Venoco founder closes deal to take firm private
With $471 million in financing, Venoco founder Tim Marquez is taking the oil and gas company he founded private more than a year after his bid to buy up the 49 percent of the company he doesn’t already own. Venoco, which is based in Denver but has significant operations on the South Coast, announced the Read More →
Congressional candidates joust over taxes, housing
[EDITOR’S NOTE: Correction appended below.] Assemblymember Julia Brownley and state Sen. Tony Strickland clashed over fiscal policy, housing and education at an Oct. 2 debate in Thousand Oaks as their campaigns for the 26th U.S. Congressional district remained a close contest. Held at California Lutheran University, the debate turned especially heated when Brownley accused Strickland of voting against California’s Homeowners Bill of Read More →
Heritage Oaks to buy Morro Bay branch from Coast National
Paso Robles-based Heritage Oaks Bank is buying the Morro Bay branch and assets of San Luis Obispo-based Coast National Bank. The acquisition, announced Oct. 1, will include about $30 million in deposit accounts. It will also include the branch building. Heritage Oaks said it will pay “market value” for the building at 898 Morro Bay Read More →
Cole speaks out after resigning as city manager
Rick Cole, who left his post as the longtime city manager of Ventura Sept. 15 after losing the support of a majority of the City Council, talked about his departure Friday in a public question and answer session after his address at the fall Speaker Series hosted by the Martin V. Smith School of Business Read More →
Xirrus raises $23.5M in new capital
Thousand Oaks-based wireless firm Xirrus has raised an additional $23.5 million in venture capital, bringing its total funding to an estimated $122 million. The lastest funding round was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks Read More →
