Ford at PCBC to mark closing of deal
“The money’s in the bank.” That was the word from Texas billionaire Gerald Ford at the Aug. 31 announcement of the closing of a $500 million recapitalization deal with Pacific Capital Bancorp. It was Ford’s first public appearance regarding the deal, which leaves him with 86 percent of the tri-county region’s largest independent banking company. Read More →
Lynda.com buys more Carpinteria space
Online software training firm Lynda.com purchased 57,474 square feet in Carpinteria on Aug. 31, continuing its expansion and move into the South Coast. The company, the fifth fastest-growing firm in the region according to a recent Business Times survey, bought a 31,553-square-foot office building and 25,921-square-foot warehouse building at 6410 Cindy Lane in Carpinteria. The Read More →
Facciano steps down from VC Taxpayers Association
Don Facciano, the president and CEO of the Ventura County Taxpayers Association for the past 10 years, will leave the post on Sept. 1 to concentrate on his campaign for Ventura County treasurer-tax collector. Richard Thomson, a retired Procter & Gamble executive, will replace Facciano, the Taxpayers Association announced Aug. 30. Thomson is a member Read More →
Feds give $1.5M for new SB Airport terminal
U.S. Rep. Lois Capps plans to appear Aug. 30 at Santa Barbara Municipal Airport to highlight a new $1.5 million federal grant to help build the airport’s new terminal. Local elected officials and top airport managers were scheduled to join her, and Capps plans to present a ceremonial check to Santa Barbara Airport Director Karen Read More →
Social business heavyweight Reitz visits CSUCI
In the space of six months, CSU Channel Islands has now played host to perhaps the two biggest names in the field of social business, the philosophy that says investing money can do more for the world than giving it away. Hans Reitz was on campus Aug. 26 to teach a seminar on social business, Read More →
QAD reports Q2 profit
Santa Barbara-based business software firm QAD is back in the black, with second-quarter earnings of $315,000, or 1 cent per share – up from a $1.4 million net loss in the same quarter last year. With second-quarter revenues flat at $51.3 million, the company attributed the earnings growth to “operational efficiencies” and improved margins. It Read More →
Superconductor Tech prices $6M stock offering
Santa Barbara-based Superconductor Technologies said Aug. 25 that it has priced an underwritten offering of 4 million shares of common stock at $1.50 per share. The company hopes to bring in $6 million in gross proceeds from the raise and said the offering will likely close Aug. 31. President and CEO Jeff Quirim said the Read More →
