Regulators scrutinize Community West
Banking Industry, Latest news, Tri-County Public CompaniesCommunity West Bancshares faces a new order from regulators that limits its ability to pay out dividends, sell stock or incur new debts without the prior approval of the federal banking overseers. The parent of Community West Bank also agreed with the Federal Reserve Bank of San Francisco on April 23 that the Goleta firm Read More →
Amgen’s founding CEO dies
Latest news, Technology, Tri-County Public CompaniesGeorge Rathmann, the founding CEO of Thousand Oaks-based Amgen, has died, the company said April 23. Born in 1927, Rathmann helmed what is now Ventura County’s largest private-sector employer from 1980 to 1988 and was the chairman of the board until 1990. He had been recruited by Bill Bowes, one of Amgen’s founders, to run Read More →
Heritage Oaks regulatory order removed
Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Public CompaniesPaso Robles-based Heritage Oaks Bancorp has bucked a regulatory consent order placed on it two years ago. The news came on April 23, as the firm reported that it earned $1.6 million in the first quarter, a 204 percent increase over the same quarter a year earlier. The parent company of Heritage Oaks Bank and Read More →
101 One Hundred and Hall of Fame inductee Hank Lacayo
Features“There was an adversarial relationship with corporations, but I wasn’t just attacking all the time, trying to get a piece of the profit. I was also making sure they had their workers and that they could make their products.” — Hank Lacayo The 2012 edition of the Business Times 101 One Hundred special report inducts Read More →
Oxnard corruption probe ends in reports of gov’t waste, but no arrests
Latest newsMore than two years after storming Oxnard’s city hall in a search for documents, Ventura County District Attorney Greg Totten’s office has ended its corruption investigation without pressing charges. In a 99-page report, the District Attorney’s office said it uncovered significant waste of taxpayer money by suspended City Manager Ed Sotelo, Mayor Tom Holden and Read More →
Carp flower industry standing strong
Latest newsFlower growers in Carpinteria, the biggest flower-producing region in the state, are working together to try to keep up as their foreign rivals grow more and more competitive. California’s multimillion-dollar cut flower industry is being threatened by federal trade policies that provide subsidies to foreign flower growers, particularly those in Bogota, Colombia, according to a Read More →
Ceres loses $6.8M in Q1
Banking & Finance, Earnings, Green Coast, Latest news, Tri-County Public CompaniesEnergy crop company Ceres lost $6.8 million in the first quarter, it said in its first earnings report after going public in a $65.3 million IPO in late February. The Thousand Oaks-based firm’s loss widened from $5.4 million a year earlier as revenue dropped from $1.6 million to $1.3 million. Despite a $100,000 increase in Read More →
