a Read More →
U.S. Chamber endorses Maldonado
Latest newsThe U.S. Chamber of Commerce has put its weight behind Abel Maldonado, the Republican candidate who’s running against incumbent Lois Capps to represent California’s 24th Congressional District. The endorsement came Sept. 26 in San Luis Obispo at an event hosted by Meathead Movers, a U.S. Chamber member. “Abel Maldonado recognizes that free enterprise, not more Read More →
Dole sells canned food business to Itochu for $1.7B
Banking & Finance, Latest news, Tri-County Public CompaniesProduce giant Dole Food Co. sold its worldwide canned food business to Japanese conglomerate Itochu Corp. on Tuesday, fetching $1.7 billion and marking the Westlake Village-based firm’s exit from Asia. Proceeds from the all-cash sale, the biggest in Dole history, will be used to pay down debt, Dole said. Tokyo-based Itochu now has exclusive rights Read More →
