Montecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →
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The unemployment rate in the tri-county region dropped nearly a full percentage point between August and September, to reach its lowest level since before the COVID-19 pandemic began. The combined unemployment rate of Ventura, Santa Barbara and San Luis Obispo counties was just under 5% in September, down from 5.9% in August, according to a Read More →
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In 2021, California lawmakers in Sacramento passed at least 35 measures to address the housing crisis in the state. Local municipalities across California are dealing with a flurry of new housing-related laws and measures that could reshape the state’s housing landscape, and shift the balance of power on housing regulations away from cities and counties Read More →
The former Contra Costa County director of airports has been chosen to run the Ventura County-owned airports in Camarillo and Oxnard. The decision to appoint Keith Freitas as the new director of airports was made by Ventura County Executive Officer Mike Powers, according to a news release from the county on Oct. 8. Freitas will Read More →