SBNP files for Chapter 7 bankruptcy, closes operation
Wendy McCaw, a Hope Ranch billionaire with many assets in the Santa Barbara area, is no stranger to court proceedings, but her latest filing for bankruptcy could take quite a while. On July 21, Ampersand Publishing, the controlling company for the Santa Barbara News-Press, filed for Chapter 7 bankruptcy, leading to the paper ceasing all Read More →
Portfolio watch
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Banc of California acquires PacWest in an all-stock deal
Santa Ana-based Banc of California is acquiring Beverly Hills-based PacWest Bancorp in an all-stock deal, the companies jointly announced on July 25. The deal, expected to close in the fourth quarter of 2023 or the first quarter of 2024, will create a combined $36 billion in total loans and assets. The bank will be based Read More →
Santa Barbara News-Press files for bankruptcy and ceases operations
Ampersand Publishing, the controlling company for the Santa Barbara News-Press, filed for Chapter 7 bankruptcy on July 21, leading to the paper ceasing all operations and putting an end to one of the longest-running newspapers in the country. The Santa Barbara News-Press, which has been publishing since 1868, has not posted anything on its website Read More →
Vital signs: California small businesses embrace online sales
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CRE: Industrial outdoor storage at a premium due to the e-commerce craze
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Venture capital dollars could start flowing soon
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