Heritage Oaks Bank names new CEO
Simone Lagomarsino will take the reins at Paso Robles-based Heritage Oaks Bank as president and CEO on Sept. 10. Lagomarsino succeeds current CEO Larry Ward, who announced his retirement earlier this year. Heritage Oaks, the parent of the Business First Bank brand in Santa Barbara, is the third-largest regionally based bank in the Tri-Counties. It Read More →
Camp Roberts gets $35M project
Camp Roberts, the California National Guard base that straddles San Luis Obispo and Monterey counties near Paso Robles, is slated to receive a $34.8 million, 43,000-square-foot satellite communications facility. Almost all California National Guard troops who deployed to Afghanistan and Iraq passed through Camp Roberts for training. In addition to shooting ranges and assault courses, Read More →
Make It Work rolls into Costco
Santa Barbara-based Make It Work has inked a deal to offer its consumer-oriented tech support services at 20 Costco store locations in Southern California. Make It Work’s fleet of signature red Mini Coopers performs tech support house calls throughout Southern California for consumers and very small businesses. Through the deal with Costco, a membership wholesaler, Read More →
Job cuts hit solar, beauty industries
Two tri-county employers on Sept. 2 confirmed job cuts that could eliminate 260 positions. SolarWorld Industries America, the U.S. subsidiary of a major German maker of solar energy systems, said it is shuttering production at its Camarillo plant and cutting 186 jobs. Mentor Worldwide, a Santa Barbara-based breast implant maker that was acquired by Johnson Read More →
700 BofA jobs at stake in Ventura County
About 700 jobs in Thousand Oaks and Westlake Village are in peril as Bank of America prepares to sell or shutter the correspondent-lending arm of its mortgage business. “We intend to sell the correspondent mortgage lending division or, if a suitable deal is not identified, we will consider other options, including winding down the correspondent Read More →
NiMin drums up $4M
NiMin Energy Corp., an independent oil company based in Carpinteria, has raised $4 million in a private placement with an Australian bank. NiMin owns and drills onshore oil fields near Bakersfield and in Wyoming and southern Louisiana. It said the money will go toward developing its assets near Bakersfield. NiMin said it sold 2.7 million Read More →
Venoco CEO offers to take firm private
[EDITOR’S NOTE: There’s an updated version of this story: “Venoco sued over CEO’s offer“] The CEO of oil and gas company Venoco wants to take the company private in a proposed buyback deal that would value the entire company at $734 million. Denver-based Venoco said Aug. 29 that CEO and Chairman Tim Marquez has offered Read More →
