Channel Technologies to lay off 198 employees in Santa Barbara
Channel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar equipment, will lay off 198 employees after the company filed for Chapter 11 bankruptcy protection Oct. 14. Filings with the California Employment Development Department said affected workers will be let go on Dec. 20. The company also has operations Read More →
Santa Barbara Symphony names new executive director
Kevin A. Marvin, who served as executive director of the Santa Barbara Chamber Orchestra, has been named executive director of the Santa Barbara Symphony. He will succeed David Pratt, who was recently named chief executive of the Queensland Symphony Orchestra in Brisbane, Australia. Marvin’s appointment is effective Dec. 1 and was unanimously approved by the Read More →
Merger pays off for American Riviera Bank
American Riviera Bank reported sharply higher profits and deposits for the third quarter as the benefits of its merger with the Bank of Santa Barbara late last year are becoming evident. American Riviera said Oct. 25 that net income was $1.4 million for the quarter ended Sept. 30 or 32 cents per share versus 5 Read More →
Sientra CFO resigns, new CFO named
Embattled-breast implant manufacturer Sientra said in a news release Oct. 27 that Chief Financial Officer Matthew Pigeon stepped down from his position “to pursue other opportunities.” Patrick Williams, who most recently served as CFO of Pleasanton-based ZELTIQ Aesthetics from November 2012 until this past April, will fill Pigeon’s roll as CFO at Sientra. Williams also Read More →
MindBody revenues grew 35 percent in third quarter
MindBody continued on its path to profitability during the third quarter as revenues grew 35 percent. Revenues increased from $26 million during the same quarter of 2015 to $35.2 million in 2016. Net losses also decreased 39 percent from $9.62 million in 2015 to $5.89 million in 2016. Chief Financial Officer Brett White said on Read More →
Dignity Health plans merger with Catholic Health Initiatives
San Francisco-based Dignity Health plans to merge with Colorado-based Catholic Health Initiatives in a deal that would combine a couple of the largest nonprofit providers in the country, Dignity announced on Oct. 24. Dignity Health owns five hospitals in the Tri-Counties, including Arroyo Grande Community Hospital, French Hospital Medical Center in San Luis Obispo, St. Read More →
Freeport-McMoRan sells California onshore oil, gas properties
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