Inphi shares climb on first day
Latest news, Tri-County Public CompaniesShares of Inphi Corp., the Santa Clara-based chipmaker with big operations in Westlake Village, shot up nearly 28 percent to close at $15.30 after they hit the market Nov. 11. Shares of the initial public offering made their debut on the New York Stock Exchange under the symbol IPHI. The 6.8 million shares hit the Read More →
Heritage Oaks reports $11.3M loss
Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPaso Robles-based Heritage Oaks Bancorp reported a third-quarter loss applicable to common shareholders of $11.3 million on Nov. 9, compared to a $5.6 million loss in the same quarter last year. The banking firm, the third largest based in the Tri-Counties, blamed the wider loss on a $10.5 million non-cash charge related to the valuation Read More →
First California acquires failed Woodland Hills bank
Latest news[Editor’s note: This story has been corrected. Scroll down to the bottom for the update.] Westlake Village-based First California Financial Group acquired the assets of Western Commercial Bank on Nov. 5 after federal regulators shut down the Woodland Hills-based institution. First California will pay the Federal Deposit Insurance Corp. a half percent premium to assume Read More →
Roof collapses at UCSB
Latest newsUC Santa Barbara closed its Bren School of Environmental Science & Management after a 4,000-pound section of ceiling collapsed in the building’s lobby on Oct. 30. No one was injured, and the building was evacuated safely, according to a UCSB news release. Classes in the building were cancelled for two days. University officials re-opened the Read More →
Remaining cities meet salary deadline
Latest newsAll of the local governments in the Tri-Counties that missed California Controller John Chiang’s initial deadline to turn in their salary and benefits data complied with the controller’s request within a few days. The cities of Guadalupe and Grover Beach and the county of Santa Barbara were not on the controller’s original list, released Oct. Read More →
Inphi predicts $10-$12 IPO price
Banking & Finance, Technology, Tri-County Public CompaniesInphi Corp., the chip design firm with a big presence in Ventura County, expects the shares of its initial public offering to sell for between $10 and $12. With shares scheduled to hit the market as early as Nov. 10, Inphi would raise $74.8 million if investors buy in the middle of its range. It Read More →
