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Cal Oaks merger gets federal OK

By   /  Wednesday, November 24th, 2010  /  Banking Industry, Latest news  /  Comments Off on Cal Oaks merger gets federal OK

Thousand Oaks-based California Oaks State Bank and Encinco-based California United Bank said Nov. 24 that they’ve received the green light from federal banking regulators to complete their proposed acquisition deal.

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Santa Barbara man pleads guilty to Ponzi scheme charges

By   /  Wednesday, November 24th, 2010  /  Latest news  /  Comments Off on Santa Barbara man pleads guilty to Ponzi scheme charges

A Santa Barbara man pleaded guilty Nov. 23 to fraud charges that could land him in federal prison for up to 33 years.

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Montecito Bank & Trust hands out $1M

By   /  Monday, November 22nd, 2010  /  Latest news, Nonprofits  /  Comments Off on Montecito Bank & Trust hands out $1M

Montecito Bank & Trust bank officials handed out $1 million in checks to 163 organizations located from Solvang to Westlake Village.

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Amgen gets sought-after FDA approval

By   /  Thursday, November 18th, 2010  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen gets sought-after FDA approval

The Food and Drug Administration has approved the use of Amgen’s bone drug denosumab in patients with certain types of cancer, Amgen announced Nov. 18.

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Venoco drops Ellwood drilling plans

By   /  Wednesday, November 17th, 2010  /  Latest news  /  Comments Off on Venoco drops Ellwood drilling plans

Venoco has dropped its plans to expand oil drilling from its Platform Holly off the coast of Santa Barbara County. In a brief letter sent to the California State Lands Commission on Nov. 9 and widely circulated by environmental groups on Nov. 16, Venoco said it “hereby withdraws its application for its Ellwood Full Field Read More →

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Borders to close Santa Barbara store

By   /  Tuesday, November 16th, 2010  /  Latest news, Real Estate  /  Comments Off on Borders to close Santa Barbara store

National book retailer Borders is closing its downtown Santa Barbara store amid a nationwide wave of store closings. Jason Roy, the general manager of the 900 State St. location, told the Business Times on Nov. 16 that the store would be closing in January. “It’s sad that this Borders is leaving State Street,” said Roy, Read More →

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Deckers weighing Carpinteria, Goleta, airport properties

By   /  Tuesday, November 16th, 2010  /  Latest news, Real Estate  /  Comments Off on Deckers weighing Carpinteria, Goleta, airport properties

As Ugg boot company Deckers Outdoor Corp. strides toward a new South Coast headquarters, sites in Carpinteria, Goleta and at the Santa Barbara Municipal Airport have surfaced as potentially perfect fits.