Updated: Santa Barbara private equity firm buys Chartbeat, leader in media analytics
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Bank of the Sierra income down, due in part to rising interest rates
Sierra Bancorp’s net income fell to $9.2 million in the second quarter of 2022, from $11.7 million a year earlier, the bank announced July 25. The parent company of Bank of the Sierra posted net income of 61 cents per diluted share for the quarter ended June 30, compared with 76 cents per diluted share Read More →
American Riviera Bank reports income drop due to end of PPP program
Santa Barbara-based American Riviera Bank reported July 21 that its net income in the first half of 2022 shrank to $5.7 million, compared with $6.1 million in the same period a year earlier. For the second quarter, which ended June 30, American Riviera reported unaudited net income of $2.5 million, or 49 cents per share, Read More →
Yardi family buys landmark Santa Barbara Riviera property
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Dubroff: Howie Wennes stepped up when CLU and the region needed him
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Our View: Auditor’s report reveals some budget red flags
The state auditor’s most recent report on 470 California cities contains some good news and a few warning flags for those of us concerned about the fiscal health of our communities. The report measures 10 indicators, including reserves, debt burdens and pension obligations through the 2020-21 fiscal year. It contains red flags for smaller cities Read More →
Opinion: California needs a digital trade deal
By Jennifer Barrera and Myron Brilliant It’s no secret that technology is the backbone of California’s economy. In fact, despite the roadblocks posed by the pandemic, the tech sector helped propel California to a $15 billion tax surplus for the 2021-22 fiscal year and a projected $31 billion surplus next year. However, the role of Read More →
