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Union Bank to slash almost half of SBB&T work force

By   /  Friday, November 30th, 2012  /  Banking & Finance, Banking Industry, Latest news, Tri-County Economy  /  Comments Off on Union Bank to slash almost half of SBB&T work force

Union Bank will lay off almost 500 Santa Barbara Bank & Trust employees, or nearly half the bank’s work force, the San Francisco-based lender announced on the eve of its acquisition of Pacific Capital Bancorp. A spokesperson for Union Bank told the Business Times that 468 SBB&T positions will be eliminated over the next year. Read More →

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Simi Valley mall could be overhauled in 2014

By   /  Friday, November 30th, 2012  /  Latest news, Real Estate  /  1 Comment

The new owners of the financially troubled Simi Valley Town Center shopping mall have gone through more than 50 drafts of plans to revitalize the property and are moving close to announcing their strategy. That was the word from Brian Gabler, Simi Valley’s director of economic development, who spoke at a Chamber of Commerce breakfast Read More →

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New CEO as Natural History museum turns 100

By   /  Friday, November 30th, 2012  /  Latest news, Nonprofits  /  Comments Off on New CEO as Natural History museum turns 100

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Amgen Tour to hit Santa Barbara, Avila Beach

By   /  Tuesday, November 27th, 2012  /  Latest news, Tourism  /  Comments Off on Amgen Tour to hit Santa Barbara, Avila Beach

[Editor’s note: This story has been updated with additional information.] The Amgen Tour of California will return to Santa Barbara and visit Avila Beach for the first time ever when the Tri-Counties hosts the end of Stage 4 and all of Stage 5 for the eight-year-old road cycle racing event next year. AEG, presenter of Read More →

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RingRevenue dials up $3.25M in funding

By   /  Wednesday, November 21st, 2012  /  Banking & Finance, Latest news, Technology  /  Comments Off on RingRevenue dials up $3.25M in funding

Santa Barbara-based RingRevenue has raised $3.25 million in fresh venture capital in a round led by investors GRP Partners and Rincon Venture Partners, bringing its total funding to date to more than $10 million. The company, founded in 2007, initially built a technology platform to let digital advertisers track sales calls the way they track Read More →

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SB Neighborhood Clinics CEO to step down

By   /  Friday, November 16th, 2012  /  Health Care & Life Science, Latest news  /  Comments Off on SB Neighborhood Clinics CEO to step down

Cynder Sinclair is retiring from her post as the CEO of Santa Barbara Neighborhood Clinics. Sinclair has been at the helm of the nonprofit medical organization for nearly five years. It is a network of nonprofit clinics that serves low-income and uninsured patients. The clinic’s board of directors announced Sinclair’s departure on Nov. 16, and Read More →

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Dole reports Q3 loss of $5.3M

By   /  Thursday, November 15th, 2012  /  Latest news  /  Comments Off on Dole reports Q3 loss of $5.3M

Produce giant Dole Food Co. missed Wall Street expectations as it saw a third-quarter loss of $5.3 million, or 6 cents a share, on revenue of $2 billion. The loss is an improvement over third-quarter results from last year, when the Westlake Village-based food company reported a loss of $12.1 million, or 14 cents a Read More →