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 →
Founders earnings jump in Q1
Banking & Finance, Banking Industry, Earnings, Latest newsSan Luis Obispo-based Founders Community Bank earned $189,000 in the first quarter, up 220 percent from the $86,000 it earned in the first quarter a year earlier. The bank also announced plans to open a new Morro Bay branch. Loans and deposits were up during the quarter, with noninterest-bearing deposits climbing by $7 billion, CEO Read More →
Umpqua to buy American Perspective Bank for $44.7M
Banking & Finance, Banking Industry, Central Coast, Latest news, Tri-County Public CompaniesSan Luis Obispo-based American Perspective Bank is being purchased by Portland-based Umpqua Holdings Corp. for $44.7 million. Under the deal, announced April 10, Umpqua will pay $10 per share in cash for American Perspective. The San Luis Obispo bank’s three Central Coast branches will be rebranded as Umpqua Bank. The acquisition has been approved by Read More →
