Citizens Business bank reports income jump
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesCitizens Business Bank saw its net income rise more than 30% in the first quarter of 2021 as it blew past analysts’ estimates. The Ontario-based bank, which has five branches in the tri-county region, recorded a net income of $50.1 million, or 47 cents per diluted share, compared to $38 million, or 27 cents per Read More →
Community Bank of Santa Maria reports income decline, asset growth
Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public CompaniesCommunity Bancorp of Santa Maria saw its net income decline from the first quarter of 2020 to the first quarter of 2021, even though other financial measures soared year-over-year. The bank’s net income declined 7.2%, going from $609,521 to $565,683 in a year’s time, but during the same time total assets grew almost 37%, the Read More →
PureSpectrum closes $17M funding round
East Ventura County, Latest news, Startups, Technology, Tri-County EconomyPureSpectrum, an online market research company based in Westlake Village, recently secured $17 million in Series B funding from Arthur Ventures, a Minneapolis-based growth equity firm. The company connects researchers with online survey respondents. It grew out of Hub101, California Lutheran University’s entrepreneurial coworking space, and in the five years since it was created has Read More →
PCH mudslide area to reopen this week
Central Coast, Latest news, Tourism, Tri-County EconomyCaltrans announced that Highway 1 at in Big Sur is reopening April 23 at noon, even sooner than the agency had previously expected. The new opening is a week ahead of what was previously announced, and months ahead of what the agency originally estimated. Pacific Coast Highway has been fully closed near Rat Creek, north Read More →
Sierra Bancorp reports income spike
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSierra Bancorp, a Porterville-based bank with 11 branches in the tri-county region, saw its net income spike more than 40% during the first quarter of 2021 when compared with the same quarter of 2020. The bank reported a net income of $11.1 million, or 72 cents per diluted share, for the quarter ended March 31. Read More →
Street Smarts: Things get complicated for Montecito hotelier Ty Warner
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Firestone Walker to buy a SLO Brewing beer
Central Coast, Latest news, middle, Top Stories, Tri-County EconomyTwo of the Central Coast’s biggest and oldest breweries announced a deal April 15 in which Firestone Walker will buy the Cali-Squeeze brand from SLO Brewing Co. No details were disclosed about the transaction, except that it is expected to close by July 1, according to a news release from SLO Brewing. Cali-Squeeze is a Read More →
